Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators.
Banking & Finance
The latest coverage of the banking and financial sectors.
By Ben Wolfgang - The Washington Times
Calling identity theft a "heartbreaking" crime that robs Americans of their financial security, President Obama on Friday signed an executive order to put in place new protections for consumers who receive government benefits. Published October 17, 2014
A sudden plunge in mortgage rates last week raised an urgent question for millions of Americans: Should I refinance my mortgage?
After a long, slow convalescence from the Great Recession, the U.S. economy has emerged this year as a major force for global growth for the first time in a decade, even as some of its top rivals struggle.
Federal Reserve Chair Janet Yellen said Friday that the last several decades have seen the most sustained rise in income inequality in a century.
A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years.
Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.
Global stocks nose-dived Wednesday on fears that the world economy is losing steam, with some analysts blamed the worst string of losses on Wall Street in years in part on spreading panic about the economic impact of the Ebola crisis.
They were known as the prized "black accounts," those held in Swiss banks by wealthy Americans who wanted to make sure their billions of dollars in assets were securely hidden from the IRS, a longtime banker testified Wednesday in the trial of a former senior executive at UBS AG.
Just as the U.S. job market has finally strengthened, the Federal Reserve now confronts a new worry: A sputtering global economy that's spooked investors across the world.
The trust responsible for distributing any remaining assets of Washington Mutual Inc. to unsecured creditors is suing the company's former directors and officers over a $500 million transfer that occurred just before Washington Mutual Bank was seized.
JPMorgan Chase's CEO Jamie Dimon says that more coordination between businesses and government is needed to combat the rising threat of cyberattacks.
Coinbase, a company that facilitates the financial transaction of digital currencies — like Bitcoin — has hired a former staffer for Sen. Tom Carper, with expectations that he's going to use his savvy of Capitol Hill to advance the industry.
As they gear up for a White House bid, Hillary Rodham Clinton and other Democratic presidential hopefuls may be looking over their left shoulder for a key stamp of approval from the party's new progressive standard-bearer.
The International Monetary Fund slightly lowered its outlook for global economic growth this year and next, mostly because of weaker expansions in Japan, Latin America and Europe.
Recent Opinion Columns
The U.S. economy is underperforming, and the Federal Reserve's low interest rate policies won't reinvigorate it.
Hey, did you hear the story about the former Federal Reserve chairman who couldn't get his mortgage refinanced?
Just as he does every election year, President Obama is pivoting to the economy.
Congress is back in session, and will likely vote soon on one of the most contentious issues leading into the midterm elections: the Export-Import Bank.
It was — and always is — enlightening to be outside the D.C. Beltway, where manufacturers grapple not only with increasing and sustaining sales, but with the real-world implications of Washington's latest action or inaction.
The market for U.S. government debt securities is among the largest and most liquid in the world; yet, disclosures are woefully inadequate.
From The Vault
Sen. Elizabeth Warren, one of the talked-about candidates for the Democratic Party's 2016 ticket to the White House, chided President Obama for what she called his catering to Wall Street — and dismissal of Main Street — in 2008, when markets were tumbling.