Hartford Financial Services Group Inc. said Wednesday that it has bought back $3.4 billion of the company s preferred shares that were issued to the Treasury Department last year in exchange for federal bailout aid.
Monthly archives for March, 2010
Fed s Duke-bad to strip Fed of small bank oversight (at Reuters)
The U.S. Federal Reserve would prefer to retain supervision of banks that operate under state charters, a top Fed official said on Wednesday.
UPDATE – Brazil economic policy director quits central bank (at Reuters)
* Economic policy director Mario Mesquita steps down * To be replaced by foreign affairs director Araujo * Bank president Meirelles also weighing leaving his post
UPDATE – Brazil economic policy director quits central bank (at Reuters)
* Economic policy director Mario Mesquita steps down * To be replaced by foreign affairs director Araujo * Bank president Meirelles also weighing leaving his post
Fed s exit strategy toolkit (at Reuters)
The U.S. Federal Reserve formally ends on Wednesday its program of buying around $1.4 trillion of mortgage-related debt.
Getco appoints Fed governor as advisor (at Financial Times)
Getco, the US-based electronic trading and market-making firm, on Wednesday made a high-profile appointment to its business by naming Randall Kroszner, a Federal Reserve bank governor, as an advisor.
U.S. rebound on good footing: Fed s Fisher (Reuters)
The U.S. economic recovery is gathering speed as business activity picks up pace, despite lingering weakness in employment, Dallas Federal Reserve Bank President Richard Fisher said on Tuesday.
Fed s Fisher not advocating rate hike (at Reuters)
Dallas Federal Reserve Bank President Richard Fisher on Tuesday said he did not think it was time for the U.S. Federal Reserve to consider increasing interest rates.
Fed s Fisher: not time to sell assets (at Reuters)
The U.S. Federal Reserve must eventually begin to sell assets but now is not the right time, Dallas Federal Reserve Bank President Richard Fisher said on Tuesday.
Fed s Fisher says some financial institutions too big (at Reuters)
Some financial institutions judged too big to fail are simply too big and should be broken up, Dallas Federal Reserve Bank President Richard Fisher said on Tuesday.