Earlier this year the Fed proposed new rules that would limit banks’ exposure to each other even more than the Dodd-Frank reforms, coming into force next year,…
I’ll just post this NY Fed press release verbatim, and leave the comments up to you. My short take is in the headline. NEW YORK…
Oil prices may surge to $220 a barrel if political unrest in North Africa halts exports from Libya and Algeria, Nomura Holdings Inc. said.
Crude futures rose to their highest in more than two years in New York today as Libya’s violent uprising thr…