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This is what $11.85 trillion worth of household debt looks like
Household debt in the US was unchanged at $11.85 trillion for the second quarter of 2015."Mortgages balances, the largest component of household debt, declined in the second quarter. Mortgage balances...
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NY Fed president says it's too early to talk about a rate hike — 'The...
MILAN (Reuters) - It is too early to consider an interest rate rise in the United States due to concerns about global economic growth, New York Federal Reserve Bank President William Dudley was quoted...
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This is why a lot of economists aren't sure payday lending is such a bad thing
There are few legal industries with a worse public reputation than payday lending.The whole sector gets an atrocious rap — in the United States, voters overwhelmingly believe that payday lenders have...
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This is what $12.12 trillion worth of household debt looks like
Household debt in the US increased slightly to $12.12 trillion for the fourth quarter of 2015, up $51 billion (0.4%) from the third quarter."Mortgage balances, the largest component of household debt,...
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Leaked document from the New York Fed says Barclays was 'weak' at preventing...
Barclays was the first bank to settle with authorities over Libor fixing in 2012. But that was just the start of its troubles.In 2013, less than a year after Anthony Jenkins took over from Bob Diamond...
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How a hacker's typo helped stop a billion dollar bank heist
A spelling mistake in an online bank transfer instruction helped prevent a nearly $1 billion heist last month involving the Bangladesh central bank and the New York Federal Reserve, banking officials...
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An audacious $1 billion central bank cyber raid was scuppered by a typo
Cyber criminals targeting the Bangladesh Central Bank and New York Fed stole $101 million (£70.7 million) and could have got $1 billion (£702 million) if the ruse wasn't uncovered by a typo.The...
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Americans have $12.29 trillion of debt — here's what it looks like
Americans are still adding debt.Household debt — which includes things as varied as mortgages and credit cards — increased to $12.29 trillion in the second quarter of 2016, an increase of $35 billion,...
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The number of foreclosures in America is at an all-time low
Homebuyers are feeling great right about now, according to the Federal Reserve Bank of New York."Mortgage originations grew, to $427 billion. About 83,000 individuals had a new foreclosure notation...
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There's finally a tiny bit of good news for the 40 million Americans with...
Finally, there's a least a small piece of good news about student debt.According to the New York Federal Reserve's "Quarterly Report on Household Debt and Credit," the total student-debt load in...
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One in 5 New York companies say they're hiring fewer people because of Obamacare
Some companies in the Empire State say they are slowing down hiring because of Obamacare.According to a new survey by the Federal Reserve Bank of New York, 20.9% of manufacturing firms in the state...
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Wall Street is no longer New York City's biggest job engine
Wall Street is no longer New York City's biggest job engine.The city counted on the finance sector to fuel economic growth during recoveries and expansions in the past, New York Federal Reserve...
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Wall Street is abandoning Wall Street because it's too expensive
Wall Street has long been the center of the American financial universe.Home to the New York Stock Exchange, the New York Federal Reserve, and many important financial institutions, Lower Manhattan has...
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The for-profit education sector has exploded in the last 15 years — here's why
The New York Federal Reserve Bank published a report that displays in stark terms just how much the for-profit college sector has exploded over the past 15 years."In 2015, nearly three times as many...
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Americans have $12.58 trillion of debt — here's what it looks like
Americans' debt balances rose "substantially" in the final quarter of 2016, according to the Federal Reserve Bank of New York. Household debt totaled $12.58 trillion as of December 31, 2016, according...
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The New York Federal Reserve is the latest to be worried about China's debt boom
China’s debt boom, or “credit boom” in more palatable terms – whose true extent remains purposefully obscure – and what it might do to the Chinese economy and by extension to the global economy is...
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This is what $11.85 trillion worth of household debt looks like
Household debt in the US was unchanged at $11.85 trillion for the second quarter of 2015."Mortgages balances, the largest component of household debt, declined in the second quarter. Mortgage balances...
View ArticleClik here to view.
NY Fed president says it's too early to talk about a rate hike — 'The...
MILAN (Reuters) - It is too early to consider an interest rate rise in the United States due to concerns about global economic growth, New York Federal Reserve Bank President William Dudley was quoted...
View ArticleClik here to view.
This is why a lot of economists aren't sure payday lending is such a bad thing
There are few legal industries with a worse public reputation than payday lending.The whole sector gets an atrocious rap — in the United States, voters overwhelmingly believe that payday lenders have...
View ArticleClik here to view.
This is what $12.12 trillion worth of household debt looks like
Household debt in the US increased slightly to $12.12 trillion for the fourth quarter of 2015, up $51 billion (0.4%) from the third quarter."Mortgage balances, the largest component of household debt,...
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