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Fed's Duke Says Poor Neighbourhoods Need Lending to Survive

Federal Reserve Governor Elizabeth Duke defended the Community Reinvestment Act in a speech on Tuesday in Washington.I am still surprised at the misperceptions that persist about it, she said.The CRA was created in 1977, designed to encourage banks to lend in low- to middle-income areas. Some have blamed the act for causing the subprime mortgage crisis, which saw countless mortgages awarded to people who couldn't afford them.She said any revamping of the Act must be transparent.Duke also

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Fed to Safeguard Financial System, Says Fed Governor Duke

The U.S. banking system is facing serious challenges, but the Federal Reserve will continue to ensure that the banking system remains safe and sound and is able to meet the credit needs of our economy, Fed Governor Elizabeth Duke said before the House Financial Services Committee on Wednesday.While the Fed Governor gave lawmakers little new information regarding the state of the economy or monetary policy, she did point out that as the global economy begins to recover,

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BOE's King Says Stimulus, Banks Should be Focus of G20

Bank of England Governor Mervyn King said Tuesday that the focus of the upcoming G20 meetings in London should be fixing the banking system and providing significant stimulus to combat the economic downturn.The immediate need is to deal with the extraordinarily steep and simultaneous downturn in so many economies around the world, and to stabilize the banking system in those countries where it has failed, King said in his prepared remarks. That should be the main priority

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Le déclin du secteur manufacturier du New York se ralentit en avril

L’activité manufacturière dans l’État du New York a continué son déclin en avril, mais moins rapidement que prévu, selon un rapport produit par la Réserve fédérale de New York, mercredi.L’Enquête Empire State de la Fed de New York a rebondi à - 14,65 en avril depuis le - 38,23 affiché en mars, dépassant les attentes de - 35,0.La variance de fidélité de l’indice est de +/- 8,6 points. Un indice de plus de zéro indique une croissance

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Tanzanian Shilling / Fiji Dollar converter (TANZANIA, UNITED REPUBLIC OF / FIJI)

Tanzanian Shilling / Fiji Dollar converter (TZS / FJD) will convert the currency of TANZANIA, UNITED REPUBLIC OF in currency of FIJI with the actual exchange rate.

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Fiji Dollar / Pound Sterling converter (FIJI / UNITED KINGDOM)

Fiji Dollar / Pound Sterling converter (FJD / GBP) will convert the currency of FIJI in currency of UNITED KINGDOM with the actual exchange rate.

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UK Government Must Prop up Banks to Boost Market Confidence, Says BOE's King

Frankfurt - The UK government must work to boost market confidence by propping up UK banks in order to counter the extreme lack of confidence in the banking sector, Bank of England Governor Mervyn King said on Thursday.It's important that the government underpins the balance sheets of major banks, King told lawmakers in London in his testimony on the current banking crisis.However, King acknowledged that studying the banks' balance sheets could take many months and that it is

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US NY Empire State Manufacturing Index declines 4.55 in may vs -14.65 in April

FXstreet.com (Barcelona) For more information, read our latest forex news.

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Pound Sterling / Fiji Dollar converter (UNITED KINGDOM / FIJI)

Pound Sterling / Fiji Dollar converter (GBP / FJD) will convert the currency of UNITED KINGDOM in currency of FIJI with the actual exchange rate.

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Etats-Unis - Indice de la FED de New York - décembre

L'indice de la Fed de New York est ressorti à - 22,20 points en janvier, contre - 25,76 points en décembre. Les économistes tablaient en moyenne sur - 25. L'activité manufacturière dans l'Etat de New York s'est donc légèrement améliorée au vu des espérances des économistes ainsi qu'en comparaison des données des mois précédent.

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