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MAY 09, 2016 - Newsmax

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Fed's Kashkari: Current US Interest Rates 'About Right'

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday signaled his support for the cautious and patient approach to rate hikes laid out by Fed Chair Janet Yellen, saying the current stance of monetary policy is about right.

Tags: Fed's Kashkari: Current US Interest Rates 'About Right',  Bank Latest News

MAY 09, 2016 - Zero Hedge

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Record Number Of Parents Tell Kids They're On Their Own When It Comes To College Bill

The current outstanding student loan debt in the United States is roughly $1.3 trillion, and getting bigger by the second. The good news (for those not concerned about economic realities), Obama has just set the precedent that loans will be forgiven, the bad news, parents are now telling their kids to take out more student loans if they intend on ...

Tags: Record Number Of Parents Tell Kids They're On Their Own When It Comes To College Bill,  Bank Latest News

MAY 09, 2016 - Zero Hedge

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The Twilight Of The Gods (aka Central Bankers)

Submitted by Satyajit Das (former banker and author of The Age of Stagnation), The current financial market volatility increasingly reflects loss of faith in policy makers. Celebrity central bankers are learning that they must constantly produce new miracles for their followers. First, the measures implemented since 2009 created an artificial stability and an asset price boom in many markets.   ...

Tags: The Twilight Of The Gods (aka Central Bankers),  Bank Latest News

MAY 09, 2016 - Fortune magazine

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ICIJ launches Panama Papers database

Director of the International Consortium of Investigative Journalists, Gerard Ryle, says the publicly searchable database shows basic information like companies and owner's names, but private data like passwords and bank accounts won't be made public.

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MAY 09, 2016 - Washington Business Journal

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First Bank lures 2 top execs from Reliance

Rick Sems, president of Reliance Bank, and Tim Fogerty, the bank’s senior lender, are heading to First Bank. Reliance Chairman Tom Brouster said he will assume Sems’ duties and add the title of chief executive. Norm Toon has been promoted to senior lender. Sems and Fogerty came to Reliance in June 2013 from PNC Bank. “It was obviously a shock ...

Tags: First Bank lures 2 top execs from Reliance,  Bank Latest News