Thursday, May 24, 2012 6:24 AM IST

Federal Reserve

The Federal Reserve System (also known as the Federal Reserve, and informally as the Fed) is the central banking system of the United States. It was created in 1913, with the enactment of the Federal Reserve Act, and was largely a response to prior financial panics and bank runs, the most severe of which being the Panic of 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded and its structure has evolved. Events such as the Great Depression were some of the major factors leading to changes in the system.

Articles About Federal Reserve

GE's Immelt still aims for 'smaller' finance arm

By Reuters UK

General Electric Co <GE.N> plans to continue to shrink its finance arm, pulling back from consumer finance and reducing its real estate holdings, but Chairman and Chief Executive Jeff Immelt said on Wednesday he did not know how long the change would take. (11:44 pm)

MORE TOPICS: GENERAL ELECTRIC, INDIA, FLORIDA, NEW YORK

The Real Crash

By Euro Pacific Capital

I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market "experts" laughed at when I warned of trouble brewing in the seemingly indestructible American economy. (10:32 pm)

MORE TOPICS: UNEMPLOYMENT, BEN BERNANKE, MANUFACTURING, GDP

JPMorgan
JPMorgan Losses Give Boost To Sanders' Bank Bill

By IBTimes

The recent multibillion-dollar trading loss suffered by JPMorgan Chase & Co. (NYSE: JPM), the country's largest bank by assets, has strengthened the case against letting bank executives serve as directors of Federal Reserve regional banks and thus regulating themselves, policy makers say. (9:34 pm)

MORE TOPICS: SEC, JPMORGAN CHASE, TIMOTHY GEITHNER, GOVERNMENT ACCOUNTABILITY OFFICE, NEW YORK, MICHIGAN, NYSE

Guessing game begins over next Treasury chief

By Reuters

Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis. (10:44 am)

MORE TOPICS: CHINA, BARACK OBAMA, BEN BERNANKE, FANNIE MAE, GOLDMAN SACHS, JPMORGAN CHASE

SEC looking at JPMorgan's financial reporting

By Reuters

The head of the U.S. Securities and Exchange Commission told lawmakers on Tuesday that her agency is probing JPMorgan Chase and Co's financial reporting and emphasized that big banks are required to publicly disclose changes to the models they use to measure risk. (May 23)

MORE TOPICS: SEC, JPMORGAN CHASE, INVESTMENT, LONDON, CONGRESS

Markets
European Stocks Boosted By Positive Outlook: Daily Markets Wrap

By IBTimes

Comments regarding a rebound in the Chinese economy from the Organization for Economic Cooperation and Development lifted stocks earlier Tuesday and kept Asian and European bourses in the green. The comments came after Chinese Prime Minister Wen Jiab... (May 23)

MORE TOPICS: CHINA, GOLD, DOW JONES, GERMANY, MANUFACTURING, EUROPEAN UNION, JPMORGAN CHASE, CRUDE OIL

Wells Fargo increases return targets

By Reuters

Wells Fargo & Co <WFC.N> on Tuesday increased its goals for returns on assets and shareholder payouts while executives pledged to carefully manage risk throughout the company's sweeping operations. (May 23)

MORE TOPICS: BANK OF AMERICA, JPMORGAN CHASE, WACHOVIA, WELLS FARGO, NEW YORK, INVESTMENT

Morning Copper Market Report

By CME Group

July copper has posted moderate gains this morning but remains well below this week's highs. Many traders were surprised that the copper market wasn't able to benefit from the latest series of official "hints" of upcoming Chinese easing. (May 22)

MORE TOPICS: COPPER

FTSE extends rally as miners get China fillip

By Reuters UK

Gains by mining stocks helped Britain's top share index to extend its rally into a second session on Tuesday when the demand picture for metals was brightened by hopes of fresh moves by China to boost its economy. (May 22)

MORE TOPICS: CHINA, FTSE, EXISTING HOME SALES, MANUFACTURING, EUROPEAN UNION, COPPER

Stock futures signal higher Wall Street open

By Reuters

Stock index futures pointed to a slightly higher Wall Street open on Tuesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.2 percent. (May 22)

MORE TOPICS: CHINA, DOW JONES, BANK OF AMERICA, BARCLAYS, GOLDMAN SACHS, MORGAN STANLEY