Tag: US Senate Banking Committee

• Saturday, November 22nd 2014 - 05:49 UTC

  US Senate grills banks accused of 'unfair' trading practices with commoditisers

  

  Executives of three US banks are being grilled by senators over accusations the banks engaged in unfair trading practices relating to several commodities. A two-year report found that Goldman Sachs, Morgan Stanley and JP Morgan Chase bought up large stockpiles of commodities like aluminum and copper.

• Friday, November 22nd 2013 - 03:21 UTC

  Janet Yellen ready to become the most powerful woman in world finance

  

  The United States Senate Banking Committee approved on Thursday Janet Yellen's nomination to become the first woman to lead the Federal Reserve, sending it to the full Senate for a final vote. If she is confirmed, as is widely expected, the current No. 2 at the central bank will replace its chairman, Ben Bernanke, when his term expires on January 31, making her the most powerful woman in world finance.

• Thursday, November 14th 2013 - 07:30 UTC

  Fed chief candidate says US economy still performing “far short” of its potential

  

  Janet Yellen, President Obama's choice to lead the Federal Reserve, said the central bank would not stop its stimulus efforts until the labor market improves and inflation rises. The comments came in a statement prepared for her confirmation hearing before the Senate Banking Committee. Thursday's hearing is a chance for Senators to question Ms Yellen.

• Tuesday, July 17th 2012 - 20:13 UTC

  Bernanke concerned with US economy but with no clues about what steps to follow

  

  Federal Reserve Chairman Ben Bernanke on Tuesday offered few new clues on whether the US central bank was moving closer to a fresh round of monetary stimulus, even as he underscored his concerns over the economy's weakness.