Most U.S. banks have passed the latest round of U.S. stress tests. March 14, 2012- The Federal Reserve was pleased to see that the majority of banks passed their latest stress tests. On Tuesday, the Federal Reserve announced that 15 of the 19 larger financial firms had sufficient capital to make it through a difficult recession. The results were announced 48 hours early and helped pave the way for banks buy back some shares and increase dividends. A senior financial analysts said, “When the Fed... 

A nantional deal will help some of the homeowners that were hurt by shady bank lending practtices. February 9, 2012- Final issues are being hammered out in a settlement between state attorney generals and major banks over the faulty foreclosures that have taken place. The settlement of over $25 billion is pending the signing of holdouts New York and California to complete the deal.  It is expected that on Thursday the nationwide plan will be announced to help close to two million homeowners who... 

Goldman Sachs is having a difficult time in the recession. January 19, 2012- Goldman’s used cost cutting measures to help them to a profit. It slashed costs from car services to officer’s compensation in order to deliver its shareholders a profit. By cutting costs, the company was able to report a profit of $978 million or $1.84 per share for the fourth quarter. That topped analysts’ estimates by $0.64 per share. Following the release of the earnings report, Goldman shares jumped by nearly... 

The EU elite are desperately trying to hold the Euorpean Union together at any cost. December 2, 2011- In an attempt to stop a global economic crisis, the finance ministers of the 17-euro zone nations are meeting in Brussels. Their goal is to save the common currency in the zone and make sure the global economy is not affected by their sovereign debt crisis. The ministers have begun to discuss ideas that at one time were unthinkable but must be considered in moments of desperation. Ideas included...