Global Economy
Brokers Balk As Big Banks Push Cross-Selling Insurance, Loans to Wealthy
Scrambling to plug revenue holes created by crackdowns on credit card fees and falling brokerage commissions, big U.S. banks are pushing a strategy they've tried with limited success in the past - ...
U.S. CEOs See More Hiring, Improved Sales in Next 6 Months: Survey
U.S. chief executives expect to hire more workers in the next six months and that sales will improve modestly, a tepid if slightly optimistic reading of the U.S. economy, a Business Roundtable survey ...
Fear of Stimulus Slowing by Federal Reserve Stalks World Economy: Cutting Research
The world economy should brace itself for a slowing of stimulus by the Federal Reserve if history is any guide. Any tapering in the Fed's $85 billion-a-month asset- purchasing program will hurt ...
Cost of Factory Safety in Bangladesh on $22 Jeans: 99 Cents
In Bangladesh, the difference between a safe factory and an unsafe one comes down to a few cents. For just pennies per t-shirt or pair of trousers produced, garment manufacturers could build ...Federal Insurance Regulator Releases Annual Report
The U.S. Department of the Treasury's Federal Insurance Office (FIO) today released its annual report on the insurance industry to the President and Congress. Under the Dodd-Frank Wall Street Reform ...Japanese Insurers Eligible for Bailout Funds Under New Law
Japan's parliament endorsed changes in legislation dealing with failed financial institutions as part of efforts by regulators worldwide to avoid a repeat of the global financial crisis. The passed ...
Floods Could Slow German Economy; Fitch Estimates Damage at 12B Euros
Floods that have devastated parts of southern and eastern Germany could briefly impede growth in Europe's biggest economy, an industry body said, while ratings agency Fitch said the economic cost ...
EU Weighs Allowing Damage Suits Over Price Fixing
The European Union proposed rules for a uniform system allowing consumers to sue over price-fixing in a plan that stops short of forcing nations to allow group lawsuits. Proposals on ...