according to the latestreportby the Federal Reserve Bank of New York. That marked a $45 billion spike from the previous quarter. Credit card debt’s historic rise also represented the largest increase among all debt types analyzed by the NY Fed. ...
At the same time, types of debt moving into troubled status during the quarter were mixed, with credit card delinquency transition rates ebbing but trouble rising "slightly" for auto-related debt and mortgages, the New York Fed said in a press release. Some 126,...
Treasury market, the largest government bond market in the world, is back to levels seen before the Federal Reserve started hiking interest rates in 2022, according to a New York Fed report. Liquidity - or the ability to trade an asset without significantly moving its ...
That remains well above the Fed's 2% target, indicating that sticky inflation could be here to stay. By comparison, central bank policymakers projected in their latest economic forecasts that inflation will fall to 2% by 2025. Americans expect the cost of many necessities, like r...
Bloomberg News is reporting that PIMCO, BlackRock Inc. (BLK) and the NY Fed are seeking to force Bank of America (BAC) to repurchase mortgage putbacks (guarantors or investors in MBS ask to return bad loans) packaged into $47 billion of bonds by its Coun
Read MoreHeavy burden of college debt: Sen. Warner Credit inquiries within six months—a bellwether of borrowing demand—rose by 4 million from the previous quarter, to 175 million, according to the New York Fed report. Mortgage originations, which include both new mortgages and refinancings,...
NY Fed bullish on LDC debtReports the decline of the debt exposure of the money-center banks in the U.S. Compliance of the international agreements on risk-based capital; Issuance of another capital instruments; Enhancement of the cr...
AIG mortgage debt. NY Fed sells $1.33bn AIG mortgage debt.NY Fed sells $1.33bn AIG mortgage debt.The New York Fed has sold mortgage-backed bonds it bought to support American International Group (AIG) in 2008. [ FROM AUTHOR]EBSCO_bspReactions...
Even anSEC career lawyerand aNew York Fed bank examinerhave blown the whistle on how the leadership of these “watchdogs” have caved to pressure from Wall Street. The public has been repulsed by Wall Street’s ongoing serial crimes and its lapdog regulators. Wall Street today...
Steven Tanenbaum, founding partner of Golden Tree Asset Management, (which, wait for it, invests in distressed debt) and his wife, Lisa, gave $2800 each. They list their address as Harrison, New York. One-percenters showing a residence in Cal...