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Biz Bits

JACKSON, Miss. - The president of the Federal Reserve Bank in Atlanta says the Fed should act to further stimulate growth if the economy doesn't improve by year's end.

http://chronicle.augusta.com/news/business/2012-07-13/biz-bits
Business briefs

...that banks could have been manipulating a global interest rate.Geithner, who was then president of the Federal Reserve Bank of New York, said he immediately alerted U.S. and British regulators in 2008 when he learned of problems with the...

http://chronicle.augusta.com/news/business/2012-07-25/business-briefs
Mortgage settlement will cost $8.5 billion

Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality, mortgage-backed securities that went sour when the housing market collapsed.

http://chronicle.augusta.com/news/business/2011-06-29/mortgage-settlement-will-c
U.S. factories keep jobs recovery alive

WASHINGTON - A resurgent U.S. job market that has lifted the economy appears to be enduring, adding jobs at a time when inflation remains relatively mild.

http://chronicle.augusta.com/news/business/2012-03-15/us-factories-keep-jobs-rec
AIG sells Alico unit to MetLife

...It also moves AIG closer to repaying taxpayers. As of Dec. 31, the company owed the Treasury and the Federal Reserve Bank of New York nearly $130 billion. AIG's bailout package was originally worth up to $182.5 billion.On March 1...

http://chronicle.augusta.com/news/business/2010-03-08/aig-sells-alico-unit-metli
Business
Fed chief calls for review of AIG rescue

WASHINGTON --- Federal Reserve Chairman Ben Bernanke took the unusual step Tuesday of asking Congress' investigative arm to conduct a "full review" of the Fed's role in bailing out insurance giant American International Group.

http://chronicle.augusta.com/stories/2010/01/20/bus_563866.shtml
Business
Biz bits

...suppression of details on deals that funneled billions to big investment banks while he was president of the Federal Reserve Bank of New York. Lawmakers reacted angrily Friday to e-mails sent in late 2008 and early 2009 between lawyers for the...

http://chronicle.augusta.com/stories/2010/01/09/bus_562489.shtml
Business
Fed chief says interest rates will stay low

...to have to continue to look at the economy," Mr. Bernanke said. William Dudley, the president of the Federal Reserve Bank of New York, in a separate speech, also said rates should be kept "exceptionally low for an extended period." Mr...

http://chronicle.augusta.com/stories/2009/12/08/bus_558530.shtml
Business
Report: Fed, Treasury failed at AIG oversight

...agencies that provided AIG's lifelines, according to a bailout watchdog. Mr. Geithner was president of the Federal Reserve Bank of New York before taking over at Treasury in January. He has said he did not learn until March about the $1.75 billion...

http://chronicle.augusta.com/stories/2009/10/15/bus_551932.shtml
Business
Why employment hasn't hit bottom yet

...companies simply rehired employees and got back to business. That's not the case anymore. A 2003 study by the Federal Reserve Bank of New York found that downturns are increasingly "structural," meaning the economy itself changes and jobs disappear...

http://chronicle.augusta.com/stories/2009/08/11/bus_543964.shtml
Business