Federal Reserve officials are stepping up scrutiny of the biggest US banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter. (Boston Globe, 11/20/09)
WASHINGTON - Taking aim at Wall Street and the nation’s central bank, a key House committee voted yesterday to assess upfront fees on large financial firms to pay for the failure of their peers and to require a sweeping congressional audit of the secretive Federal Reserve. (Boston Globe, 11/19/09)
WASHINGTON - Growing discontent over the economy and frustration with efforts to speed its recovery boiled over yesterday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration. (Boston Globe, 11/20/09)
NEW YORK - Bank of America Corp. plans to sell $460 million of securities backed by commercial real estate without relying on a US program to aid lending, three days after the first sale of the debt in more than a year. (Boston Globe, 11/19/09)
More Massachusetts borrowers lost their homes to foreclosure in October than in the month before, figures released yesterday show, adding to evidence that the sluggish economy is hindering national efforts to help homeowners keep their property. (Boston Globe, 11/19/09)