Finally, some good news for banks
NEW YORK-- After being clobbered on fears of a slowing economy — and the Federal Reserve's potential reaction to it — U.S. bank investors are starting to focus on the potential for silver linings.
The two words on everyone lips are "quantitative easing," or the Federal Reserve's program to stimulate the economy by buying up the very government bonds it already sold.
Although the practice is controversial, banks would benefit big time because they would act as the prime sellers to the Fed. It's guaranteed cash in their coffers.
Talk of a fourth round of quantitative easing, known... read more
- 16:25 In Iowa, McAuliffe says he's not ruling out 2020 campaign
- 15:44 Trump to visit North Carolina to survey Florence impact
- 14:21 White House releases new biodefense strategy
- 14:01 The Latest: Trump considering permanent US troops in Poland
- 13:39 Ted Cruz holds 9 point lead on Beto OâRourke, new poll shows
- 12:39 Trump welcomes president of Poland to the White House
- 09:04 5 ways Trump's tariffs on $200B in China goods could be felt