Craig Torres

March 04, 2010 | Daily Report Online

For consumer advocates, housing a new agency to protect Americans from financial-product abuse within the Federal Reserve would be a defeat after lobbying for an independent body. For banks, it would represent a victory. Barney Frank, chairman of the House Financial Services Committee, called a Senate plan to house the proposed Consumer Financial Protection Agency at the Fed "a joke.

By Craig Torres and Yalman Onaran

6 minute read

February 22, 2010 | Daily Report Online

The Federal Reserve Board sent its most explicit signal yet that the emergency supply of liquidity to financial markets is done and the most aggressive monetary policy easing in its 96-year history will eventually reverse. Chairman Ben S. Bernanke and his colleagues at the Board of Governors raised the rate charged to banks for direct loans by a quarter-point to 0.

By Craig Torres and Vivien Lou Chen

6 minute read

June 23, 2008 | Daily Report Online

U.S. Treasury Secretary Henry Paulson joined Federal Deposit Insurance Corp. Chairwoman Sheila Bair in seeking a clear procedure for shuttering a failing investment bank in the aftermath of the Bear Stearns Cos. crisis. The Federal Reserve and Securities and Exchange Commission are also close to an agreement on getting information about securities firms' capital and leverage in return for access to loans from the Fed.

By Rebecca Christie and Craig Torres

6 minute read

April 26, 2010 | Daily Report Online

By Craig Torres and Alison Vekshin

6 minute read

November 15, 2007 | Daily Report Online

By Scott Lanman and Craig Torres

6 minute read