Bies to Leave Fed at End of March
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WASHINGTON -- Susan Bies, who has been a governor at the Federal Reserve since 2001, announced Friday that she will leave at the end of March, giving President Bush a fresh opportunity to put his stamp on the central bank.
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The U.S. economy is growing well, inflation is well contained and the Federal Reserve will raise interest rates at a measured pace to keep a lid on price pressures, Federal Reserve Governor Susan Bies said on Monday.
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CHARLOTTE - Bank of America Corp. , the second-biggest US bank, plans to stop making loans to mortgage brokers by year-end, a move that will cut 700 jobs, the bank said yesterday.
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Merrill Lynch & Co Inc's  president of wealth management in the Americas will leave the brokerage at the end of the month, the company said on Friday.
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Bank of America Corp. BAC.N, plans  on Wednesday to lay off hundreds of tellers and other employees  at Fleet bank branches, and ask them to leave immediately, the  Boston Globe said on Wednesday, citing documents it obtained  and Fleet branch managers.
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Federal Reserve Chairman Ben S. Bernanke today gave the clearest indication yet that the central bank will move aggressively to cut interest rates to try to prevent a serious economic downturn.
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Some stocks to consider in the wake of the Fed cut.
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Mark B. McClellan, the head of the Centers for Medicare and Medicaid Services, announced today that he will leave that position by early October.
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Chad Gifford, one of Boston&#39;s most visible business leaders, said yesterday he would retire as chairman of Bank of America Corp.
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In vista di taglio Fed e stop di un anno da parte della Bce
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Comings and goings in the financial industry.
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Bank One said Thursday that its chief economist is leaving the company, less than two months after it was purchased by JP Morgan Chase &amp; Co.
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Investor's Business Daily - Dallas Fed President Richard Fisher said last Tue.&#39;s surprise 50-basis- point cut in the fed funds rate should help the U.S. economy grow faster than it was before the decision. &quot;There was room to cut, the question was by how much. We decided by 50 basis points . . . that was to provide a little more oomph to economic growth,&quot; he said. Markets had expected a quarter-point cut. Fisher said future rate moves could go in either direction.
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Dina Dublon, chief financial officer of JP Morgan Chase (JPM ), announced on Sept. 21 that she would be leaving by yearend. Considered one of the most powerful women on Wall Street, Dublon&#39;s departure is a
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The Federal Reserve is expected to  lower U.S. interest rates on Wednesday as part of an ongoing  aggressive effort to spare the economy from the worst effects  of a deep housing slump and credit crunch.
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In a surprise move, the leader of Microsoft Business Solutions (MBS) Doug Burgum said Tuesday he plans to leave Microsoft Corp. at the end of June 2007.
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The Federal Reserve is nearing  the end of its two-year run of interest rate increases as the  United States economy enters a stretch of slower economic  growth, Fed officials said on Monday.