Fed tapers further as economy recovers

Source: Bloomberg
The FOMC decided to decrease its bond purchases additionally by $10 billion per month, as American economy recovers and labor market improves. Policy makers are concerned about record $4.1 trillion Fed's balance sheet, as they will now buy only $65 billion of bonds and mortgage securities monthly. Meanwhile, this meeting was last with Ben Bernanke as the Chairman of the Fed.
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Thu, 30 Jan 2014 11:40:04 GMT

Santander profit surges amid lower provisions on bad loans

Banco Santander SA, the largest bank in Spain, announced a significant increase in its profit for the last quarter of 2013, as the bank accumulated fewer funds for bad loans. The net income jumped to 1.06 billion euro against 423 million euro in Q4 2012. Analysts, however, waited for a 1.2 billion euro profit. Today, Banco Santander SA shares are

Thu, 30 Jan 2014 10:21:05 GMT

U.K. private lending increases in December

Private lending in the United Kingdom advanced more than predicted in December of 2013, pointing on worsening credit conditions, as individuals want to borrow with still quite low interest. The Bank of England report showed a 2.3 billion pounds rise in lending after a 1.8 billion pounds surge in November. Analysts, in turn, expected the indicator to add 1.9 billion

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