Financial Headlines

Yen Falls As Japan Trade Deficit Widens More-than-forecast

Sunday, April 20, 2014

CANBERA (Alliance News) - The yen lost ground against other major currencies in Asian deals on Monday, as Japan's trade deficit widened more-than-forecast in March. The data from the Ministry of Finance showed that Japan posted a trade deficit of 1.45 trillion yen in March, wider than forecasts for 1.08 trillion yen shortfall. In the previous month, the trade deficit was 802.5 billion yen. ...

Homeowner
housing

Fannie Mae Poised to Repay Bailout

Fannie Mae posted net income of $6.5 billion in its eighth straight profitable quarter, and will have repaid its federal bailout after paying its fourth-quarter dividend to the U.S. Treasury.

Retirement Finance

Detroit Plan Bodes Ill for Calif. Pensions

Detroit proposed slashing retirement benefits by up to 34 percent in a plan unveiled Friday to get it out of bankruptcy, giving rise to significant implications for public pensions in California.

General Finance

FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal

The Federal Deposit Insurance Corp. alleges that 16 U.S. banks made money for themselves, and ruined other banks, by manipulating international interest rates.

College Finance
money and diploma

Feds Make Billions on Student Loans

The federal government will continue to reap profits from student loans till at least 2024, a new Congressional Budget Office study says.