by Lingjiao Mo | Aug 28, 2014 | Business & Tech
WASHINGTON — Attracted by a burgeoning young middle class and the growth of consumer-driven industries in sub-Saharan Africa, many private equity firms are trying to make a bigger footprint on this fast-growing market. An Ernest & Young report showed that...
by Lingjiao Mo | Aug 27, 2014 | Data Projects
The financial crisis in 2008 marked the beginning of a catastrophe for the banking industry in the U.S. In the wake of Lehman Brothers’ collapse, many financial institutions faced the fate of closure because of the purchase of toxic assets such as mortgage-backed...
by Lingjiao Mo | Aug 12, 2014 | Business & Tech
Washington — The number of bank failures is slowing down due to the improving economy and rising property values, but the industry is still not back to pre-crash levels and future growth remains uncertain. Only 14 banks failed in the first half of this year,...
by Lingjiao Mo | Jul 30, 2014 | Business & Tech
Washington — The Federal Reserve Wednesday scaled back its monthly bond-buying program to $25 billion for the sixth consecutive time since December based on stronger economic growth in the second quarter. The economy has rebounded with an improving labor market, the...
by Lingjiao Mo | Jul 23, 2014 | Business & Tech, Topics
WASHINGTON — Former Rep. Barney Frank insisted Wednesday that the Wall Street reform law he co-authored offers a way to end government bailouts, but Republican critics still say it fails to resolve the problem of “too big to fail.” “The Dodd-Frank Act is clear:...
