The Federal Reserve said yesterday that its stress test for big banks will imagine a rapid increase in unemployment, as it announced the details of the hypothetical scenario that banks must survive to pass the latest round of the exams, the Wall Street Journal reported. The Fed’s latest “severely adverse” scenario...

The Federal Reserve said yesterday that a growing number of banks reported tightening their standards for some loans in the fourth quarter and said they expected loan demand and performance to weaken, the Wall Street Journal reported. After a year in which banks continued to lend freely despite steadily rising interest rates, the...

The U.S. Supreme Court has been asked to review the ruling that could end Jefferson County, Alabama’s long-running bankruptcy appeal, Bond Buyer reported. Attorney Calvin Grigsby said on Tuesday that he’d filed for a writ of certiorari seeking to have the Supreme Court review the August appellate decision that ended his...