CSBJ Daily

The Associated Press
The Federal Reserve announced today that it is ramping up efforts to provide more relief to cash-strapped financial institutions, a coordinated action with other central banks aimed at easing a global credit crisis that threatens to push the U.S. economy into its first recession since 2001.
The Fed said […]

Dow Jones Indexes and Transparent Value, LLC announced today the launch of the Dow Jones Required Business Performance Index series.
The new Large-Cap 130/30 Indexes use the RBP probability metrics to create investment strategy indexes based on U.S. large-cap stocks. The new indexes measure the likelihood that a company can deliver the […]

The Associated Press
WASHINGTON– The Federal Reserve said Friday it is taking bigger steps to ease the nation’s credit crisis, including increasing the amount of money it will auction to banks this month to $100 billion.
The Federal Reserve said it will raise its planned March 10 and March 24 auctions to […]

A number of bogus bank sites are popping up on the Web, seeking to steal identity information.
Representatives from BauerFinancial Inc. say consumers can visit their Web site to confirm a bank’s legitimacy or call the Federal Deposit Insurance Corporation at (877) 275-3342.
For credit union verification, visit the National Credit Union Administration.
Experts […]

The Associated Press
WASHINGTON _ A penny for your thoughts? Treasury Secretary Henry Paulson thinks the answer to that question should be not much. In fact, if he had his way, he would like to get rid of the penny.
Asked Friday whether he thought the penny should be eliminated, Paulson agreed that it […]

Both supply and demand for commercial real estate loans, a source of funds for office, retail, warehouse and hotel construction, appear to be shrinking. That opinion, from a February Commercial Mortgage Alert, and shared by many in the construction industry, is based on the results of a January Federal Reserve Senior […]

The Dow Jones VentureSource reports that venture capitalists invested $928 million via 80 deals in entrepreneurial companies in India, during 2007.
The figure represents a 166 percent increase over 2006, this is the highest total on record for the region.
“Service-oriented companies in India continue to attract investment and this is likely […]

The Associated Press
Visa might raise as much as $17 billion in what would be the biggest U.S. initial public offering as the largest credit-card network tries to replicate the success of MasterCard, which has quintupled since its initial offering two years ago.
Visa plans to sell 406 million Class A shares for […]

It was bound to happen. In light of contracting trends in the credit industry mortgage lenders are “disappearing from the ranks of the biggest Internet advertisers,” Mortgage Daily.com reported this week.

At the same time, spending by some mortgage lead generators and their parent companies remained strong.
Nielsen Online’s Top 10 Advertisers by […]

With 77 million baby boomers headed for retirement, nearly every facet of corporate pension plans will be subject to analysis and change.
That’s the result of discussions from the recent “Pensions and Retirement Conference” held by The Conference Board.
The decline in defined benefit plans and the rise in defined contribution plans – […]