Lawyers

• The Fed Should Strengthen Safeguard of Economic Data Said the Watchdog

  Office of Inspector General stated in its audit report that the Fed to further improve its safeguard of economic data. Particularly the information it provides to news outlet.

• Federal Reserve corrects "living will" letter to Morgan Stanley

  The Federal Reserve corrects a letter it sent to Morgan Stanley regarding its "living will," which is a plan showing to regulators that they can go through bankcruptcy without cost to taxpayers.

• Federal regulators probe Wall Street Journal 'living wills' story

  The Federal Reserve and Federal Deposit Insurance Corporation are now probing how the Wall Street Journal was able to report that the two agencies were giving failing grades to some U.S. banks' "living wills" the day before the regulators officially announced their determinations.

• Regulators Want Revisions on 'Living Wills’ of Five Big U.S. Banks

  The Federal Reserve and the Federal Deposit Insurance Corp. wants significant revisions on the living wills of United State's five biggest banks. These revisions will prevent taxpayers from carrying the burden in case of bankruptcy.

• Legal issues could be resolved for Federal Reserve to set negative interest rates, Janet Yellen says

  Federal Reserve Chairwoman Janet Yellen said it is possible to set negative interest rates after some legal issues were resolved. Setting negative interest rates were adopted by economies to stimulate market movement.

• Lawsuit accuses 22 banks of manipulating U.S. Treasury auctions

  Twenty-two financial companies that have served as primary dealers of U.S. Treasury securities were sued in federal court on Thursday, in what was described as the first nationwide class action alleging a conspiracy to manipulate Treasury auctions that harmed both investors and borrowers.

• U.S. military drills stoke politics of suspicion in Texas

  To hear the conspiracy theorists tell it, a labyrinth of tunnels is being built under Walmart stores for military attacks on civilians, and an orchestrated financial crisis will lead to martial law, U.S. troops patrolling chaotic streets, and a dictatorship under President Barack Obama.

• Judge rules for ex-AIG CEO Greenberg over 2008 bailout, but no damages

  A U.S. judge on Monday awarded no damages to American International Group Inc (AIG.N) shareholders led by former CEO Maurice "Hank" Greenberg in their lawsuit against the U.S. government, despite finding that the U.S. Federal Reserve exceeded its authority in the insurer's 2008 bailout.

• Congressman says criminal probe opened into 2012 Fed leak

  The Federal Reserve's inspector general has reopened a 2012 case involving leaked information from the central bank and a criminal investigation is pending, according to a letter sent to the Fed by a U.S. Congressman.

• Tougher test awaits Deutsche Bank after clearing first Fed check

  Deutsche Bank (DBKGn.DE) AG has passed the first "stress test" set by U.S. regulators but is unlikely to clear the next hurdle as the German bank struggles to tighten compliance fast enough to appease controllers at the Federal Reserve.

• Confusion over leveraged loans despite regulators' insight

  Regulators' attempts to clarify U.S. leveraged lending guidelines have answered some questions raised by banks, but also added fresh layers of complexity into loan underwriting decisions, banking sources said.

• U.S. regulators to join UK in forex fines for banks

  U.S. regulators plan to join their UK peers in a multi-billion-dollar settlement with a group of the biggest global banks accused of manipulating the foreign exchange market, sources familiar with the matter said, adding the deal could come as early as next week.

• U.S. student debt burden falling more on top earners, easing bubble fears

  Young Americans with big college debts are often portrayed as struggling to pay their bills. The reality is somewhat different - those owing super-sized student loans tend to be higher paid.

• Brooklyn prosecutor emerges as a top candidate to lead U.S. Justice Department

  Loretta Lynch, the head federal prosecutor in Brooklyn, is emerging as a leading candidate to replace U.S. Attorney General Eric Holder, according to people familiar with the matter, after another top contender withdrew her name from the running last week.

• Six years after AIG bailout, trial asks: was it legal?

  One of the more unusual trials to come out of the 2008 financial crisis is set to begin on Monday, when a federal judge will consider whether the U.S. government's rescue of American International Group Inc (AIG.N) was, in fact, legal.

• Payday seek legal action against US regulators over Operation Choke Point

  According to the Community Financial Services Association of America in a complaint filed yesterday in a Washington federal court, the regulators have been using the anti-fraud initiative called Operation Choke Point to pressure them out of the business.

• New $100 Bills: U.S. Federal Reserve Introduces & Circulates Freshly Designed Currency To 9,000 Banks (Video)

  The new $100 bill made its debut on Tuesday several years after it was scheduled to be released, reported CNNMoney.com. The Federal Reserve had previously announced that a problem with the currency's new security measures caused the bills to crease during printing, leaving blank spaces on them

• New $100 Bills: Printing Error Causes Up to $1 Billion Worth of Currency Tossed Away; Still Will Debut in October (Video)

  The Federal Reserve is throwing away as much as $3 billion of the new $100 after a printer error rendered them unusable. The new $100 bills were supposed to debut two years ago, but have been delayed due to continuing problems with printing