Speculation escalates as rates roil markets coin volatility
Volatile interest rates ripple through stocks commodities and currencies as traders brace for higher costs and slower growth. Economists warn the Fed shocks and a secret shift away from the Fed funds rate destabilize markets, with prime lending up to 21.5 percent and money supply targets under scrutiny.
MENTIONED IN THIS ARTICLE
Wall Street
Federal Reserve Board
White House
New York
Chicago
Fed
Jones
Stop-payment fee barred for Michigan banks
Michigan Attorney General Frank Kelley ruled that state chartered banks cannot charge a stop payment fee of about $9 per check. The ruling, effective immediately, aims to protect customers’ right to stop payment and is enforceable by the Financial Institutions Bureau. Bankers say the fee covers record keeping, but Kelley calls it a burden on customers under the Uniform Commercial Code.
MENTIONED IN THIS ARTICLE
Lansing
Mich
Frank Kelley
Robert Janni
Alway
Kelley
Janni
Financial Institutions Bureau
State Department of Commerce
Michigan
Don Heikkinen
AT&T faces briefs on antitrust settlement interpretation
A New Jersey federal judge ordered opponents of AT&T to file written briefs on whether the 1956 antitrust settlement permits AT&T to enter new computer and data service markets. The judge reserved ruling on delaying the issue while the justice department’s antitrust suit proceeds.
MENTIONED IN THIS ARTICLE
Newark
N.J
American Telephone & Telegraph Co
U.S
Vincent P. Bianno
At&t
Justice Department
Washington
Bianno
Federal Communications Commission
Bell System
Harold Levy
FCC
Gregory Hovendon
Levy
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amTay
York
Garich Goody
MeGret McLean Merce
Merrily Mahi
Cors
Monasco Moral
Crane Csk Co Darter
Mheedus
Hiltons
Mary
Cate
Exxon
Tel Pecos
Faberge Foren
Gite
Mee Ney
Eeers
la“ Iu As
RCA
Fier
Verane
Boston Cincionary Gnaso
Pacific
Philadelphia
Capitali
Wren
NASO
Acort
Wee Suerer
Teletion
Imorce
Mit
Wwi
Nadie
Sam JF Oyen Natam
Na & A
Atte
Norton
Oni
By Steven P. Rosenfeld
Edy
David Jones
Aubrey G. Lanston & Co
United States
Tne Amway Ane Menegrtan Fund
Ee Progrems Dyn Ozonl
Ind
Agony Inc
Ornl Lewestors
Unis
Amore Fasmra
Fron
Pitor
Arma
Iuan
Ats
Lancom
Sen
Corry
Reyes
Ton
Ata Leva
Sein mm Unun
Wales
Panne
U Tren
Uas
Jacom
Georg
Seligman Ores
Wange
Antsy Nous
Wwe
Michigan Bankers Association
Association
Associated Press
Heikkinen
John Ingle
Hovendon
Telegraph
American Newspaper Publishers Association
the Association
Carlton Press, Inc
Midland
Maibe
Alan F. Pater
Beverly Drive
Beverly Hills
California
Radio Shack
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