bank president

The U.S. debt situation is at a "tipping point," Dallas Federal Reserve Bank President Richard Fisher said on Tuesday, and urged the U.S. central bank to refrain from any further stimulus measures.

President Barack Obama on Thursday plans to name San Francisco Federal Reserve Bank President Janet Yellen to be vice chairman of the U.S. central bank and two others to fill Fed board vacancies, sources familiar with the process said on Wednesday.

Argentina's Central Bank chief resigned Friday, saying he could do no more to protect the nominally independent institution from the president's efforts to control its dollar reserves.

European stock markets rose Friday despite a drop in Asia as investors recouped some of the previous day's hefty losses ahead of a key speech from European Central Bank president Jean-Claude Trichet.

New York Federal Reserve Bank President William Dudley said it is too early to talk about curtailing the central bank's long-term security purchases while the U.S. economic recovery is fragile.

President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday — making the state the largest player in the nation's banking system.