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Richmond Fed president Tom Barkin said Tuesday that he wants to keep interest rates "modestly restrictive" until he gains more confidence inflation is returning to the central bank's 2% goal ...
Dimon on Monday also had some more to say about another topic he covered during the Feb. 12 town hall: the bank’s diversity, equity, and inclusion (DEI) policies. He told workers at the event ...
The leading Democrat on the Senate Banking Committee this week sent a 27-page letter to Stephen Miran, Trump's nominee to chair the Council of Economic Advisers, asking him to clarify his ...
Its share price plunged 25% on the news and UBS stepped in to buy the bank. Axel Lehmann, former chairman of the bank, later sought to blame the American bank failures for triggering Credit Suisse's demise, though other analysts disputed that characterization. The bank had experienced many years of multi-billion dollar losses, scandals ...
Rates for six-month CDs can outpace the average bank account, ... Producer Price Index News Release summary, U.S. Bureau of Labor and Statistics. Accessed February 14, 2025.
The U.S. Consumer Financial Protection Bureau, which President Donald Trump has moved to abolish, told a court on Friday it was dropping a lawsuit against the online lending platform Solo Funds ...
On March 12, 2023, Signature Bank was also closed, being taken into possession by the New York State Department of Financial Services. [141] [142] Following the bank failures, the Federal Reserve announced the creation of a Bank Term Funding Program to shore up liquidity for other at-risk banks. [143] [144]
The newspaper and website's coverage is primarily the financial services industry in Europe, UK-focused. It publishes major weekly news and opinion on investment banking, asset management, private equity, fintech, trading and regulation, and information on key personnel moves, recruitment and employment trends, regulation regarding pay, business education, and diversity.