Policy makers are “navigating by the stars” in their efforts to manage interest rates and jobs growth, the chairman of the Federal Reserve Board said Friday, but gradually raising interest rates remains the most likely […]
An extended, 18-month examination cycle will apply to more banks under joint interim final rules issued Thursday by federal banking regulators and set to take effect upon publication in the Federal Register. The rules implement […]
A 2015 enforcement action with an Alabama bank holding company has been terminated, the Federal Reserve said Thursday. The three-year-old action was officially terminated Aug. 7. Under the enforcement action, Covenant Bancgroup, Inc., of Leeds, […]
Limited consumer concerns based on gender-related pricing differences – termed a “pink tax” – were identified by the federal consumer financial protection agency and two other federal, non-financial regulatory agencies, a new report released Thursday […]
FDIC Chairman Jelena McWilliams on Thursday indicated it’s possible that the banking industry may receive more time to submit their comments on a proposal to revamp the Volcker Rule, created in 2013 to prohibit proprietary […]
Banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) saw second-quarter net income rise 25.1 percent over the same period last year, and margins remained strong, according to data released by the […]
Making better decisions with input from a wide range of backgrounds and voices around the table is the ultimate aim of an “exploring careers through economics” event for high school and college students in October […]
The nomination of the next director of the federal consumer financial protection agency was recommended favorably, narrowly and along partisan lines (and after withering criticism by Democrats) by a Senate committee Thursday. The next step […]
Ensuring the continued health and viability of minority depository institutions and other topics of concern are slated for discussion Sept. 18 during an open meeting of the Minority Depository Institutions Advisory Committee (MDIAC) of the […]
Three federal banking regulatory agencies on Wednesday issued an interim final rule, along with a request for comments, that amends the liquidity coverage ratio (LCR) rule to treat liquid and readily marketable, investment-grade municipal obligations […]
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