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Tag: Federal Reserve


Regulations

Morgan Stanley AML probe draws SEC, OCC, Treasury focus: report

April 12, 2024

Via: Banking Dive

Multiple U.S. regulators have joined the probe into Morgan Stanley’s efforts to prevent potential money laundering by its wealth clients, according to a report from The Wall Street Journal. The Securities and Exchange Commission, the Office of the Comptroller of […]


Regulations

Green Dot receives proposed consent order from US Federal Reserve

February 29, 2024

Via: FinTech Futures

In its recently published Q4 and full year financial results for 2023, Green Dot states that the matters addressed in the proposed consent order “relate to activities and practices that commenced prior to the company’s Chief Executive Officer transition in […]


News

The banking industry outlook on 2024: The year of wait-and-see

January 30, 2024

Via: Banking Dive

2023 brought the most contentious proposed regulation in years: a revamp that would require the U.S.’s biggest banks to hold roughly 19% more capital than they do now. Lawmakers and trade groups opposed to the rule first attacked it on […]


Capital and Risk, Operational

FedNow draws some banks, as others lag

January 19, 2024

Via: Banking Dive

The Federal Reserve has made headway in adding banks to its new FedNow system, with a tally of 400 participating financial institutions, but some of the biggest U.S. banks are still on the sidelines six months after the instant payments […]


Regulations

Fed bans ex-banker, fines 3 others over data handling

January 16, 2024

Via: Banking Dive

The Federal Reserve Board last week banned a former banker from future work in the industry and issued enforcement actions against three others over their mishandling of sensitive information, according to a Thursday press release from the central bank. John […]


Regulations

The Collapse of Central Bank Forward Guidance

December 28, 2023

Via: DailyFX

2023 was a year that lessened the stature of central bank forward guidance. Forward guidance is a tool used by central banks to communicate monetary policy projections. Historically, markets viewed this messaging in high regard as it often tied into […]


Capital and Risk, Trading

Strength Seen in U.S. Bancorp (USB): Can Its 6.7% Jump Turn into More Strength?

December 15, 2023

Via: Yahoo

U.S. Bancorp USB shares soared 6.7% in the last trading session to close at $45.33. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 14.3% gain […]


Capital and Risk, Liquidity

Gold Struggles to Find Support Ahead of Eagerly Awaited FOMC Decision

December 13, 2023

Via: DailyFX

The Federal Reserve is expected to leave interest rates untouched for the third meeting in a row later today as inflation in the US continues to fall. Chair Powell has remained adamant that the US central bank would hike rates […]


Regulations

The US Federal Reserve proposes new single cap on interchange fees

October 31, 2023

Via: FinTech Futures

The proposals specifically seek to determine whether interchange fees for processing a transaction are “reasonable and proportional to certain issuer costs”. It forms the most significant update to the cap since the Reserve first implemented restrictions on debit card issuers […]


Capital and Risk, Channels, Operational

Fed’s Waller pushes back on criticism of FedNow’s adoption rate

October 11, 2023

Via: Payments Dive

Participation in the Federal Reserve’s real-time payment settlement service, FedNow, has expanded from an initial group of 50 banks and credit unions to more than 100, Fed Gov. Christopher Waller said Friday at a payments conference held by the Brookings […]


Channels

Why Banks Aren’t Rushing to Instant Payments

September 25, 2023

Via: Bank Director

Instant payments are here and many banks aren’t ready. The launch of FedNow from the Federal Reserve is a catalyst that could reshape payments in the United States. But faster payments have yet to penetrate the majority of banks. Only […]


Capital and Risk, Liquidity

Japanese Yen Forecast: A Big Week Ahead for USD/JPY Traders

September 18, 2023

Via: DailyFX

The Federal Reserve (Fed) and the Bank of Japan (BoJ) will both announce their latest monetary policy decision this week – Wednesday and Friday respectively – with both central banks expected to leave interest rates untouched. Both decisions however have […]


Capital and Risk, Credit, Regulations

Banks plan to tighten credit: Fed

August 1, 2023

Via: Banking Dive

Banks have tightened lending standards as the Fed, beginning in March 2022, raised interest rates 11 times — the most aggressive pace in four decades. Policymakers, aiming to curb inflation to the central bank’s 2% target, increased the federal funds […]


Regulations

Bank trade groups seek more transparent Fed stress tests

July 27, 2023

Via: Banking Dive

The Bank Policy Institute and American Bankers Association submitted a petition this week to the Federal Reserve to consider a rulemaking process and seek public comments on its annual scenarios used to determine stress capital buffer requirements. In a letter […]


Regulations

Bank failures signal need for stronger supervision, regulation: Powell

June 29, 2023

Via: Banking Dive

Federal Reserve Chair Jerome Powell stressed the importance of strong capital buffers for a resilient banking system, as evident from the failures of Silicon Valley Bank and two other midsize banks in March and May. While speaking Thursday at an […]


Channels

Why Blockchain Is Redefining Payments for Midsize, Community Banks

May 17, 2023

Via: Bank Director

In the weeks following Silicon Valley Bank’s downfall, the 25 largest U.S. banks experienced a $120 billion increase in deposits, according to the Federal Reserve. Meanwhile, the nation’s midsize and community banks saw deposits fall by over $108 billion during […]


News

What Silicon Valley Bank’s Failure Means for Incentive Compensation

May 15, 2023

Via: Bank Director

The day Silicon Valley Bank failed on March 10, the bank paid out millions in bonuses to senior executives for its 2022 performance, according to the Federal Reserve’s April postmortem analysis and the bank’s proxy statement. Those bonuses were paid […]


Channels

The future is FedNow: how the new RTP service is aiming to future-proof US payments

April 26, 2023

Via: FinTech Futures

But when it comes to payments, the US has been lagging compared to its peers in Europe, Africa and Asia. Whether it’s contactless payments, UPI, open banking, PayNow or NITMX, nations across the world are racing ahead when it comes […]


News

The Fed Is Bankrupt

April 18, 2023

Via: CNSNews.com

Federal Reserve Chair Jerome Powell recently testified before Congress on the current state of the US economy. In addition to monetary policy, Powell was questioned about the Fed’s regulatory proposals regarding cryptocurrencies and climate-related financial risks. Barely mentioned, however, was […]


Capital and Risk, Liquidity

US Crude Oil Knocked Back By Shock Inventory Build As Fed Looms

March 22, 2023

Via: DailyFX

Crude oil markets are trading cautiously like most others on Wednesday in Europe as investors await the United States Federal Reserve’s March monetary policy decision, due later in the global day. On a more market-specific note, a shock rise in […]