Top

Tag: Fed


Regulations

Puerto Rican bank sues Fed for $150M in damages

March 5, 2024

Via: Banking Dive

Banco San Juan Internacional filed an amended lawsuit Thursday, seeking damages exceeding $150 million from the Federal Reserve Bank of New York and the Fed’s board of governors. The complaint, filed in the U.S. District Court for the Southern District […]


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 […]


Capital and Risk, Liquidity

US Dollar on Cusp of Breaking Down, Key Levels to Watch in Final Days of 2023

December 27, 2023

Via: DailyFX

The U.S. dollar, as measured by the DXY index, plunged to its weakest point in five months on Wednesday (DXY: -0.55% to 100.98), pressured by a substantial drop in Treasury rates, with the 2-year yield sinking below 4.26%, its lowest […]


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 […]


Capital and Risk, Liquidity

Gold (XAU/USD) Slips Lower After Fed Powell’s Warning, UST 30-Year Bond Sale Flop

November 10, 2023

Via: DailyFX

Federal Reserve Chair Jerome Powell sent risk markets spinning lower, and bond yields higher after he said that the US central bank was not confident that the current monetary policy was restrictive enough to bring inflation down to target (2%). […]


News

Visa leans into CFPB proposal

October 25, 2023

Via: Payments Dive

Visa, the largest U.S. card network, regularly faces challenges to its business in the regulatory realm. Therefore, it’s a rarity to hear the company’s CEO complimenting a CFPB action. In this case, he was commenting on open banking, a trend […]


Regulations

Fed, OCC should probe Wells Fargo’s response to union efforts: Brown

October 5, 2023

Via: Banking Dive

Senate Banking Committee Chair Sherrod Brown, D-OH, is asking the Federal Reserve and Office of the Comptroller of the Currency to investigate allegations of labor abuse by Wells Fargo, in opposition to efforts by the bank’s employees to unionize. “Regulators […]


Regulations

Fed scrutiny failed to match SVB’s growth: Fed inspector general

September 29, 2023

Via: Banking Dive

The Federal Reserve’s internal watchdog said the central bank’s supervision of Silicon Valley Bank did not keep pace with the firm’s growth and increased complexity before it collapsed in March, according to a report released on Thursday. “With the benefit […]


Capital and Risk, Liquidity

Gold Price Extend Losses in the Aftermath of the Fed, XAU/USD Upside Bets Grow

September 22, 2023

Via: DailyFX

Gold prices fell about -0.6 percent over the past 24 hours as financial markets continued digesting the aftermath and implications of the Federal Reserve interest rate decision. In response, retail traders have increased bullish exposure in the precious metal. This […]


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

Fed fines UBS $268.5M over Credit Suisse’s Archegos ties

July 24, 2023

Via: Banking Dive

The Federal Reserve fined UBS $268.5 million in connection with “unsafe and unsound counterparty credit risk management practices” between Credit Suisse — the bank UBS recently acquired — and defunct investment fund Archegos, according to a consent order announced Monday. […]


Regulations

Fed publishes master account list

June 20, 2023

Via: Banking Dive

The Fed’s publication of the database follows a federal mandate that the central bank create and “maintain a public, online and searchable database” of entities that have, or that are requesting, account and service access. Former Sen. Pat Toomey, R-PA, […]


Capital and Risk, Liquidity

AUD/USD Price Forecast: Aussie Sinks on Lackluster RBA and Chinese Rates

June 20, 2023

Via: DailyFX

The Australian dollar is on offer this morning against the US dollar even though the greenback remains relatively flat as measured by the DXY index. The selloff stemmed initially from concerns around the Chinese economy as the PBoC cut both […]


Capital and Risk, Liquidity

GBP/USD Up, Below Recent Highs As Markets Look To Fed

June 12, 2023

Via: DailyFX

The British Pound made gains on the United States Dollar on Monday as a week packed with central-bank interest-rate decisions kicked off. We’ll hear from the European Central Bank and the Bank of Japan but, of course, the US Federal […]


Capital and Risk, Liquidity

USD Price Forecast: Dollar Index (DXY) Bid on Fed Speak

April 21, 2023

Via: DailyFX

The Dollar Index (DXY) has managed to trade marginally higher this Friday morning as we enter the European session. In what has been a muted Asian session, the greenback has found support from hawkish Fed speak last night. The Fed’s […]


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 […]


Capital and Risk, Macroeconomic

Senate Banking Republicans warn Fed not to go too far in capital review

March 3, 2023

Via: American Banker

Republicans on the Senate Banking Committee are keeping a watchful eye on the Federal Reserve’s ongoing review of bank capital requirements. Sen. Tim Scott, R-S.C., the ranking member on the committee, sent a letter to Fed Chair Jerome Powell on […]


Capital and Risk, Liquidity

Gold Price (XAU/USD) Edgy as Short-Dated US Yields Rise Ahead of Fed Speech

November 30, 2022

Via: DailyFX

The latter half of this week is set to boost market volatility with high-importance events and data releases scheduled over the next three days. Later today, Fed chair Jerome Powell will give a speech to the Brookings Institute on The […]


Capital and Risk, Liquidity

Gold Price Forecast: XAU/USD Extends Drawback Ahead of FOMC

November 21, 2022

Via: DailyFX

Gold is tracking lower this morning on the back of a stronger USD stemming from the build up of relatively hawkish comments from Fed speakers. Although some reiterated the moderation of interest rate hikes going forward, the expectation remains aggressive […]


Capital and Risk, Liquidity

Gold Price Forecast: XAU/USD Back Below $1700 on Fed Rate Hike Expectations

September 15, 2022

Via: DailyFX

XAU/USD FUNDAMENTAL BACKDROP Gold looks to test July swing lows today after yesterday’s U.S. inflation ‘hangover effect’ seems to have dissipated. The U.S. dollar is bid once more weighing negatively on bullion due to renewed market anticipation of a large […]