March 5, 2024
Via: Banking DiveBanco 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 […]
January 16, 2024
Via: Banking DiveThe 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 […]
December 27, 2023
Via: DailyFXThe 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 […]
December 13, 2023
Via: DailyFXThe 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 […]
November 10, 2023
Via: DailyFXFederal 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%). […]
October 25, 2023
Via: Payments DiveVisa, 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 […]
October 5, 2023
Via: Banking DiveSenate 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 […]
September 29, 2023
Via: Banking DiveThe 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 […]
September 22, 2023
Via: DailyFXGold 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
August 1, 2023
Via: Banking DiveBanks 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 […]
July 24, 2023
Via: Banking DiveThe 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. […]
June 20, 2023
Via: Banking DiveThe 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, […]
June 20, 2023
Via: DailyFXThe 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 […]
June 12, 2023
Via: DailyFXThe 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 […]
April 21, 2023
Via: DailyFXThe 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 […]
March 22, 2023
Via: DailyFXCrude 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
March 3, 2023
Via: American BankerRepublicans 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 […]
November 30, 2022
Via: DailyFXThe 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 […]
November 21, 2022
Via: DailyFXGold 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 […]
September 15, 2022
Via: DailyFXXAU/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 […]