Tag: Fed


Three US cash trends persist, Fed report says

May 16, 2022

Via: Payments Dive

The Fed’s cash diary survey is conducted annually to collect data on U.S. consumer shopping and payment behaviors, with supplemental surveys added in the past two years to chart the impact of the COVID-19 pandemic. The report issued this month […]


Senate confirms Jefferson to Fed board in 91-7 vote

May 12, 2022

Via: Banking Dive

With Wednesday’s confirmation, Jefferson begins a term at the central bank that runs until 2036 and becomes the fourth Black man to serve on the Fed board. “Dr. Jefferson is one of the country’s leading thinkers on the economics of […]


Drama over Fed nominee Cook overshadows Brainard confirmation

April 27, 2022

Via: Banking Dive

The Senate on Tuesday confirmed Federal Reserve Gov. Lael Brainard, by a 52-43 vote, to serve as the central bank’s vice chair. Then the drama unfolded. Democrats had initially planned to push ahead with a vote on fellow Fed nominee […]


Bank trade groups want more clarity on Fed master accounts

April 25, 2022

Via: Banking Dive

Republican senators raised the issue of transparency and ethics with regard to master account approval at the Fed during the nomination process for Sarah Bloom Raskin, a former candidate to serve as the central bank’s vice chair for supervision. Sen. […]

Activity, Corporate Banking

JPMorgan Chase sees 42% drop in Q1 profit

April 13, 2022

Via: Banking Dive

Double-digit percentage-point declines littered the first-quarter earnings report for the nation’s largest bank Wednesday. Rising interest rates sent home loan originations down 37% and auto loan originations down 25%. That contributed to a 57% drop in profit in JPMorgan’s consumer […]

Capital and Risk, Macroeconomic

‘Significant slowdown in economic growth’ looms, strategist says

April 8, 2022

Via: Yahoo

Indexes extended their losses on Thursday as markets digested the latest Fed minutes, where Federal Reserve officials “generally agreed” to cut up to $95 billion a month from the central bank’s balance sheet to combat surging prices. In light of […]


M&T, People’s United delay merger timeline as Citizens winds up HSBC deal

February 22, 2022

Via: Banking Dive

Buffalo, New York-based M&T Bank and Bridgeport, Connecticut-based People’s United Financial are extending the deadline to complete their merger until June 1, the banks announced Friday. The $7.6 billion deal, announced in February 2021, carried an initial cutoff date of […]


Senate Banking Republicans double down on boycott of Fed nominees

February 17, 2022

Via: American Banker

Republican members of the Senate Banking Committee defended their boycott of a vote on five Federal Reserve Board nominations, saying that nominee Sarah Bloom Raskin’s testimony about her work on behalf of the fintech company Reserve Trust was deceptive and […]


The Fed can’t seem to get a step ahead

February 11, 2022

Via: Banking Dive

New rules the Federal Reserve issued in October to clamp down on stock trading by board governors, regional presidents and senior staff seemed like a neat little bow to resolve a then-burgeoning scandal that, less than a month earlier, played […]

Capital and Risk, Macroeconomic

Central Bank Watch: Fed Speeches, Interest Rate Expectations Update; January Fed Meeting Preview

January 25, 2022

Via: DailyFX

In this edition of Central Bank Watch, we’ll review comments and speeches made by various Federal Reserve policymakers in the week ahead the communications blackout window around the January Fed meeting ended. The blackout started on Saturday, January 15, leaving […]