Tag: Federal Reserve

Activity, Investment Banking

Wells Fargo profits jump nearly sevenfold amid signs of economic recovery

April 14, 2021

Via: Banking Dive

The San Francisco-based lender expressed optimism that a bounce back of the American economy is starting to show results. “Our results for the quarter … reflected an improving U.S. economy, continued focus on our strategic priorities, and ongoing support for […]

Capital and Risk, Macroeconomic

Here’s where the Federal Reserve sees interest rates, the economy and inflation going

March 17, 2021


The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot-plot projections budged little, with most members still expecting to keep rates […]


Democrats’ Stimulus Bill Will Accustom Many Americans to Monthly Government Checks

March 8, 2021


The Senate on Saturday passed the Democrats’ $1.9 trillion stimulus bill without a single Republican vote. This week, the House plans to take up the Senate bill, to avoid further negotiations. White House Communications Director Kate Bedingfield, speaking to CNN’s […]

Activity, Capital and Risk, Corporate Banking, Credit

Credit unions top Fed survey of small-business lending satisfaction

February 5, 2021

Via: Banking Dive

The Fed’s annual survey, canvassing 15,000 businesses, gives another perspective on the effectiveness of pandemic-prompted relief programs. About 91% of respondents applied for emergency funding during the pandemic, the survey found. For 82%, that was the Paycheck Protection Program (PPP). […]

Capital and Risk, Liquidity

Fed’s Bostic sees possible interest rate hike as soon as the second half of next year

January 11, 2021


Interest rates could rise sooner than forecast as the economy recovers more quickly than expected from the throes of the Covid-19 damage, Atlanta Federal Reserve President Raphael Bostic said Monday. While most of his colleagues don’t see a rate hike […]


Fed allows banks to resume stock buybacks with limitations

December 21, 2020

Via: Banking Dive

None of the largest banks fell beneath their capital minimums under the Fed’s hypothetical stress scenarios, which assessed how banks are navigating the coronavirus pandemic, the central bank said. Due to the strong performance from banks in the second stress […]

Capital and Risk, Macroeconomic

Fed raises its economic outlook slightly, sees 4.2% growth next year and 5% unemployment rate

December 16, 2020


The Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday. The central bank now expects real gross domestic […]

Activity, Investment Banking

Is Today the Right Time to Buy U.S. Bancorp?

November 17, 2020

Via: Yahoo

It also generally means higher interest rates on loans, which is good for a bank’s bottom line. The United States has gone into recession, Federal Reserve-managed prime interest rates dropped to the 0%-0.25% range, and millions of people were losing […]

Capital and Risk, Macroeconomic

Joe Biden will have a long list of economic fixes to make: Experts say these are the top 3

November 11, 2020

Via: Aol

Economists and market analysts say that when President-elect Joe Biden takes the oath of office in January, he will inherit a battered economy. While most metrics of economic activity have risen from the record-shattering lows they hit in March and […]

Capital and Risk, Macroeconomic

As Washington delays stimulus, the Fed is running out of ways to help the economy

October 28, 2020


Federal Reserve officials have been pressing Congress to provide more fiscal help to the U.S. economy, and with good reason: The central bank is running out of ways it can help. Since the expiration of key provisions of the $2.2 […]