Minutes from Kevin M. Warsh’s first meeting as chairman revealed the extent of divisions at the central bank about the path for interest rates.
Category: Banking and Financial Institutions
-
Why Some Banks Still Charge High Overdraft Fees
Congress scrapped a rule last year that capped how much banks could charge if you spent more than was in your account. Now, banks’ revenue from the fees is rising.
-
Private Credit Can’t Stop the ‘Freak Out’
On Thursday, Blue Owl reported another quarter of double-digit investor withdrawal requests from some of its private credit funds.
-
What Private Credit Is, and Why Investors Are So Worried About It
Some say the industry expanded too quickly and extended loans to companies that won’t be able to pay them back.
-
Fed’s Warsh Says Inflation Poses Less Risk Than a Few Weeks Ago
The Federal Reserve chairman, Kevin Warsh, stressed that the central bank would “deliver price stability,” a point he has emphasized repeatedly since taking over in May.
-
Trump Renews Threat to Fire Fed Governor in Wake of Court Loss
The president promised to “take appropriate action immediately” against Lisa D. Cook, a Fed governor.
-
Leon Black Decries ‘Vicious Narratives’ About His Relationship With Epstein
In prepared testimony before a House committee, Mr. Black said he had never sexually abused women and defended the hefty fees he had paid Jeffrey Epstein for tax and estate advice.
-
Still Sending Checks in the Mail? Stop, Experts Say
If you must, keep an eye on your account statements, experts say. Thieves steal checks from mailboxes, then alter the checks with fraudulent names.
-
Marianne Lake, a Potential Dimon Successor, Leaves JPMorgan
Another potential successor, Marianne Lake, is leaving JPMorgan, as the longstanding chief executive enters his third decade atop the bank.
-
In Alan Greenspan, Kevin Warsh Saw a Fed Chairman Role Model
Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.
-
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
-
With Deals Booming and Regulations Lightened, Bankers Are Back on Top
They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.