Category: Banking and Financial Institutions

4 Takeaways From the Federal Reserve Meeting

The New York Times – Business:
Fed officials held interest rates steady, but they have splintered over how to fight inflation.
What to watch at the meeting.

The New York Times – Business:
Kevin M. Warsh, presiding over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
A Few Officials Signaled Support for Higher Rates at Warsh’s First Meeting

The New York Times – Business:
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.
Why Some Banks Still Charge High Overdraft Fees

The New York Times – Business:
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’

The New York Times – Business:
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

The New York Times – Business:
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 New York Times – Business:
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 New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
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

The New York Times – Business:
Kevin M. Warsh has long singled out Alan Greenspan, who died on Monday, as the central banker he wants to exemplify.