The Justice Department’s criminal inquiry into the Federal Reserve threatens to delay the confirmation of the next chair.
Category: Banking and Financial Institutions
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Bessent Questions the Cause of Climate Change and Its Economic Toll
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
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J.P. Morgan Sees Resiliency in U.S. Economy Despite Iran War
The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
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Goldman Sachs Earnings Show Effects of Iran War
It will be a tricky earnings season, as the investment banking giant became the first to show on Monday.
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Banks Warned About Anthropic’s New, Powerful A.I. Technology
In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial intelligence.
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Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
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I.M.F. Says Iran War Will Drag Global Growth Lower
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children
The new tax-sheltered savings and investment accounts will start accepting deposits this summer.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.