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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Prosecutors Make Surprise Visit to Fed as Pirro Defends Investigation
The New York Times – Business: -
Bessent Questions the Cause of Climate Change and Its Economic Toll
The New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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 York Times – Business: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
The New York Times – Business:In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.