The Federal Reserve is set to hold interest rates steady this week as officials grapple with a host of new economic risks stemming from the conflict in the Middle East.
Category: Banking and Financial Institutions
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Justice Dept. Legal Threat Complicates Trump’s Pick for Fed Chair
An investigation of the Federal Reserve was thwarted on Friday, but a department appeal could reimpose an obstacle in Kevin Warsh’s path.
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Fears of ‘Cockroaches’ in the Private Credit Market
Wall Street figures are turning to colorful metaphors, including invoking the hated insect, to express caution about the $3 trillion risky-lending market.
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Consumer Prices Rose in January, Before Iran War Added Price Pressures
The Federal Reserve’s preferred gauge for inflation increased 2.8 percent annually and economists expect another bump in prices in the near-term.
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Banking Regulators Plan to Ease Some Capital Requirements
The Federal Reserve and other financial regulators will soon release proposals to loosen some planned rules on how much capital banks must hold in reserve to mitigate risks.
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Karen Petrou, Influential Fiscal Policy Analyst and Critic, Dies at 72
Her insights on financial regulations and monetary policy guided big banks and Washington policymakers.
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U.S. Reaches Tentative Deal Ending Prosecution of Turkish Bank
Court papers submitted as part of the agreement with Halkbank, which was accused of doing business with Iranian entities, said Turkey’s assistance “was instrumental” in the Israel-Hamas cease-fire.
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Wall Street Faces Its Biggest Crisis of Confidence in Years
Lending troubles at Blue Owl Capital and other so-called private credit behemoths are setting off fears of a “bank run,” as one hedge fund put it.
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MrBeast Is Getting Into Financial Services With His Step App. Parents, Pay Attention.
Beast Industries has acquired a banklike app for young people and could eventually offer a variety of financial services, including crypto.
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Stock Market Investors Brace for Iran War Fallout
Wall Street has largely shrugged off geopolitical upheaval in recent years. But the United States’ war against Iran comes at a more precarious time for the stock market.
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Banks Are Becoming Bulwarks for Vulnerable Seniors
Older Americans are losing billions of dollars annually to financial exploitation. Banks and investment firms are training employees to spot red flags and stop the transactions.