Banking and Financial Institutions – Page 74 – MOSAEC

New York Community Bank Raises $1 Billion in Emergency Cash

Banking and Financial Institutions Mnuchin, Steven T New York Community Bancorp Inc. Otting, Joseph M Private Equity Regulation and Deregulation of Industry

New York Community Bank Raises $1 Billion in Emergency Cash

Investors include Steven Mnuchin, who joined the board of the struggling midsize lender.

By Rob Copeland

Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet

Banking and Financial Institutions Federal Reserve System House Financial Services Committee Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H Prices (Fares, Fees and Rates) United States Economy

Fed Chair Powell Still Expects to Cut Rates This Year, but Not Yet

Jerome H. Powell, chair of the Federal Reserve, said policymakers still expect to lower rates in 2024 — but the timing hinges on data.

By Jeanna Smialek

New Federal Rule Caps Most Credit Card Late Fees at $8

Banking and Financial Institutions Chopra, Rohit Consumer Financial Protection Bureau Consumer Protection Credit Cards Fines (Penalties) Personal Finances

New Federal Rule Caps Most Credit Card Late Fees at $8

The Consumer Financial Protection Bureau said its new restriction would save households $10 billion a year in “junk fees.”

By Stacy Cowley

Is Crypto Back? What to Know About Bitcoin’s Surge.

Banking and Financial Institutions Bitcoin (Currency) BlackRock Inc Computers and the Internet HK FTX Trading Ltd (Futures Exchange) Securities and Exchange Commission Virtual Currency

Is Crypto Back? What to Know About Bitcoin’s Surge.

Bitcoin just hit a record high, but there are big differences between now and the last crypto boom, when digital currencies became a cultural phenomenon.

By David Yaffe-Bellany