G et your $TRUMP now,” came the message from America’s president-elect three days before his inauguration. The commander-in-chief’s meme cryptocurrency, the aggregate val
Senator Elizabeth Warren has slammed the Federal Reserve for allowing US banks to break rules designed to prevent another financial crisis and avoid huge taxpayer bailouts.
U.S. Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central bank confronts early moves by President Donald Trump that are likely to shape the economy this year,
The FBI director, IRS commissioner and vice chair of the Federal Reserve, all criticized by Republicans, have opted to resign instead of staying in their jobs, which have terms designed to straddle presidential administrations.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
The central bank said it had decided to leave the network after the group’s work “increasingly broadened in scope.”
Donald Trump is expected to elevate Michelle Bowman, a fifth-generation community banker and current Fed governor, as the government’s most influential banking regulator.
Citing concerns about going outside its statutory mandate, the Federal Reserve Board of Governors voted to leave the Network of Central Banks and Supervisors for Greening the Financial System.
Under President-elect Donald Trump's first term, global U.S. banks scored some de-regulatory wins, including loosening trading rules and simplifying the stress tests, but they did not win a hoped-for comprehensive review of big bank capital rules implemented following the 2007-2009 global financial crisis.
US Federal Reserve policymakers meeting next week are expected to keep interest rates on hold but the larger story unfolding will be how the central
DEI — As the administration unwinds diversity initiatives at federal agencies, Big Banks “are in the crosshairs of right-leaning activist groups privately pushing them to abandon or shrink their diversity, equity and inclusion efforts,” per The WSJ’s AnnaMaria Andriotis Follow and Alexander Saeedy.