by The Associated Press | Jun 28, 2022 | Banking & Lending, Commercial & Industrial, CR Daily, Executive Briefing, Industry News
Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.
by The Commercial Record | Aug 5, 2019 | Banking & Lending, CR Daily, Industry News
The Federal Reserve announced today it will challenge a banking industry-backed group for real-time payments customers by developing its own system.
by Reuters | May 31, 2018 | Banking & Lending, CR Daily, Industry News
U.S. regulators on Wednesday proposed simplifying a rule introduced after the 2007-2009 financial crisis that bans banks from trading on their own account in order to make compliance easier for many firms.
by Reuters | Jan 31, 2018 | Banking & Lending, CR Daily, Industry News
The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signaling a gradual tightening of monetary policy later this year as the U.S. economy continues to expand and job gains remain solid.
by Reuters | Jun 23, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme recession to meet regulatory requirements, the Federal Reserve said on Thursday.
by Reuters | Jun 19, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News, Uncategorized
Investors are hoping the Federal Reserve will allow big U.S. banks to put an estimated $150 billion in idle capital toward stock buybacks, dividends and profit-boosting investments in the coming weeks after conducting a regular examination of financial strength.
by Reuters | May 30, 2017 | Banking & Lending, Commercial & Industrial, CR Daily, Executive Briefing, Industry News
U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic demand that could allow the Federal Reserve to raise interest rates next month.
by Reuters | Mar 15, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News
The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.
by Reuters | Mar 17, 2016 | Banking & Lending, Executive Briefing, Industry News
The U.S. interest rate that the Federal Reserve targets to conduct its monetary policy held at 0.37 percent for a second day on Wednesday, according to Fed data released on Thursday. The average, or effective, fed funds rate USONFFE= traded in a range of 0.35 percent...
by Reuters | Feb 19, 2016 | Banking & Lending, Commercial & Industrial, Executive Briefing, Industry News, Residential Real Estate
Rising rents and medical costs lifted underlying U.S. inflation in January by the most in nearly four and a half years, signs of a pick-up in price pressures that could allow the Federal Reserve to gradually raise interest rates this year. The Labor Department said on...