Legislation

Miran to resign ‘when or shortly before’ Warsh takes seat as Fed governor and chair

May 14, 2026 0

Stephen Miran submitted a letter of resignation from the Federal Reserve Board Thursday to make way for the return of Kevin Warsh, whose nominations this March by President Donald Trump to the Fed Board as a governor and chair were [...]
Uninsured depositors – especially largest – were first, fastest to run from 2023 bank failures, study finds

May 14, 2026 0

Depositors with substantial uninsured funds – especially the largest depositors — were far more likely to flee three failing banks in 2023 than fully insured depositors, who mostly did not run, according to a study published Thursday by the federal [...]
New Utah bank owned by arm of auto manufacturing giant approved for deposit insurance; will focus on auto finance

May 14, 2026 0

Deposit insurance for a new Utah-chartered bank owned by a financial arm of auto manufacturing giant Stellantis and which will focus on nationwide auto financing was approved by the federal insurance agency, it said Thursday. Netherlands-based Stellantis owns such auto [...]
Public parts of informational filings released for six large banks

May 14, 2026 0

Public sections of informational filings for six large banks were released Thursday by the federal bank deposit insurance agency, a requirement under agency rules for every three years for certain banks. The filings were due to the Federal Deposit Insurance [...]
Most adults said in 2025 they were doing OK financially (well before prices surged in 2026)

May 13, 2026 0

Nearly three in four adults – 73% — said in 2025 they were either doing okay or living comfortably financially, according to a report issued Wednesday by the Federal Reserve. The Fed said the findings of the report, the Survey [...]
Treasury official nominated to succeed Hauptman at NCUA

May 12, 2026 0

Treasury’s deputy assistant secretary for financial institutions policy is President Trump’s pick to succeed Kyle Hauptman at the National Credit Union Administration (NCUA) Board. The White House included John Crews, who has had the Treasury post since June 2025, among [...]