Financial statements for 2024 about the Federal Reserve System – covering the 12 Federal Reserve Banks, the agency board, and one limited liability company (LLC) (consolidated with the Boston bank) – were released Friday by the […]
Leveraging her “hands-on experience” as a banker, state bank regulator and a Federal Reserve Board member “to address the challenges ahead” is the pledge of Michelle W. Bowman if she wins confirmation as vice chair […]
A Southfield, Mich., bank that was the focus from 2022-24 of numerous enforcement actions, including prohibitions of employees associated with a risky loan program, will be acquired by a Florida banking company, the Federal Reserve […]
Overall economic activity was up a bit since mid-January, according to the latest Beige Book published Wednesday by the Federal Reserve, with “overall expectations for economic activity over the coming months” being slightly optimistic, the […]
A representative picture of what Americans own—from houses and cars to stocks and bonds—how and how much they borrow, and how they bank, as well as their feelings about their economic situation and that of […]
Seven specific risks ahead for national bank regulators were outlined by the outgoing Federal Reserve’s top supervisor Thursday, as he also outlined his plans ahead. Federal Reserve Board Vice Chair for Supervision Michael Barr said […]
The changing financial institution landscape due to generative artificial intelligence (GenAI) should be approached with “agility and flexibility” by regulators, the outgoing top supervisor at the Federal Reserve said Tuesday. Michael Barr, the Federal Reserve […]
Reflecting on what he called the “maturing” stablecoin market, a Federal Reserve Board governor reminded of the continued lack of a “clear and targeted” legal and regulatory framework that could keep U.S. issuers of stablecoins […]
Twenty-two large banks will face annual stress tests this year against a severe global recession with heightened stress in both commercial and residential real estate markets, as well as in corporate debt markets, the Federal […]
A virtual public outreach meeting for March 6, 2025, is set by federal banking agencies as part of their regular review of regulations – which is required by law, the agencies announced Friday. In joint […]
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