Federal Reserve

Industry was strong enough without dividend, buyback curbs: Quarles

02/25/21

The Federal Reserve imposed the restrictions after conducting supplemental stress tests tied to the pandemic. But Vice Chair of Supervision Randal Quarles says it is now clear banks would have had sufficient capital regardless.

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Fed restores some services after outage on ‘operational error’

02/24/21

The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline.

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Fed's Powell sees opportunity for joint CRA overhaul

02/24/21

Federal Reserve Chair Jerome Powell said bank regulators still aim to write a universal rule updating the Community Reinvestment Act, despite years of disagreement between the agencies on how to proceed.

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Fed nears decision on continued easing of bank capital rule

02/23/21

Chair Jerome Powell told a congressional panel that the Federal Reserve is weighing whether to extend temporary relief from the “supplementary leverage ratio” — meant to help banks lend more during the pandemic — beyond March 31.

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Fed sounds alarm on commercial real estate, business bankruptcy

02/19/21

he Federal Reserve warned of significant risks of business bankruptcies and steep drops in commercial real estate prices in a report published on Friday.

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Fed's Brainard backs stress test-like exercise to address climate risks

02/18/21

Federal Reserve Gov. Lael Brainard said "scenario analysis" is distinct from traditional regulatory tools to assess capital strength, but can measure the long-term impact of weather events and the transition to a greener economy.

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Fed governor backs revamp of bank merger review process

02/16/21

Gov. Michelle Bowman said the agency's analysis of certain deals should weigh the competitive threats posed by technology companies and nonbanks.

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Fed details stress-test scenarios for 2021

02/12/21

Nineteen of the nation's largest banks must show how they'd withstand pressures in the commercial real estate and corporate debt markets that would accompany a severe global recession.

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Powell loves his job. Biden must decide if he loves Powell.

02/11/21

Federal Reserve Chair Jerome Powell says he has nothing but affection for his work, suggesting that the 68-year-old central banker could be open to a second term if asked.

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White House officials back economist Lisa Cook for Fed board

02/11/21

Economist Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familiar with the matter.

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