Federal Reserve

Digital currency startup soars; Volcker Rule changes proposed

05/16/18

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

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Fed picks vow independence, but regulatory views remain unclear

05/15/18

A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues.

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Pandit makes a big card bet; two senior Goldman execs to leave

05/15/18

The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division.

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Will capital plan cost big banks $400M or $121B? Yes

05/14/18

The Fed and FDIC are at odds over how proposed changes to the supplemental leverage ratio would change megabanks’ capital levels. Here's why both estimates are right but misleading.

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Wells can only ditch growth cap with Fed board vote: Powell

05/11/18

Fed Chair Jerome Powell said Thursday that the central bank's board of governors will take a vote before Wells Fargo is ultimately released from its growth restriction mandate, a decision that had previously been left up to staff.

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Fed banks targeted by new bill as political scrutiny mounts

05/10/18

Democratic Senator Kamala Harris on Thursday upped the pressure on the U.S. central bank to make its leadership more diverse, introducing legislation to compel the Federal Reserve's 12 regional banks to interview at least one woman and one minority candidate when they search for a new chief.

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Wells Fargo likely to remain in Fed doghouse longer than expected

05/10/18

The embattled company said Thursday that the asset cap imposed by the Federal Reserve will likely remain in place through “the first part of 2019.” Is this a sign of further delays to come?

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Lawmakers edge closer to filling two Fed vacancies

05/09/18

The Senate Banking Committee will consider the nominations of Richard Clarida and Michelle "Mick" Bowman to the Federal Reserve next week.

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From CRA to fintech, new FDIC leadership faces tough choices

05/04/18

Trump-appointed regulators are making headway on easing regulations. But there's one critical voice missing.

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Capital proposals a ‘win-win,’ Fed's Quarles says

05/04/18

The Federal Reserve’s top regulator says proposed capital changes make system safer while overall capital levels are unchanged.

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