interest rates

GOP senator seeks hearing on Fed independence after Dudley op-ed

08/28/19

Sen. Thom Tillis of North Carolina called for the panel to hold a hearing on what he termed the danger that the Federal Reserve will meddle in the 2020 presidential election.

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Lukewarm reception for FDIC plan to ease deposit rate limits

08/20/19

The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns.

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Bankers turn curiously optimistic about the economy

08/19/19

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

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Lower securities yields could squeeze banks' 3Q profit, report says

08/16/19

M&T Bank, Zions and Comerica are among the regional banks facing the most pressure on net interest margins, Wells Fargo analysts said in a research note to investors.

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Bankers welcome rush of refis, but it's no cure-all

08/15/19

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest margin pressures and lost servicing income.

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Why President Trump has the Fed on the ropes

08/12/19

The Federal Reserve's monetary policies have exacerbated the wealth gap, making the central bank a vulnerable target for Trump. He’s taking full advantage.

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'The whole situation is frustrating': Comments of the week

08/08/19

Readers react to the Fed's lengthy plan for a real-time payments system and Fifth Third's minimum wage increase, jab at Sen. Warren's absence on the Senate Banking Committee and more.

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Banks challenged by low rates; Fidelity raises theirs

08/08/19

U.S. financial stocks are down nearly 4% this week on rate pressure, but it’s even worse for European banks; the mutual fund giant will automatically sweep investor cash into a money fund yielding 1.9%.

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Bank stocks take big hit as trade war fears escalate

08/05/19

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.

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Make banks use T-bills as collateral for excess reserves

07/30/19

The approach could work as long as the Fed were to add certain thresholds.

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