Fed losses breach $100 billion as interest costs rise
NEW YORK, Sept 15 (Reuters) – Federal Reserve losses breached the $100 billion mark, central bank data released on Thursday showed, and they’re likely to...
European banks flag bad loan risks as global economy falters
[1/3]The headquarters of Germany’s Deutsche Bank are pictured in Frankfurt, Germany, September 21, 2020. REUTERS/Ralph Orlowski/File Photo LONDON/MILAN/MADRID, July 26 (Reuters) – Europe’s major banks,...
Fed set to launch long-awaited instant payments service, modernizing system
July 20 (Reuters) – The U.S. Federal Reserve is due to imminently launch a long-awaited service which will aim to modernize the country’s payment system...
NY Fed report finds Americans increasingly facing borrowing headwinds
[1/2]An American Express and a Visa credit cards are seen on a computer keyboard in this picture illustration taken September 6, 2017. REUTERS/Philippe Wojazer/Illustration July...
Fed, SEC probing Goldman Sachs’ role in Silicon Valley Bank’s final days, Wall Street Journal reports
June 15 (Reuters) – The U.S. Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sachs Group’s (GS.N) role in two deals with...
Binance, US affiliate hit by net outflows of $1.43b since SEC lawsuit, data shows
June 6 (Reuters) – Investors have pulled around $1.43 billion from the crypto exchange Binance and its U.S. affiliate as of 11 a.m. ET (1500...
Yellen: Still uncertainty about when Treasury will run out of cash
NIIGATA, Japan, May 12 (Reuters) – Treasury Secretary Janet Yellen said there was still uncertainty about exactly when Treasury would run out of cash to...
JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
NEW YORK, May 11 (Reuters) – JPMorgan Chase & CO (JPM.N) CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss...
Europeans drain billions from banks, fed up with shrinking savings
LONDON/DUBLIN, May 4 (Reuters) – European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up...
Exclusive: US regulators worried about uninsured deposits before March crisis
April 27 (Reuters) – Four months before the second-largest bank failure in U.S. history, key banking regulators worried about the dangers large regional lenders posed...