The Federal Reserve scored a major political victory Wednesday morning when the Senate approved an amendment that allows the Fed to retain supervision over state-chartered banks.

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Topics:  federal reserve   senate   fed   supervision   state   banks   
BING NEWS:
  • KeyBank Serves as Strategic Partner for Small Businesses Through Economic Uncertainty
    Many business owners may not realize that their bank can be a strategic partner, offering more than just a checking or savings account for their businesses. Small businesses’ banking partners are ...
    05/21/2024 - 5:42 am | View Link
  • Gruenberg says he’ll leave. But will he really?
    The FDIC's Martin Gruenberg era — a nearly two-decade tenure — appears to be coming to an end at the climax of a sweeping agency misconduct scandal.
    05/21/2024 - 1:00 am | View Link
  • The U.S. recovery and what’s next
    Federal Reserve economists are trying to answer a big question that MM keeps returning to: Why is the post-Covid U.S. economy so much stronger than that of other wealthy nations?
    05/20/2024 - 1:00 am | View Link
  • The Fed asked 6 banks to simulate climate disasters. Here’s what they found.
    A major hurricane in the Northeast U.S. could trigger a wave of defaults on loans offered by Wall Street banks, according to a long-awaited analysis by the Federal Reserve that underscores climate ...
    05/9/2024 - 11:20 pm | View Link
  • The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
    The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to ... or related promotional deals are a key reason, according to J.D. Power ...
    05/1/2024 - 11:32 pm | View Link
  • More

 

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