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Michael Barr, who had called for stricter oversight after a series of bank failures in 2023, has been a target of Republicans but had previously rejected suggestions he resign before his term ends ...
(Reuters) -Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank's annual "stress tests" of Wall Street firms violate the law. The lawsuit filed in U ...
The "passivity" agreement FDIC wants BlackRock to sign is designed to assure bank regulators that the giant money manager will remain a "passive" owner of an FDIC-supervised bank and won’t exert ...
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A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating" customers out of more than $2 billion in lost ...
The potential next head of a U.S. banking regulator laid out a sweeping plan on Friday to adopt a lighter touch on the banking industry on matters ranging from capital to cryptocurrency. Travis ...
The Federal Reserve’s top banking regulator Michael Barr will step down from his position in February, saying that "the risk of a dispute over the position could be a distraction from our mission."
That’s good news for your bank accounts, since another rate cut would probably mean a lower return on your money. At the meeting, held January 28-29, the Fed left interest rates unchanged at 4. ...