Search results
Results from the WOW.Com Content Network
The January pause marks an end, at least temporarily, to the Fed's flurry of rate cuts that started in September 2024 which have pushed down the federal funds rate by one percentage point.
A member of the Federal Deposit Insurance Corp. (FDIC), First National was the first bank since April 26 to be shut down by federal regulators. Two days later, it reopened as First Bank and Trust ...
FILE - Federal Reserve Board of Governors Vice Chair for Supervision Michael Barr testifies at a House Financial Services Committee hearing on recent bank failures, on Capitol Hill, March 29, 2023 ...
The European STOXX 600 index fell around 4% with shares in Deutsche Bank down more than 14% at one point, closing the day at a loss of around 8%. [130] The UK's banking index also fell around 3% led by falls of around 6% for both Barclays and Standard Chartered and a 4% drop for NatWest.
Federal Reserve Chair Jerome Powell said deposit outflows among regional banks have "stabilized" and the system "remains strong and resilient." Fed's Powell: 'Things have settled down' after ...
Plantation Federal Bank Pawleys Island South Carolina April 27, 2012: First Federal Bank 486.4 22 Palm Desert National Bank Palm Desert California April 27, 2012: Pacific Premier 125.8 23 Security Bank, N.A. North Lauderdale Florida May 4, 2012: Banesco 101.0 24 Alabama Trust Bank, N.A. Sylacauga Alabama May 18, 2012: Southern States Bank 51.6 25
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. ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.