Banking & Capital Markets

Fed Looks to Raise Interest Rates
Banking & Capital Markets

Fed Looks to Raise Interest Rates

All eyes on the Fed as they announce the size of interest rate hikes later today.
By Andy Burt | June 15, 2022
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2022 Interest Rates Outlook: Fed Tightening Is Not Risk-Free
Forecasting

2022 Interest Rates Outlook: Fed Tightening Is Not Risk-Free

If the U.S. economy isn’t as strong as the Fed thinks, higher interest rates will hurt.
By Russ Banham | January 19, 2022
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Biden Names 3 Nominees to Fed’s Board of Governors
Banking & Capital Markets

Biden Names 3 Nominees to Fed’s Board of Governors

The nominees could significantly increase the board's diversity and push banking regulation in a more progressive direction.
By Matthew Heller | January 18, 2022
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American Apparel Cost Cuts May Not Be Enough
Credit & Capital

American Apparel Cost Cuts May Not Be Enough

The embattled retailer may not have sufficient financing commitments to meet its needs over the next 12 months.
By Katie Kuehner-Hebert | October 28, 2021
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Regulator Hits Wells Fargo With $250M Fine
Risk & Compliance

Regulator Hits Wells Fargo With $250M Fine

The OCC says deficiencies in a Wells Fargo loan modification program constituted “reckless unsafe or unsound practices."
By Matthew Heller | September 10, 2021
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Fed Announces Capital Buffers for Big Banks
Risk

Fed Announces Capital Buffers for Big Banks

Based on the latest stress test results, Goldman Sachs is required to have the largest buffer against losses, followed by Morgan Stanley.
By Matthew Heller | August 6, 2021
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Square Debuts Small Business Banking Platform
Credit & Capital

Square Debuts Small Business Banking Platform

The suite of financial products are designed to help small business owners manage their cash flow.
By Lauren Muskett | July 20, 2021
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Fed Clears Banks to Make Payouts Without Limits
Risk & Compliance

Fed Clears Banks to Make Payouts Without Limits

The Fed's three stress tests over the past year "have confirmed that the banking system is strongly positioned to support the ongoing recovery."
By Matthew Heller | June 25, 2021
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Fed Nixes Further Capital Relief for Banks
Risk & Compliance

Fed Nixes Further Capital Relief for Banks

The Fed's decision means banks can no longer exclude Treasury bonds and deposits held at the central bank from their supplementary leverage ratio.
By Matthew Heller | March 19, 2021
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Square Commences Operations as an Industrial Bank
Credit & Capital

Square Commences Operations as an Industrial Bank

The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”
By Lauren Muskett | March 2, 2021
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Rare Outage Takes Fed Payment Systems Offline
Credit & Capital

Rare Outage Takes Fed Payment Systems Offline

Fedwire and FedACH were among the key systems affected by the outage, which the Fed blamed on an "operational error."
By Matthew Heller | February 25, 2021
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Bank Profits Rise 9% to $59.9B in 4th Quarter
Financial Performance

Bank Profits Rise 9% to $59.9B in 4th Quarter

“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.
By Matthew Heller | February 23, 2021
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Fed Lifts Freeze on Bank Share Repurchases
Risk & Compliance

Fed Lifts Freeze on Bank Share Repurchases

The Fed voted 4-1 to ease restrictions on buybacks and dividends it had imposed to ensure banks preserved capital amid the coronavirus pandemic.
By Matthew Heller | December 21, 2020
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Banks Prepare for ‘Big Bang’ Switch From LIBOR
Credit & Capital

Banks Prepare for ‘Big Bang’ Switch From LIBOR

The SOFR referencing rate is estimated to cover interest rate swaps on more than $80 trillion worth of notional debt.
By Lauren Muskett | October 16, 2020
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Morgan Stanley Buys Asset Manager Eaton Vance
M&A

Morgan Stanley Buys Asset Manager Eaton Vance

The $7 billion deal will advance Morgan Stanley's push into investment management as it shifts away from trading.
By Matthew Heller | October 9, 2020
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