federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

SoFi Talking To Banks About $500M Line Of Credit For Buys

SoFi Talking To Banks About $500M Line Of Credit For Buys
SoFi Talking To Banks About $500M Line Of Credit For Buys
July 03, 2018  |  Banking

Social Finance, the online lender, has been holding talks with banks during the past few weeks in an effort to raise around $500 million in...

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Record US Corporate Debt Levels Have Analysts At Odds
Record US Corporate Debt Levels Have Analysts At Odds
June 29, 2018  |  B2B Payments

A day after the Bank of England issued a warning of rising debt levels across the globe, new analysis eased some concerns over growing corporate...

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Banks Lure Deposit Customers With Increased Cash Bonuses
Banks Lure Deposit Customers With Increased Cash Bonuses
June 25, 2018  |  Bank Regulation

Rising interest rates on the part of the Federal Reserve for the past few years hasn’t prompted a lot of banks to raise the rates...

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Trade War Takes Wind Out Of Central Bankers’ Sails
Trade War Takes Wind Out Of Central Bankers’ Sails
June 20, 2018  |  Economy

The trade war that is playing out on a global scale now is hitting business outlooks — and the worldview of central banks. Get the Full...

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US Bank Profit Payouts To Reach $170B
US Bank Profit Payouts To Reach $170B
June 18, 2018  |  Bank Regulation

Some of the country’s largest banks should soon be handing over more capital to investors than they are generating for the first time since the...

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Rep. Darrell Issa May Head Up CFPB
Rep. Darrell Issa May Head Up CFPB
June 15, 2018  |  CFPB

Sources are saying that Representative Darrell Issa, the Republican lawmaker from California, might be the next leader of the Consumer Financial Protection Bureau (CFPB). Get...

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American Households Gain $1T In Wealth
American Households Gain $1T In Wealth
June 08, 2018  |  Markets

Bolstered by increasing home values and stock prices, The Fed said that American households gained $1 trillion in wealth over the first three months of...

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Jobs Report Spurs Some Optimism On The Street
Jobs Report Spurs Some Optimism On The Street
June 01, 2018  |  Economy

Equities were up. Bonds were down. Investors, by and large, acted the way one might expect amid a jobs report that came in above expectations....

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