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

Possible Banking Regulations Come to Light During Senate Hearing
Possible Banking Regulations Come to Light During Senate Hearing
March 28, 2023  |  Bank Regulation

Possible future banking regulations came to light during a Senate committee hearing. The proposals were mentioned by Federal Reserve Vice Chair for Supervision Michael Barr...

READ MORE >
Regulators Tell Senate Lawmakers SVB Bank Leaders Ignored Warnings
Regulators Tell Senate Lawmakers SVB Bank Leaders Ignored Warnings
March 28, 2023  |  Bank Regulation

Lawmakers let their frustrations with regulators fly during Tuesday’s (March 28) Senate Banking Committee hearing. The collapse of Silicon Valley Bank (SVB) and Signature Bank...

READ MORE >
JPMorgan Confident in Corporate Bonds Amid Bank Upheaval
JPMorgan Confident in Corporate Bonds Amid Bank Upheaval
March 28, 2023  |  Banking

An executive at America’s largest bank is confident corporate bonds will weather the recent banking industry turmoil. In an interview with Bloomberg News Tuesday (March...

READ MORE >
Regulators Seek ‘Unflinching’ Look at SVB and Bank Supervision at Capitol Hill Hearings
Regulators Seek ‘Unflinching’ Look at SVB and Bank Supervision at Capitol Hill Hearings
March 27, 2023  |  Bank Regulation

It’s common practice on Capitol Hill for witnesses — appearing before various committees — to release their testimony ahead of time. And what’s written down...

READ MORE >
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
Banks Welcome Crypto Firms After Signature/Silvergate Downfall
March 27, 2023  |  Cryptocurrency

Cryptocurrency firms left bankless following the downfall of two industry lenders have found new homes. That’s according to a Monday (March 27) report by the Wall Street...

READ MORE >
Platforms and Digital Payments Help Modernize ‘Smokestack’ Economy
Platforms and Digital Payments Help Modernize ‘Smokestack’ Economy
March 27, 2023  |  Supply Chain

The industrial economy has long been in need of a digital makeover. The mainstays of industry — where things are made, the tangible goods from...

READ MORE >
US Crypto Clampdown Continues as Fed Guts Custodia Bank Application
US Crypto Clampdown Continues as Fed Guts Custodia Bank Application
March 27, 2023  |  Cryptocurrency

Crypto’s existential moment continues, as U.S. regulators can’t get past “fundamental concerns” with the sector.  This, as an order published last Friday (March 24), decisively unpacked the federal reserve’s...

READ MORE >
Blend’s 40% Decline Leads FinTech Index Lower in Volatile Week
Blend’s 40% Decline Leads FinTech Index Lower in Volatile Week
March 23, 2023  |  Fintech Investments

Bank runs were only part of the story this week. And as the FinTech IPO Stock Index sank for another week, down 2.5%, the positive...

READ MORE >
CFPB Constitutionality Upheld With Appeals Court Win
CFPB Constitutionality Upheld With Appeals Court Win
March 23, 2023  |  CFPB

The Consumer Financial Protection Bureau has scored a legal victory ahead of its fateful Supreme Court case. A federal appeals court ruled Thursday (March 23)...

READ MORE >