Washington Financial News

17.03 / 15:07

Fallout SVB banking system Janet Yellen Says Banking System Is Healthy After SVB Collapse

WASHINGTON—Treasury Secretary Janet Yellen told lawmakers that the U.S. banking system remained in good health after the collapse of two midsize banks, saying that bank regulators’ depositor-rescue plan had stemmed fallout from the panic.

17.03 / 14:49

Action Moral hazard? Hawkish pause? What these terms mean and why should investors care

With the stock market whipsawed over concerns about a banking crisis, there's been a lot of debate on Wall Street and in Washington about the actions that the Federal Reserve and the Treasury have taken since the failures of Silicon Valley Bank and Signature Bank. Two phrases are being thrown around on CNBC and elsewhere: «moral hazard» and «hawkish pause.» Here's what they mean and how these four words are shaping this evolving situation.

17.03 / 11:09

Blockchain regulation SEC us government students Universities Intern for Gensler? SEC's college traineeships start at $15 an hour

College students wishing to intern for the United States Securities and Exchange Commission (SEC) are in luck — the regulator has opened applications for its Scholars Program for Fall 2023.

17.03 / 11:01

Citi JPMorgan Citigroup JPMorgan, Citi and more back First Republic Bank with $30bn in cash

The biggest banks in the US swooped in to rescue First Republic Bank with a flood of cash totalling $30bn, in an effort to stop a spreading panic following a pair of recent bank failures.

16.03 / 19:07

Fallout SVB banking system Janet Yellen Says Banking System Is Healthy After SVB Collapse

16.03 / 17:15

UPS Provident Tether USDT Platform Crypto Exchange Russians Reportedly ‘Using Crypto Exchanges to Send USDT to UK’ – Here’s How

Russians are using “several” Moscow crypto exchanges to send Tether (USDT) to people based in the UK, a new report has claimed.

16.03 / 16:41

G-7 Opposes Lowering Russian Crude Price Cap From $60 a Barrel

The Group of Seven advanced democracies want to keep the price cap on Russian crude at $60 a barrel, according to people familiar with the matter, thwarting hopes in some European capitals of tightening the Western sanctions this month.

16.03 / 16:09

UPS SVB Rescue Why Top Washington Officials Chose to Rescue SVB, Signature Depositors

For more than a decade after the collapse of Lehman Brothers in 2008, Washington’s regulatory watchdogs sought to ensure that they would never again face fraught weekend deliberations about propping up the financial system from a bank failure.

16.03 / 16:09

FIVE Progressive Enterprise U.S., Taiwan Move Closer to Trade, Investment Agreement

TAIPEI—The U.S. and Taiwan moved a step closer toward a bilateral trade and investment initiative, with both sides signaling progress in the talks at a time of heightened tensions between Washington and Beijing.

16.03 / 00:49

regulation Federal Reserve Signature Bank regulatory Senator Warren says Fed chair 'has to recuse himself' from reviewing regulatory failures

Massachusetts Senator Elizabeth Warren, one of the more prominent anti-crypto voices in the United States Congress, has called on Jerome Powell to recuse himself amid an internal probe at the Federal Reserve.

15.03 / 12:47

vice chair Janice Eberly Seen as Leading Candidate for Fed Vice Chair

WASHINGTON—Janice Eberly, a finance professor at Northwestern University, is the leading candidate for the No. 2 job at the Federal Reserve, according to people familiar with the matter.

15.03 / 12:13

UPS SVB Fed to Consider Tougher Rules for Midsize Banks After SVB, Signature Failures

WASHINGTON—The Federal Reserve is rethinking a number of its own rules related to midsize banks following the collapse of two lenders, potentially extending restrictions that currently only apply to the biggest Wall Street firms.

14.03 / 20:55

CEO SVB SVB's new CEO urges clients to 'help us rebuild our deposit base'

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14.03 / 16:54

UPS Fed’s Jerome Powell Says Data Will Determine Size of Next Rate Increase

WASHINGTON—Federal Reserve Chair Jerome Powell said Wednesday officials were keeping their options open over how much to raise interest rates this month after investors interpreted his comments Tuesday to suggest a half-percentage-point increase was likely.

14.03 / 16:53

vice chair Janice Eberly Seen as Leading Candidate for Fed Vice Chair

WASHINGTON—Janice Eberly, a finance professor at Northwestern University, is the leading candidate for the No. 2 job at the Federal Reserve, according to people familiar with the matter.

13.03 / 23:53

UPS Provident CEO Action CME week Jeffrey Gundlach says Fed will hike funds rate next week to save credibility — but shouldn't

DoubleLine Capital CEO Jeffrey Gundlach believes that the Federal Reserve will still pull the trigger on a small rate hike next week despite the ongoing chaos in the banking sector that prompted extraordinary rescue action from regulators.

13.03 / 23:29

UPS Fed’s Jerome Powell Says Data Will Determine Size of Next Rate Increase

13.03 / 23:29

vice chair Janice Eberly Seen as Leading Candidate for Fed Vice Chair

WASHINGTON—Janice Eberly, a finance professor at Northwestern University, is the leading candidate for the No. 2 job at the Federal Reserve, according to people familiar with the matter.

13.03 / 22:05

UPS Target Booking Action Fighting Citigroup rate hikes Something broke, but the Fed is still expected to go through with rate hikes

When the Federal Reserve starts to raise interest rates, it generally keeps doing so until something breaks, or so goes the collective Wall Street wisdom.

13.03 / 13:57

regulation Investing Federal Reserve USDC FDIC Coinbase Confirms $240 Million Corporate Cash Balance with Signature Bank Amid Lender Closure

Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank.

13.03 / 11:03

UPS Fed’s Jerome Powell Says Data Will Determine Size of Next Rate Increase

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