Washington Financial News

WASHINGTON—Most Federal Reserve officials thought they should slow the pace of interest-rate increases after approving a 0.75-percentage-point rate rise at their meeting earlier this month to battle high inflation.

WASHINGTON—Most Federal Reserve officials thought they should slow the pace of interest-rate increases after approving a 0.75-percentage-point rate rise at their meeting earlier this month to battle high inflation.

WASHINGTON—Most Federal Reserve officials thought they should slow the pace of interest-rate increases after approving a fourth consecutive 0.75-percentage-point rate rise at their meeting earlier this month.

WASHINGTON—The Biden administration is laying the groundwork to target nonbank firms with stricter federal oversight as regulators grow concerned about financial threats from companies operating outside of the tightly supervised banking system.

They are accused of defrauding hundreds of thousands of people, tricking them into entering into fraudulent rental contracts for crypto mining equipment and getting them to invest in a virtual currency bank that never launched.Victims paid more than $575 million to Potapenko and Turõgin’s companies. The men then used shell companies to launder the proceeds and to purchase real estate and luxury cars, according to the indictment.US Attorney Nick Brown for the Western District of Washington says: "These defendants capitalised on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme."The men are charged with conspiracy to commit wire fraud, 16 counts of wire fraud, and one count of conspiracy to commit money laundering.

WASHINGTON—A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn.

WASHINGTON—U.S. officials are jetting around the globe in a quiet diplomatic push to get Russia’s major trading partners to enforce sanctions and trade controls, as exports to the country pick up after diving in the weeks following Moscow’s invasion of Ukraine.  

Two Estonian nationals have been arrested for alleged involvement in crypto-related fraud and money laundering activities worth some $575m.

Asset management was not my first career choice. I started my working life as a lawyer in the US, where I grew up. I have always been an advocate, whether that was taking part on the school debating team or being the opinion editor of the student newspaper. Law was a natural fit.

The two founders of the now-defunct Bitcoin cloud miner HashFlare have been arrested in Estonia over their alleged involvement in a $575 million crypto fraud conspiracy.

Crypto exchange FTX’s subsidiary in Japan, FTX Japan, reportedly plans to resume withdrawals by the end of 2022.

WASHINGTON—A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn.

WASHINGTON—The White House on Monday said it would tap Martin Gruenberg, the acting head of the Federal Deposit Insurance Corp., for a second term as the banking regulator’s leader.

WASHINGTON—U.S. officials are jetting around the globe in a quiet diplomatic push to get Russia’s major trading partners to enforce sanctions and trade controls, as exports to the country pick up after diving in the weeks following Moscow’s invasion of Ukraine.  

WASHINGTON—Republican wins at the ballot box have long translated into gains for the business lobby in Washington. This election is likely to be no exception, despite the party’s increasingly populist slant.

Ethereum co-founder Vitalik Buterin has spoken out in the wake of the FTX collapse, offering his thoughts and some positives from one of crypto’s biggest black swan events.

On Nov. 11, while the rest of the country was celebrating Veteran’s Day, Sam Bankman-Fried announced that FTX — one of the world’s largest cryptocurrency exchanges by volume — had filed for bankruptcy. Lawmakers and pundits quickly latched onto the rapid disintegration of FTX to call for more regulation of the crypto industry. “The most recent news further underscores these concerns [about consumer harm] and highlights why prudent regulation of cryptocurrencies is indeed needed,” said White House Press Secretary Karine Jean-Pierre.

WASHINGTON—The White House on Monday said it would tap Martin Gruenberg, the acting head of the Federal Deposit Insurance Corp., for a second term as the banking regulator’s leader.

WASHINGTON—A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn.

WASHINGTON—A federal housing agency on Tuesday said its financial reserves have reached record levels and that it was well positioned to weather a mortgage-market downturn.

WASHINGTON—The White House on Monday said it would tap Martin Gruenberg, the acting head of the Federal Deposit Insurance Corp., for a second term as the banking regulator’s leader.