EU watchdog cautions against one-size-fits-all rules for non-banks
European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman Acquire Licensing RightsLONDON, Nov...
archiveFed
Fed’s Cook says geopolitical tensions could change US economic outlook
Dr. Lisa DeNell Cook, of Michigan, nominated to be a Member of the Board of Governors of the Federal Reserve...
Morning Bid: Oil-fueled rally turns to Powell
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the...
Crack in US dollar strength to spread as economy slows: Reuters poll
BENGALURU, Nov 8 (Reuters) - The dollar's recent weakness will linger for the rest of the year, according to a...
Gold price reverses softer US jobs data-inspired gains amid reviving US Dollar demand
Gold price drifts lower during the Asian session and retreats further from Friday’s post-NFP swing high. The USD bounces off...
U.S. regulators agree to ramp up oversight of systemically risky non banks
A street sign for Wall Street is seen in the financial district in New York, U.S., November 8, 2021. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsWASHINGTON, Nov 3 (Reuters) - U.S. regulators on Friday cleared the way to increase oversight of asset managers, hedge funds, and other non-banks that they believe pose risks to the financial system, reviving a tough new regime that had been sidelined under former President Donald Trump.The Financial Stability Oversight Council (FSOC), led by the Treasury Department and comprising other major agencies, also adopted a new framework...
Analysis: Central banks’ big pause spurs bruised bond investors to double down
US, UK, Norway keep rates unchangedRate pause plus high yields entice bond investorsSlowdown bets back on the tableLONDON, Nov 2...
Fed keeps rates unchanged, Powell hedges on possible end of tightening campaign
Central bank's policy rate remains in 5.25%-5.50% rangeFed says economy grew at 'strong' pace in third quarterTraders add to bets that Fed is done raising ratesWASHINGTON, Nov 1 (Reuters) - The Federal Reserve held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more restraint.Fed Chair Jerome Powell said the situation remained something of a riddle, with U.S. central bank officials willing to raise rates again...
NY Fed can cut off Puerto Rican bank in Venezuela-related crackdown -US judge
The entrance to The Federal Reserve Bank of New York is seen in New York City, U.S., March 13, 2023....
US Fed proposes shrinking fees banks charge on debit card transactions
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - The U.S. Federal Reserve on Wednesday proposed slashing by nearly a third the amount of so-called "swipe fees" banks can charge merchants for processing debit-card transactions, setting up a pitched battle between the two industries over potentially billions of dollars in revenue.Citing data that showed the costs of processing such transactions had fallen by roughly half in recent years, the Fed proposed cutting the current cap...