Fed loans, account guarantees helped stabilize ‘deposit flows’ at regional banks, Treasury official says
WASHINGTON — The record-setting number of emergency loans that were made to banks this week by the Federal Reserve was…
Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures
President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed…
China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says
WASHINGTON — Treasury Secretary Janet Yellen said Thursday that China would be among the first in line to get paid…
Fed poised to approve quarter-point rate hike this week, despite market turmoil
Even with turmoil in the banking industry and uncertainty ahead, the Federal Reserve likely will approve a quarter-percentage-point interest rate…
Treasury Secretary Yellen says not all uninsured deposits will be protected in future bank failures
WASHINGTON — Treasury Secretary Janet Yellen sought to reassure markets and lawmakers on Thursday that the federal government is committed…
One year after the first rate hike, the Fed stands at policy crossroads
The Federal Reserve is one year down its rate-hiking path, and in some ways it’s both closer and further away…
Payrolls rose 311,000 in February, more than expected, showing solid growth
Job creation decelerated in February but was still stronger than expected despite the Federal Reserve’s efforts to slow the economy…
House conservatives issue new list of demands that could upend debt ceiling talks
WASHINGTON — A powerful bloc of U.S. House conservatives on Friday issued new demands that they said must be met…
European Central Bank hikes rates despite market mayhem, pledges support if needed
The European Central Bank on Thursday announced a further rate hike of 50 basis points, signaling it is ready to…
Jobs report shows increase of 517,000 in January, crushing estimates, as unemployment rate hit 53-year low
The employment picture started off 2023 on a stunningly strong note, with nonfarm payrolls posting their biggest gain since July…
