Washington

Criminal marketplace Genesis seized by FBI in larger fight against state-backed cybercrime

Genesis Market, a Russia-linked marketplace where tens of millions of hacked accounts were sold to bad actors around the world,…

Janet Yellen says OPEC+ production cut is an ‘unconstructive act’

WASHINGTON — Treasury Secretary Janet Yellen said the surprise OPEC+ oil production cut announced Sunday was an “unconstructive act,” which…

Biden calls for stricter banking regulations in the wake of SVB, Signature Bank failures

WASHINGTON — President Joe Biden on Thursday urged federal regulators to take up a set of reforms to safeguard the…

Trump live updates: Indictment in hush money case not expected this week, NBC reports

This is CNBC’s live blog tracking developments Tuesday of ongoing criminal investigations into former U.S. President Donald Trump, including the…

Trump live updates: Grand jury finishes day without voting on an indictment, NBC News reports

This is CNBC’s live blog tracking developments Monday of ongoing criminal investigations into former U.S. President Donald Trump, including the…

Trump live updates: Threatening letter with nonhazardous white powder found at Manhattan DA’s office

This is CNBC’s live blog tracking developments Friday of ongoing criminal investigations into former U.S. President Donald Trump, including the…

Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks

WASHINGTON — Treasury Secretary Janet Yellen said Thursday that the federal emergency actions to back up Silicon Valley Bank and…

Fed hikes rates by a quarter percentage point, indicates increases are near an end

WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent…

‘Blanket insurance’ of bank deposits is not being discussed, Yellen tells senators

WASHINGTON — Federal bank regulators are not considering any plans to insure all U.S. bank deposits without congressional approval, Treasury…

Republicans request Fed and FDIC oversight records for failed Silicon Valley Bank and Signature Bank

WASHINGTON — The top Republicans on committees that oversee the U.S. financial system sent letters Monday to Federal Reserve Chair…