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Financial institutions news from around the web: August 28 – September 1, 2023
Written on Aug 31, 2023
After serving as the financial backbone for communities across the country for more than a century, credit unions are at risk of becoming irrelevant among the next generation of potential members.
Inflation is down from last year, but the Fed plans to keep on the path of restrictive monetary policy until it’s at the target 2%, the central bank’s chair said.
The FDIC plans to propose new rules overhauling how large regional banks prepare for their own failure. U.S. regulators are seeking to strengthen oversight of the banking system, particularly in light of a string of collapses this year that included three of the largest in U.S. history.
Managing risks with your external vendors is essential in a modern supply chain to make sure there is no negative impact on your business.