Latest News
Financial institutions news from around the web: February 10 – 14, 2025
Written on Feb 14, 2025
Federal Reserve Chair Jerome Powell told a Senate Committee Feb. 11 that with a strong job market and with inflation still elevated, he and his colleagues "do not need to be in a hurry" to cut interest rates.
A federal hiring freeze and brain drain at the already short-staffed agency could be detrimental for bank examinations and resolutions of failed lenders, lawyers and FDIC veterans said.
The collaboration will let the bank’s payments division offer the buy now, pay later company’s financing options to business customers.
The perhaps-future Federal Reserve vice chair for supervision argued in favor of transparency for crypto, smarter examinations and more responsibility from banks.