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Fired Federal Reserve Governor Lisa Cook To Sue Trump To Save Her Job
Federal Reserve Gov. Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her, her lawyer said Tuesday.
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Trump Raises Pressure, Calls For Federal Reserve Governor To Resign
US President Donald Trump called Wednesday for Federal Reserve Governor Lisa Cook to step down, expanding pressure on the central bank after recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.
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Refusal To Curtail Interest Rates Causes Clash Between Trump, Chairman Powell
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting on Thursday as the president toured the central bank after ramping up his attacks on its management of the economy.
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Trump Disappointed With Federal Reserve Chair Over $2.5 Billion Renovation Project
President says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the US central bank's $2.5 billion renovation project.
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Sensex, Nifty Open Flat After US Federal Policy Decision
The Indian benchmark indices opened almost flat on Thursday over the US Federal Reserve policy decision and weak Asian cues, as selling was seen in the IT, PSU bank, FMCG and pharma sectors in the early trade.
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US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
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Gold Hits Record, Stocks Diverge As Trump Fuels Fed Fears
Gold reached $3,500 an ounce for the first time Tuesday as US President Donald Trump's tariffs and verbal assault on the Federal Reserve prompted investors to snap up the safe-haven asset.
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US Federal Reserve's Caution On Rate Cuts Could Cause Friction With Trump
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect.
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Fed Rate Cut Shows Economy "Very Bad Or They're Playing Politics": Trump
Republican presidential candidate Donald Trump suggested the Federal Reserve was playing politics on Wednesday, after the US central bank announced a long-awaited interest rate cut of half a percentage point.
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Banks Must Obtain Written Non-Objection to Transact in Stablecoins, Says US Federal Reserve
State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday.
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Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.
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US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
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US Fed Raises Key Interest Rate, Voices Banking Sector Concerns
The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
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Fired Federal Reserve Governor Lisa Cook To Sue Trump To Save Her Job
Federal Reserve Gov. Lisa Cook will sue President Donald Trump's administration to try to prevent him from firing her, her lawyer said Tuesday.
-
Trump Raises Pressure, Calls For Federal Reserve Governor To Resign
US President Donald Trump called Wednesday for Federal Reserve Governor Lisa Cook to step down, expanding pressure on the central bank after recent criticism of Fed Chair Jerome Powell for not lowering interest rates sooner.
-
Refusal To Curtail Interest Rates Causes Clash Between Trump, Chairman Powell
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting on Thursday as the president toured the central bank after ramping up his attacks on its management of the economy.
-
Trump Disappointed With Federal Reserve Chair Over $2.5 Billion Renovation Project
President says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the US central bank's $2.5 billion renovation project.
-
Sensex, Nifty Open Flat After US Federal Policy Decision
The Indian benchmark indices opened almost flat on Thursday over the US Federal Reserve policy decision and weak Asian cues, as selling was seen in the IT, PSU bank, FMCG and pharma sectors in the early trade.
-
US Bank Regulators Pull Back Guardrails on Bank Crypto Activities
US banking regulators have pulled back directives urging banks to show caution when dabbling in cryptocurrency. Under the prior guidance, regulators warned banks to be wary of volatility, legal uncertainty and liquidity risks when considering whether to provide crypto-related services or take on crypto companies as clients.
-
Gold Hits Record, Stocks Diverge As Trump Fuels Fed Fears
Gold reached $3,500 an ounce for the first time Tuesday as US President Donald Trump's tariffs and verbal assault on the Federal Reserve prompted investors to snap up the safe-haven asset.
-
US Federal Reserve's Caution On Rate Cuts Could Cause Friction With Trump
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect.
-
Fed Rate Cut Shows Economy "Very Bad Or They're Playing Politics": Trump
Republican presidential candidate Donald Trump suggested the Federal Reserve was playing politics on Wednesday, after the US central bank announced a long-awaited interest rate cut of half a percentage point.
-
Banks Must Obtain Written Non-Objection to Transact in Stablecoins, Says US Federal Reserve
State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday.
-
Large Withdrawals by Crypto Whales Responsible for US Banking Crisis: Federal Reserve Bank of Chicago
The Federal Reserve Bank of Chicago has blamed the downfalls of BlockFi, Celsius, FTX, Genesis (in partnership with Gemini), and Voyager Digital major reasons behind the ongoing banking crisis in the US. Several crypto firms laid off staff members while the others filed for bankruptcy last year, leading to the outflows of large crypto investments.
-
US Fed Reserve Admits To Own Failure In Identifying Startup Bank Troubles
The US Federal Reserve called for greater banking oversight while admitting to its own failures in a widely-anticipated report published Friday into the collapse of Silicon Valley Bank (SVB) last month.
-
US Fed Raises Key Interest Rate, Voices Banking Sector Concerns
The US Federal Reserve raised its benchmark lending rate on Wednesday, as it sought to strike a balance between curbing high inflation and averting further upheaval in the commercial banking sector.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
