The Federal Reserve Board announced its approval for UBS Group AG, of Zürich, Switzerland, to acquire the U.S. subsidiaries of Credit Suisse Group AG, of Zürich, Switzerland.The application was submitted in connection with UBS Group AG's...
Read Story
April 17, 2023, 08:00 AM
|
President Joe Biden's planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, Reuters reported...
Read Story
July 09, 2021, 08:13 AM
|
The Federal Reserve Board on Wednesday announced plans to begin winding down the portfolio of the Secondary Market Corporate Credit Facility (SMCCF), a temporary emergency lending facility that closed on December 31st, 2020. The SMCCF proved vital in...
Read Story
June 03, 2021, 07:51 AM
|
Following its stress tests earlier this year, the Federal Reserve Board on Monday announced individual large bank capital requirements, which will be effective on October 1.Under its framework for large banks—those with more than $100 billion in...
Read Story
August 11, 2020, 08:47 AM
|
The Federal Reserve Board announced an extension through December 31 of its lending facilities that were scheduled to expire on or around September 30. The three-month extension will facilitate planning by potential facility participants and provide...
Read Story
July 29, 2020, 08:48 AM
|
The economic recovery from the COVID-19 pandemic is likely to face headwinds even if the downside risks do not materialize, and a second wave would magnify that challenge, said Federal Reserve Board Member Lael Brainard, in a recent speech hosted by...
Read Story
July 15, 2020, 08:59 AM
|
The Federal Reserve Board issued a series of new restrictions on large banks following recent stress tests for 2020 that included additional sensitivity analyses that the Board conducted in light of the coronavirus event.For the third quarter of this...
Read Story
June 29, 2020, 08:35 AM
|
The Federal Reserve Board announced it will be seeking public feedback on a proposal to expand its Main Street Lending Program to provide access to credit for nonprofit organizations. As with the existing Main Street Lending Program, which targets...
Read Story
June 16, 2020, 09:20 AM
|
U.S. Treasury Secretary Steven T. Mnuchin issued the following statement on the expansion of the Main Street Lending Program announced by the Federal Reserve Board: "The changes announced to the Main Street Lending Program are the result of an...
Read Story
June 11, 2020, 09:15 AM
|
The federal bank regulatory agencies announced temporary changes to their supplementary leverage ratio rule. The temporary modifications will provide flexibility to certain depository institutions to expand their balance sheets in order to provide...
Read Story
May 20, 2020, 09:05 AM
|
The Federal Reserve released a statement assuring America that it is using its full range of authorities to provide powerful support for the flow of credit to American families and businesses."The Federal Reserve is committed to using its full range...
Read Story
March 23, 2020, 09:15 AM
|
The Federal Reserve Board announced that it will establish a Commercial Paper Funding Facility (CPFF) to support the flow of credit to households and businesses. Commercial paper markets directly finance a wide range of economic activity, supplying...
Read Story
March 18, 2020, 09:15 AM
|
The 12 Federal Reserve Banks issued the Small Business Credit Survey: 2019 Report on Employer Firms, which examines the findings of an annual survey of small business owners nationwide. The Report focuses on small employer firms, businesses that have...
Read Story
April 17, 2019, 08:55 AM
|
Information received since the Federal Open Market Committee met in May suggests that economic activity has been expanding at a moderate pace. Labor market conditions have shown further improvement in recent months, on balance, but the unemployment...
Read Story
June 20, 2013, 07:29 AM
|