A coalition of major banks and business groups, including JPMorgan, Citigroup, and Goldman Sachs, are suing the fed over its annual bank stress tests.
In the years after the Great Recession, banks chose to keep some $420 billion in their reserves rather than loan it out to ...
Every year the Federal Reserve conducts a stress test on about 30 U.S. banks to evaluate their ability to withstand economic crises, using hypothetical scenarios such as when the unemployment rate ...
The Federal Reserve’s top financial regulator said Monday that he would resign next month, avoiding a potential confrontation ...
The Federal Reserve Board on Monday announced the designation of the Chairs and Deputy Chairs of the 12 Federal Reserve Banks ...
A group of banks and business groups are suing the Federal Reserve over the annual bank stress tests, saying the current process falls short of its goals. The suit comes from the Bank Policy ...
The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...
Although the Federal Reserve is — and thinks of itself as — part of the government, 100 percent of the $37 billion in paid-in ...
The Fed’s top bank cop, Michael Barr, is stepping down early to avoid a legal battle with Trump. If the Federal Reserve is ...
including the Bank Policy Institute, have filed a lawsuit on Tuesday against the Federal Reserve for violating federal law with the "opaque aspects of the stress testing framework." "For years ...
Trade groups representing the country’s biggest banks sued the Federal Reserve on Tuesday, accusing it of using an opaque process to test banks’ resiliency during annual stress tests.