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CENTRAL BANKING
Fed’s Powell: Economic ‘Reopening’ Could Lead to a…
Federal Reserve Chairman Jerome Powell said on March 4 that he expects inflation to increase temporarily in…
Square Inc. starts its industrial banking operations; buys TIDAL
Square Inc. announced its industrial bank, Square Financial Services, has begun operations, on March 1st,…
Fed’s Wire Transfer System for Banks Experienced a Several Hour…
The Federal Reserve's system that allows banks to wire transfer money back and forth went down for several…
M&T Bank to buy People’s United Financial for $7.6 billion
M&T Bank plans to buy People’s United Financial for $7.6 billion in an all-stock transaction. The combined…
10-Year Treasury Yield Dips after Recent Surge
The 10-year U.S. Treasury yield fell slightly on March 1, trading below the high water mark from the week of…
Federal Reserve Governor outlines Climate Change Combat Policies
Federal Reserve Governor Lael Brainard outlined climate change combat policies before the 2021 Institute of…
Brex Files Application for Industrial Bank Charter with FDIC
Fintech Brex announced in a statement on Feb. 19 that it has submitted an application with the Federal Deposit…
Varo Bank raises $63 million from NBA player Russell Westbrook
Varo Bank raised $63 million from NBA all star player Russell Westbrook’s organization, Russell Westbrook…
Fed’s Williams: High Market Prices Justified by Economic Growth and…
New York Federal Reserve President John Williams said on Feb. 19 that high market prices are justified in the…
Banks evaluate shuttering branches amid rising digital banking adoptions
COVID-19 has given a boost to digital banking channels that were on the rise in the past couple of years. The…