WASHINGTON (Reuters) -Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit U.S. economy back on track when they appear before Congress this week, but are likely to face tough questions on hot-button social and economic issues. | Video
WASHINGTON, May 25 Wall Street bank chiefs will
tout the role their institutions have played in getting the
pandemic-hit U.S. economy back on track when they appear before
Congress this week, but they are likely to face tough questions
on hot-button social and economic issues.
WASHINGTON The U.S. nonprofit Digital Dollar Project said on Monday it will launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, the first effort of its kind in the United States.
WASHINGTON (Reuters) -The U.S. Congress will hold hearings next month with the chief executives of major Wall Street banks as Democratic lawmakers step up scrutiny of the role lenders have played in helping struggling Americans recover from the COVID-19 pandemic.
WASHINGTON Market participants this week staked out their positions on how to fix systemic risks in the $4.9 trillion U.S. money market fund industry, in what is shaping up to be the first big fight for U.S. President Joe Biden's financial regulators.
WASHINGTON The U.S. Federal Reserve is monitoring the implosion of New York fund Archegos Capital and analyzing why some banks suffered billions of dollars in losses, but the incident does not raise broader systemic risk worries, Fed Chair Jerome Powell said.
WASHINGTON U.S. equity markets will continue booming in the short to medium term on strong economic growth and easy monetary conditions despite already stretched valuations, according to the International Monetary Fund's (IMF) annual financial stability report.
WASHINGTON A Brooklyn man indicted for an insider trading scheme used information from a Bloomberg News reporter about certain deals to trade, according to a review of the charging documents, in a case that comes as the volume of leaked information about mergers and acquisitions is rising.