Groundbreaking on single-family homebuilding projects in the United States increased by the highest in more than three decades in May, and permits for future construction also increased.
Tag: Federal reserve
Fed, SEC Probing Goldman Sachs’s Role in SVB’s Final Days
The Federal Reserve and the Securities and Exchange Commission are investigating Goldman Sach’s role in buying Silicon Valley Bank’s securities portfolio while it was working on its doomed capital raise before the bank’s failure, according to people familiar with the matter.
Climate Change Not ‘Serious Risk’ to Financial Stability, Fed’s Waller Says
Climate change does not pose such “significantly unique or material” financial stability risks that the Federal Reserve should treat it separately in its supervision of the financial system, Fed Governor Christopher Waller said on Thursday.
Fed Seeks Sweeping Changes to Bank Rules in Aftermath of SVB Failure
The Federal Reserve’s bank-supervision chief called for an extensive reevaluation of how the institution oversees US financial firms following the failure of Silicon Valley Bank.
SVB-Fueled Turmoil Debunks Lessons of the Global Financial Crisis
The turmoil touched off by the collapse of Silicon Valley Bank has demolished much of what the Federal Reserve, political leaders and investors thought they had learned from the global financial crisis of 2007-09.
Banks Considering Cryptocurrency Activities Get Federal Reserve Guidance
The Federal Reserve of the United States issued additional guidance for banks considering cryptocurrency-related activities on Tuesday, emphasizing that firms must notify the Fed ahead of time and ensure that whatever they do is legally permissible. According to the Fed, while cryptocurrencies may present “potential opportunities” for banks, firms must ensure they have systems in… Continue reading Banks Considering Cryptocurrency Activities Get Federal Reserve Guidance
Fed Prepares to Launch Review of Possible Central Bank Digital Currency
The Federal Reserve plans as early as this week to launch a review of the potential benefits and risks of issuing a U.S. digital currency, as central banks around the world experiment with the potential new form of money. Fed officials are divided on the matter, making it unlikely they will decide any time soon… Continue reading Fed Prepares to Launch Review of Possible Central Bank Digital Currency
The Fed Warns of Unprecedented Economic Risks
The U.S. economy faces unprecedented risks from the coronavirus if fiscal and monetary policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell said while pushing back against the notion of deploying negative interest rates. “The recovery may take some time to gather momentum, and the passage of time can turn liquidity problems… Continue reading The Fed Warns of Unprecedented Economic Risks
Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses
The Federal Reserve unveiled an array of programs Thursday that it said would provide $2.3 trillion in loans, expanding the Fed’s operations to reach small and midsize businesses and U.S. cities and states. The Fed also said it would expand previously announced corporate lending programs to include some classes of riskier debt that had been… Continue reading Fed Expands Corporate-Debt Backstops, Unveils New Programs to Aid States, Cities and Small Businesses