federal reserve

Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

Source: federalreserve.gov

Wells Fargo Hobbled By The Fed, $400M In Profits At Risk

Wells Fargo Hobbled By The Fed, $400M In Profits At Risk
Wells Fargo Hobbled By The Fed, $400M In Profits At Risk
February 05, 2018  |  Legal & Regulation

Wells Fargo is replacing four members of its board and will be prevented from growing beyond a certain asset level under a rare action by...

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Consumer Credit Hit Record $27.95B In November
Consumer Credit Hit Record $27.95B In November
January 09, 2018  |  Consumer Finance

New data from the Federal Reserve shows that outstanding consumer credit rose by $27.95 billion in November from the previous month, the largest increase in...

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December Jobs Report Falls Short
December Jobs Report Falls Short
January 05, 2018  |  Economy

The U.S. labor market slowed a bit more than economists expected in December, with a noted slip in retail employment. Get the Full Story Complete...

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New York Fed Begins Search For Next President
New York Fed Begins Search For Next President
January 03, 2018  |  B2B Payments

The New York Federal Reserve has begun its search for its next president to follow outgoing Chief William Dudley. According to reports in Bloomberg Markets,...

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Bitcoin Down In First Day Of New Year Trading
Bitcoin Down In First Day Of New Year Trading
January 03, 2018  |  Bitcoin

The decline in the value of bitcoin carried into 2018, with the cryptocurrency down in trading on Tuesday (Jan. 2), marking the first time the...

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Short Bitcoin Contracts Increase
Short Bitcoin Contracts Increase
January 03, 2018  |  Bitcoin

Net short bitcoin contracts surged in the week of trading kicking off on Dec. 26, as investors bet the bitcoin futures traded on the Cboe...

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CFPB Releases Its Consumer Credit Report Card
CFPB Releases Its Consumer Credit Report Card
December 28, 2017  |  CFPB

December 2017 is something of an anniversary for Americans – though one they probably don’t like to celebrate. Get the Full Story Complete the form...

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Number Of Remote Card Payments Rose 16.6 Percent Last Year
Number Of Remote Card Payments Rose 16.6 Percent Last Year
December 22, 2017  |  Payment Methods

Credit card payments jumped sharply from 2015 to 2016, surpassing all other types of card payments, the Federal Reserve said in a new report on...

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