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

SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why

SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
SVB’s Collapse Cost $16 Billion, and Fed’s Watchdog Wants to Know Why
September 28, 2023  |  Bank Regulation

When Silicon Valley Bank (SVB) failed this spring, it shocked the market.  Get the Full Story Complete the form to unlock this article and enjoy...

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Report: 40% of CFOs Cut Spending Due to Rate Hikes
Report: 40% of CFOs Cut Spending Due to Rate Hikes
September 28, 2023  |  CFO

A new survey finds a growing number of CFOs trimming spending due to higher interest rates. Get the Full Story Complete the form to unlock...

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Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
Bank of America CEO Brian Moynihan Expects Soft Landing for Economy
September 27, 2023  |  Economy

Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession.  Get the...

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FedNow Unveils Market Practices to Promote Instant Payment Feature
FedNow Unveils Market Practices to Promote Instant Payment Feature
September 26, 2023  |  Real-Time Payments

The Federal Reserve has unveiled market practices aimed at promoting the standardized implementation of the request for payment (RFP) feature of the FedNow® Service. Get the Full Story...

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Higher for Longer Means Tougher for Longer for FinTechs
Higher for Longer Means Tougher for Longer for FinTechs
September 24, 2023  |  Fintech Investments

The Federal Reserve said last week that higher interest rates could stick around. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Federal Reserve Reduces Staff for First Time Since 2010
Federal Reserve Reduces Staff for First Time Since 2010
September 22, 2023  |  Personnel

The Federal Reserve is reportedly reducing its workforce, cutting approximately 300 positions this year. Get the Full Story Complete the form to unlock this article...

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FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 
FinTech IPO Index Loses 5.8% as Platforms Plunge, Offset Spate of Partnership Announcements 
September 22, 2023  |  Fintech Investments

Partnerships were the prime source of headlines this past week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
Philly Fed Data Offers Snapshot of Main Street Small Business Funding Pressures
September 21, 2023  |  Economy

The Philadelphia Federal Reserve’s September Manufacturing Business Outlook Index offers up a monthly survey of manufacturers’ current business conditions and their outlook on what’s to...

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