Merrill Lynch has reportedly agreed to settle a lawsuit accusing it of underpaying brokerage customers. The Bank of America-owned brokerage will pay $39 million in the settlement,...
The Federal Reserve just made corporate cash strategic again. The Fed on Wednesday (Sept. 16) raised its benchmark interest rate by a quarter percentage point,...
The Federal Reserve on Wednesday (Sept. 16) raised the target range for the federal funds rate by a quarter percentage point to 3.75% to 4%,...
Corporate cash forecasting was easier to tolerate as an imperfect discipline when idle cash earned almost nothing. After all, for most of the zero-rate era,...
Several banking associations filed an amicus brief Tuesday (July 28) supporting a case that challenges an Oregon law (House Bill 4116) that caps interest rates...
Citigroup changed its expectations for a Federal Reserve interest rate cut, Reuters reported Thursday (June 18). The banking giant is a “longstanding Fed dove” among...
Lower-income Americans are facing high levels of economic insecurity and financial strain, according to the Federal Reserve Bank of New York. These pressures have contributed...
Federal Reserve Governor Christopher Waller says interest rates should remain steady amid continued inflation. “With regard to future rate cuts, I am going to need...