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Private Credit Redemption Requests Surge 56% to $12 Billion in Q2 2026
Investor withdrawal requests from major private credit funds climbed by $4.3 billion quarter-over-quarter, representing a 56% surge. Total redemptions for the...
Wall Street presses Fed to soften Basel rules, citing liquidity risks
Major U.S. banks submitted final comment letters to the Federal Reserve requesting softer Basel Endgame capital requirements. Financial institutions are...
Fed holds rates at 3.75%, signaling hawkish shift under Chair Warsh
The Federal Open Market Committee held the federal funds rate steady at a range of 3.50% to 3.75%. New Federal Reserve Chair Kevin Warsh concluded his debut...
Fed Chair Kevin Warsh Opens First Meeting, Targeting Three-Year Inflation High
The Federal Open Market Committee (FOMC) began its two-day monetary policy meeting today. This session is the first chaired by Kevin Warsh, who succeeded...
ODNB and National Capital Merge, Forming $2.4 Billion D.C. Banking Leader
ODNB Financial and National Capital Bancorp (OTC: NACB) signed a definitive merger of equals agreement. The deal creates a new community bank holding company...
US Regulators Probe Bank AI Use, Citing Data and Security Risks
The Federal Reserve, FDIC, and OCC are intensifying probes into bank AI deployment, according to Reuters. Regulators are focusing on data governance,...
ECB Hikes Rates to 2.25%, Targeting Inflation From Iran Conflict
The European Central Bank (ECB) raised its benchmark interest rate to 2.25% on Thursday. The 0.25 percentage point increase marks the first major central bank...
EU sanctions 90 Russian banks and crypto firms to close loopholes
The European Union launched its 21st sanctions package against Russia on June 10, 2026. These measures target 90 Russian banks, bringing the total number of...
Fed to hold rates through 2026, following blowout jobs report
A Reuters poll shows a majority of economists expect the Federal Reserve to hold interest rates steady through 2026. This marks the first clear consensus for a...
JPMorgan Eyes $20 Billion Acquisition, Seeking Strategic Growth
JPMorgan Chase CEO Jamie Dimon announced the bank is prepared to spend up to $20 billion on a major acquisition. Speaking at a New York financial conference,...
Federal Reserve swears in Kevin Warsh, signaling potential rate hikes amid inflation
Kevin Warsh took the oath of office as Federal Reserve Chairman on Friday. He succeeds Jerome Powell during a period of persistent inflation. Geopolitical...
TD Bank Deploys Agentic AI, Cutting Mortgage Processing Times to Minutes
TD Bank Group launched its first agentic AI model to automate mortgage and Home Equity Line of Credit (HELOC) applications. This deployment initiates an...
Fed Proposes Restricted Fintech Accounts, Curbing Access to Credit and Interest
The U.S. Federal Reserve proposed a new, limited payment account type for fintech firms on May 21, 2026. These accounts provide access to Fed payment...
Fed proposes fintech payment accounts, seeking to speed up transactions
The U.S. Federal Reserve is seeking public comment on a proposal to create limited-purpose payment accounts for fintech companies and non-federally insured...
House Subcommittee reviews BSA overhaul, signaling major bank compliance shifts
The House Subcommittee on National Security, Illicit Finance, and International Financial Institutions held a hearing on May 21, 2026. Titled "Modernizing the...
Fed officials clash over rate cuts, citing 3.8% inflation surge
The Federal Reserve's April 28-29 minutes reveal internal conflict regarding future interest rate directions. Several policymakers expressed unease with the...
Fed Minutes Show Deepest Dissent Since 1992, Fueling 2026 Rate Hike Bets
The Federal Reserve released minutes from the April 28-29 policy meeting, the final session chaired by Jerome Powell. The report documented the highest level...
Berkshire Hathaway Exits Visa and Amazon, Pivoting to Travel Under Greg Abel
Berkshire Hathaway overhauled its investment portfolio during the first quarter of 2026 under new CEO Greg Abel. Regulatory filings released May 20, 2026, show...
Trump Orders Banks to Scrutinize Immigration Status, Citing National Security
President Donald Trump signed the Restoring Integrity to America's Financial System executive order on May 20, 2026. This directive requires U.S. banks and...
JPMorgan launches Chase in Germany, expanding its European retail footprint
JPMorgan Chase launched its digital-only retail bank, Chase, in Germany on May 20, 2026. Germany represents the bank’s second European retail market after its...