Fed Governor Philip Jefferson named as new vice chair to succeed Lael Brainard
According to the White House, President Joe Biden will nominate Philip Jefferson for the position…
Since the financial crisis of 2008, Americans have not been this concerned about their bank deposits
According to a Gallup survey, recent events may erode confidence in the U.S. financial system.…
CFTC is in talks with Binance after launching legal action, official says
An official with the Commodity Futures Trading Commission said Tuesday she hopes to reach a…
Morgan Stanley tops estimates on better-than-expected bond trading revenue
On Wednesday, Morgan Stanley reported better-than-expected trading results for the first quarter. Earnings for the…
Citigroup shares rise after first-quarter revenue tops expectations
In a Friday report, Citigroup reported higher net income and better-than-expected revenue for the first…
Bitcoin climbs above $28,000 as investors shrug off regulatory crackdowns
Bitcoin rose Wednesday as investors shrugged off fears about U.S. regulators' crackdown on industry giants.…
Dogecoin jumps more than 30% after Musk changes Twitter logo to image of shiba inu
On Monday, dogecoin's price spiked more than 30% after Twitter CEO Elon Musk replaced the…
Reports Says Federal Consumer Finance Watchdog To Tighten Bank Rules Around Money-Transfer Scams
A report published Tuesday in The Wall Street Journal reports that the Consumer Financial Protection…
Credit Suisse sheds another 8% as traders digest emergency liquidity
The shares of Credit Suisse fell 8% on Friday after soaring during the previous session…
Silicon Valley Bank dropped another 60% and was halted Friday as regulators shut it down
The shares of Silicon Valley Bank, formerly known as SVB Financial Group, tumbled for a…