Bank stocks propel Sensex over 400 points, Nifty reclaims 23,150
Indian benchmark indices, Sensex and Nifty, opened higher on Thursday after snapping a six-day losing streak. Gains in banking and financial stocks led the upswing, bolstered by domestic inflation ...
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CBK Raises KSh 130 Billion in Loans from Kenyans in February Treasury Bonds Auction
The Central Bank of Kenya raised KSh 130 billion through the February Treasury bonds auction after receiving significantly ...
Warren, Waters Warn Bank Regulators Against Aiding ‘Unlawful’ DOGE Actions
Trump administration threw one of the nation’s banking regulators into turmoil.In their Wednesday letter, which was earlier reported by The Wall Street Journal, Sen. Elizabeth Warren (D., Mass.) and ...
Warren: Only Congress — not Trump or Musk — can 'get rid of the CFPB'
Senator Elizabeth Warren said Wednesday that the law clearly states only Congress can shutter the CFPB, setting up a ...
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When the FDIC took extraordinary action and it paid off
The Federal Deposit Insurance Corporation can cover deposits that are not insured. They did that in 2023, which required authority from the treasury secretary.
Business Times7h
US Federal Reserve’s Powell sees a ways to go on shrinking Fed holdings
OVER two days of testimony this week before Congress, US Federal Reserve chairman Jerome Powell indicated there’s no imminent ...
Stock market today: Dow leads stocks lower as hot inflation data pushes back rate cut hopes
US stocks were largely lower on Wednesday as investors digested a hotter-than-expected January inflation reading and ...
Fed's Powell sees a ways to go on shrinking Fed holdings
Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent ...
TIP: Inflation Up, U.S. Fiscal Stability Down
The risk with TIP is increased because it is inflation-backed. The Treasury can theoretically create money to repay debt, but ...
Powell backs change in bank-capital rules to boost liquidity in Treasury market
Federal Reserve Chairman Jerome Powell said Wednesday he supports a change to bank capital rules that has been on the industry's wish list At the moment, the Fed's "supplementary leverage ratio" ...
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FDIC’s McKernan Nominated as CFPB Director
In the midst of numerous dismissals and resignations at the Bureau this week, President Trump has nominated Jonathan McKernan ...
Markets trim Fed rate cut bets following hot inflation report
A hotter-than-expected inflation reading makes it much more likely that the Federal Reserve will keep rates on hold for the foreseeable future, reinforcing a cautionary stance from Jerome Powell and ...