On Monday, there was a sudden drop in banking stocks. It was after a long time that both private and public sector banks saw a sharp decline. A cursory look suggested it was a sectoral trend. But a ...

The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure ...

Stress tests have come under scrutiny after the Silicon Valley Bank’s collapse in March 2023. In a post-mortem report, the Fed said it must strengthen the Federal Reserve’s supervision and ...

Most banks are closed on the 11 holidays when the Federal Reserve is closed. You can usually find alternative ways to bank when your bank isn’t open. A bank holiday, like a weekend, can affect ...

Jan 16 (Reuters) - The Federal Reserve should stay independent, Trump's pick to be U.S. Treasury Secretary told a Senate panel on Thursday. "I think on monetary policy decisions, the FOMC should ...

Banks Are Putting the Federal Reserve to the "Stress Test" A coalition of major banks and business groups, including JPMorgan, Citigroup, and Goldman Sachs, are suing the fed over its annual bank ...

The complete text of the Bank Act can be found on the Department of Justice website. The following sections of the Bank Act are designated as consumer provisions: (a) paragraphs 157(2)(e), sections ...

Though the law recognizes both Martin Luther King Day and Inauguration Day as federal holidays, this does not mean that individuals working for private businesses are required to have two days of ...

Banks also consider the fed funds rate when setting the interest rates they pay on deposits and certificates of deposit (CDs). When the Federal Reserve cuts the fed funds rate, bank rates tend to ...

The Federal Reserve sets the federal funds target rate, also known as the fed funds rate, which is the interest rate at which commercial banks lend to each other overnight. Below, CNBC Select ...

The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure ...