Inflation Alert! Fed Governor Michelle W Bowman: 'once we achieve a sufficiently restrictive federal funds rate, it will need to remain at that level for some time'
Source: https://www.federalreserve.gov/newsevents/speech/bowman20230110a.htm
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CFTC submits a special filing at 4:15 p.m. for a CLOSED meeting that occurred today at 4:00 p.m. to consider litigation matters.
The Commodity Futures Trading Commission (CFTC) held a closed meeting today at 4:00 p.m. to address litigation matters. A special filing regarding the meeting was submitted at 4:15 p.m. No further details about the litigation matters discussed were provided but it is always curious when they
FDIC Second Quarter Quarterly Banking Profile: "The vast majority of community banks (96.7%) reported unrealized losses on securities."
Today the FDIC released second quarter financial results in its latest Quarterly Banking Profile published today.
U.S. commercial banks and savings institutions insured by the FDIC reported $71.5 billion in net income for Q2 2024, a $7.3 billion (11.4%) increase from the previous quarter, driven by
SEC Charges 6 Credit Rating Agencies with significant recordkeeping failures. The Firms admit to wrongdoing and agree to pay penalties totaling more than $49 million to settle SEC charges.
The Securities and Exchange Commission (SEC) announced charges against six nationally recognized statistical rating organizations (NRSROs) for failing to maintain and preserve electronic communications as required by federal securities laws. The firms admitted to the violations, agreed to pay over $49 million in combined civil penalties, and have begun implementing