Hassett: Fed rate has ‘not a lot of room to go up from here’
The White House’s top economist says inflation is already at the Fed’s 2% target and suggested that further rate hikes could jeopardize growth.
Valley will gain low-cost deposits from deal for Bluevine
The New York-based bank says the small-business fintech’s cheaper deposits will help reduce its reliance on costly wholesale sources.
Fed watchdog flags gaps in security incident oversight
The Federal Reserve’s Office of Inspector General released a report Monday highlighting weaknesses in how information security incidents are identified and resolved.
OCC’s Gould limiting examiner time at banks
Comptroller of the Currency Jonathan Gould said he is imposing limits on how many days examiners can spend at banks they oversee, part of the agency’s ongoing push to narrow supervision.
Lending, coding, manual work: Citi Ventures places AI bets
Citi is an aggressive customer of and investor in AI companies. Arvind Purushotham, head of Citi Ventures, shares what he’s currently looking for.
Treasury taps Jefferies strategist David Zervos as counselor
Zervos has argued that the Federal Reserve’s monetary policy is too restrictive and backed Treasury’s expanded buybacks of long-term debt.
Another judge rejects Trump’s attempt to halt CFPB funding
A federal judge ruled that the Trump administration’s attempt last year to halt funding for the Consumer Financial Protection Bureau was unlawful and unconstitutional. Two other judges have issued similar decisions.
Predictions and risks for the payments sector
Molly Hugar, SVP, Lead Payment Advisor at KeyBank, discusses the future of on-chain payments at her bank.
Where embedded payments are headed
Molly Hugar, SVP, Lead Payment Advisor at KeyBank, discusses the future of on-chain payments at her bank.
How to get companies to adopt faster and more automated payments
Molly Hugar, SVP, Lead Payment Advisor at KeyBank, discusses the future of on-chain payments at her bank.