SEATTLE -
The Seattle bank attributed the strong earnings to an increase in net interest income from its core advance business and its reinvestment of proceeds from maturing low-yield investments into higher yielding securities.
The bank had been on a strict supervisory agreement with federal regulators until the fourth quarter last year because of troubles in its secondary mortgage market program, which it shed under the supervisory agreement.
Discussions about what David Solomon's longtime heir apparent might do as CEO surfaced following news reports that Waldron could take over as soon as next year.
Sen. Ron Wyden, D-Ore., has accused the Department of Justice and the FBI of withholding the release of an interview with a prominent banker connected to Jeffrey Epstein. A law passed earlier this year requires the DOJ to release Epstein-related files.
President Trump Wednesday evening posted on social media that former Federal Reserve Chair Jerome Powell should "be forced to resign" from the board and has instructed the attorney general to investigate.
The agency said adequate reforms are in place after a 2024 investigation found pervasive sexual harassment, discrimination and misconduct at the regulatory agency.
In a speech, Federal Reserve Gov. Christopher Waller said a new protocol will ensure data from FRED, FRASER and other databases is interpreted and sourced accurately by AI agents.
The new platform looks to personalize both client and planner profiles to create better matches and relationships.
