Market Risk

A ruling by the U.S. Court of Appeals for the 9th Circuit last week allowing Nevada to regulate prediction markets like Kalshi creates a split with the 3rd Circuit, meaning the Supreme Court will ultimately have to settle the issue.

As prospects for the CLARITY Act dim, some agencies are moving to develop their own crypto-related frameworks, but questions remain about how those rules will affect the banking sector and how durable they will be.

Federal Reserve Chair Kevin Warsh reiterated his stance against offering markets forward guidance on interest rate moves and expressed concern about inflation in the first Jackson Hole speech of his tenure.

Federal Reserve Gov. Lisa Cook pushed back against the Trump administration's second attempt to remove her from the central bank over unproven allegations of mortgage fraud.

The Bureau of Economic Analysis reported that the personal consumption expenditures, or PCE, price index rose 3.7% from a year earlier, indicating that inflation remains above the Federal Reserve's target.

The Federal Deposit Insurance Corp. reported that strong profits and improvements in asset quality contributed to a strong earnings quarter for the banking industry, though capital declined and securities losses remained elevated.

The Office of the Comptroller of the Currency has granted Sau Paulo-based Itaú Bank — the largest bank in Latin America — permission to set up shop in Miami.

With the CLARITY Act stalled in Congress and GENIUS implementation ongoing, experts are questioning how much of a threat the products pose to bank deposits and services.

Treasury Secretary Scott Bessent said in an interview on CNBC Thursday that he and Office of Management and Budget Director Russell Vought have been tasked with developing a fiscal plan to reduce government spending.

President Trump lobbied again for Congress to pass the CLARITY crypto market structure bill, but paths toward this Congress doing so are treacherous with few legislative days left.

The president has initiated a for-cause process to remove the Federal Reserve Board governor from office, something only one president has successfully done before. But that century-old precedent may not offer Trump much useful guidance in his quest.

The Securities and Exchange Commission kicked off rulemaking intended to make it easier for crypto firms to raise money without having to go through the full securities registration process.

The bill, dubbed the Insider Trading Prohibition Act, sponsored by Sen. Jack Reed, D-R.I., would amend the Securities Exchange Act of 1934 to prohibit certain securities trading and related communications by people who possess material, nonpublic information.

President Donald Trump's administration has reportedly sent a letter to Federal Reserve Gov. Lisa Cook detailing his reasons for finding cause to remove her from office after the Supreme Court ruled in her favor earlier this summer.

Near-term expectations for price growth fell in the latest consumer sentiment survey from the Federal Reserve Bank of New York, but remains above the central bank's target across all time horizons.

The Federal Reserve governor said inflation is too high but said she ultimately voted last week to hold interest rates steady to give recent economic trends more time to play out.

A new Federal Reserve Bank of Boston report shows bank lending to private credit has grown over the past decade, though insight into the opaque lending market is limited.

Bond yields rose after Federal Reserve Chair Kevin Warsh's second press conference last week, and bankers may have to accept higher rates as the price of a more parsimonious Fed.

The American Bankers Association, Bank Policy Institute and Securities Industry and Financial Markets Association submitted comment letters to the Securities and Exchange Commission arguing that a proposed change to Form S-3 eligibility would make it more difficult for some banks to access the capital markets.

Federal Reserve Chair Kevin Warsh acknowledged that his limited guidance might have been a factor in rising market rates, but said whatever increased volatility can be attributed to the changes is more than offset by the benefit of a more nimble central bank.