The Federal Reserve Board said Tuesday that it had received 73 bids requesting a total of $95.914 billion in its latest term-loan auction. This was a big jump from the $84.438 billion bid for by 75 companies at the May 19 auction.
The Fed's term-loan auctions are capped at $75 billion, and the loans awarded in the most recent auction carry a 2.26% interest rate. They mature July 3.
The next term-loan auction is scheduled to be held June 16.
Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.
The Los Angeles-based subsidiary of Royal Bank of Canada is elbowing into fast-growing North Carolina and South Carolina with a strategy focused on middle market banking.
HoldCo Asset Management says that shareholders should reject Fifth Third's proposed acquisition of Comerica during a Jan. 6 vote due to what it calls an "unacceptable" negotiation process and the possible upside from another deal.
Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
