Economic news

Richmond Federal Reserve Bank President Jeffrey Lacker’s revelation that he was behind a 2012 leak may embolden the central bank’s critics in Congress.

Amid a rising rate environment, political uncertainty and rising delinquency, credit unions can still take steps to protect their bottom lines.

Richmond Fed President Jeffrey Lacker resigned Tuesday after revealing that he inadvertently disclosed confidential information about monetary policy to an analyst in 2012.

Craig Esrael is the latest credit union CEO to be appointed to a three-year term on a Fed panel.

Readers sound off on airing political opinions at the office; putting banks and fintechs under the same regulatory umbrella; putting consumer needs first regardless of tech advancements; and more.

Slock.it says its current project will enable people to exchange the ownership of devices connected to the internet of things.

JPMorgan Chase is in talks to buy a Dublin office building as the bank considers expanding in the Irish capital as one of its options for when Britain leaves the European Union, according to people with knowledge of the matter.

Amey Sgrignoli will join the Community Depository Institutions Advisory Council for a three-year term.

The Federal Reserve sent nearly $91.5 billion to the U.S. Treasury, according to the central bank’s annual independent audit released Friday.

Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.

Lee Butke of Corporate One FCU and Robert Burrow of Bayer Heritage FCU are among the appointees to the Federal Reserve Bank of Cleveland's Community Depository Institutions Advisory Council.

Brave, founded by JavaScript creator and former Mozilla CEO Brendan Eich, intends to issue a cryptocurrency to fund the development of a new way to buy and view digital ads.

Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures.

BloqLabs, created by the startup Bloq, wants to help developers get their projects in front of enterprise clients.

Banks of all stripes are cheering what the Federal Reserve’s accelerated rate increases promise for net interest income, but big banks and small banks have conflicting notions about how they want to price deposits in the coming months.

The Federal Reserve’s Federal Open Market Committee on Wednesday raised the federal funds rate 0.25%, marking only the third rate hike since the financial crisis.

If the Federal Reserve and other central banks began issuing their own digital currencies, they could benefit consumers, boost the economy and fight financial crime. But not without risks to cybersecurity, individual privacy — and possibly bank profits.

Bank of America views Dublin as its default destination for a new hub inside the European Union if Brexit means the U.K. loses easy access to the single market, according to one of the firm's top executives in Germany.

Raphael Bostic, an economist and a professor of public policy at the University of Southern California, has been named the 15^th president of the Federal Reserve Bank of Atlanta, and will become the first African-American to head a regional Fed bank.

Mobile money apps have proven to be a major force in building financial services in emerging economies, but under the hood they can be starkly different.