Politics

A luxury yacht formerly owned by sanctioned Russian businessman Dmitry Pumpyansky will be sold at auction on Tuesday after the billionaire failed to repay JPMorgan Chase a loan, according to an auctioneer's website.

The $369 billion directed toward climate preparedness in the Inflation Reduction Act is expected to reverberate through the economy for years to come and could supercharge private investment in the nation's clean energy sector. 

How many more decisions will CFPB Director Rohit Chopra make without appropriate stakeholder input?

The Federal Reserve looks to be paying closer attention to a potential pinch-point that rankled dollar funding markets almost three years ago and could at some stage become a catalyst for ending early officials' plans to shrink the U.S. central bank's expanded balance sheet.

U.S. central bankers offered divergent signals over the size of the next interest rate hike, with St. Louis's James Bullard urging another 75-basis-point move while Kansas City's Esther George struck a more cautious tone.

In their public battles over the issue of credit union buyouts of banks, bankers and credit union executives are forgetting to ask some key questions.

The law, signed by President Biden on Tuesday, represents the single largest investment towards climate preparedness in the history of the federal government.

There are numerous groups that would love for financial institutions to embrace their causes. But executives need to think through the potential consequences of becoming politically active.

A new bipartisan senate caucus organized around community development financial institutions is just the latest sign that the sector's political influence is reaching new heights. 

The Federal Reserve Board's new guidance comes as the central bank is slated to decide whether to grant Custodia, a Cheyenne, Wyo.-based crypto firm, a master account.

Rep. Carolyn Maloney has emerged as a champion of overdraft reform in the House but faces a challenging primary against fellow Democratic Rep. Jerry Nadler next Tuesday.

A growing number of Wall Street banks are willing to trade Russian bonds that were once viewed as untouchable.

An account of the debate at the Federal Reserve's July policy meeting, set to be published after two weeks of whiplash on Wall Street, will probably offer clues as to what would push the central bank to go big with tightening yet again in September.

The House passed the legislative package, which includes an excise tax on stock buybacks, in a 220-207 vote.

A group of Democratic senators led by Elizabeth Warren is redoubling efforts to get Wall Street's main regulator to clamp down on executives' ability to use inside information to make well-timed stock trades. 

Ukraine is calling on President Biden's administration to sanction all Russian private banks to help end President Vladimir Putin's ability to wage war, according to Kyiv's envoy to Washington.

An alternative metric might have led the Federal Reserve to take earlier action against rising prices.

The remittance provider claims the Consumer Financial Protection Bureau worked to ensure it could file the case in a venue that would be more receptive to its claims.

U.S. Sen. Elizabeth Warren rebuked Federal Reserve Chair Jerome Powell for withholding information on trading by central bank officials during the pandemic and said an investigation into the matter by the Fed's inspector general was "troubling."

The new vice chair for supervision selected a career Federal Reserve staffer to oversee the implementation of his supervisory and regulatory policies. Progressives had been urging him to pick an outsider for the position.