by Ken Chase | Jul 5, 2022 | Banks, Market
Estimated reading time: 2 minutes When the Federal Reserve announced the results of its annual bank stress tests in June, confirming that large U.S. banks have the capital reserves necessary to withstand even a severe economic recession. Though the most extreme stress...
by Ken Chase | Jun 22, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The U.S. Securities and Exchange Commission (SEC) is reportedly investigating the asset management arm of banking giant Goldman Sachs as part of its heightened scrutiny of asset funds that focus on environmental,...
by Ken Chase | Jun 22, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes As many analysts predicted, the U.S. Federal Reserve ramped up its efforts to rein in persistently high inflation by increasing its benchmark interest rate by 75 basis points on Wednesday, the largest increase in nearly...
by Ken Chase | Jun 22, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes Ontario-based Canadian bank VersaBank has announced its bid to purchase a single U.S. bank branch in Holdingford, Minnesota for $13.5 million. If the offer is approved by U.S. and Canadian regulatory authorities, the...
by Ken Chase | Jun 13, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The Senate Banking Committee voted 17-7 on Wednesday afternoon to approve President Joe Biden’s nomination of Michael Barr to serve as the vice chair of banking supervision at the Federal Reserve. The bipartisan vote...
