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Federal Reserve reports modest economic activity increase in Fifth District

The Federal Reserve has released its latest report on economic activity in the Fifth District, noting a modest overall increase.

Cryptocurrency Market Update: What changed today — March 3, 2025?

Tracking today’s crypto price changes across Binance Coin, Bitcoin, Ethereum, and other key cryptocurrencies on March 3, 2025.

Treasury sanctions Iranian head of darknet marketplace tied to drug sales

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on Behrouz Parsarad, an Iran-based individual identified as the sole administrator of Nemesis, a darknet marketplace involved in illegal drug sales.

Cryptocurrency Market Update: What changed today — March 2, 2025?

Here’s how Bitcoin, Ethereum, Binance Coin, and other key cryptocurrencies performed on March 2, 2025.

NCUA alters policy on publishing overdraft fee data

The National Credit Union Administration (NCUA) has announced a significant change in its policy regarding the publication of overdraft and non-sufficient fund (NSF) fee income for individual credit unions.

Foreign holdings of U.S. securities rise to over $31 trillion

Preliminary data from the June 2024 benchmark survey on foreign portfolio holdings of U.S. securities has been released by the Treasury Department.

NCUA prohibits former Altana Federal Credit Union employee from working in federally insured institutions

The National Credit Union Administration (NCUA) has issued a consent order in February 2025, permanently prohibiting an individual from participating in the affairs of any federally insured depository institution.

Global Coalition holds virtual meeting to discuss strategies against ISIS financing

The United States, Italy, and Saudi Arabia recently held the 21st meeting of the Counter ISIS Finance Group (CIFG), part of the Global Coalition to Defeat ISIS.

Treasury Secretary discusses US-Qatar relations with finance minister

Secretary of the Treasury Scott Bessent held a meeting with Qatari Finance Minister Ahmed al Kuwari to discuss key issues between their countries.

Carlyle and Arcmont finance €470 million package for Italy's Bianalisi

Carlyle's Global Credit platform and Arcmont Asset Management have announced a €470 million financing package for Bianalisi, an Italian healthcare diagnostics company.

Treasury Secretary discusses trade policy with Korea's acting president

Secretary of the Treasury Scott Bessent engaged in a discussion with Korea's Acting President Choi Sang-mok.

Federal Reserve Bank of Cleveland outlines role in economic stability

The Federal Reserve Bank of Cleveland plays a crucial role in the U.S. central banking system.

Treasury Department announces new senior appointments

Secretary of the Treasury Scott Bessent has announced several key appointments to senior positions within the U.S. Department of the Treasury.

Philadelphia Fed's Harker emphasizes continued focus on inflation control

Federal Reserve Bank of Philadelphia President and CEO Patrick Harker addressed inflation concerns during a speech at the University of Delaware.

NCUA reports Q4 growth in share insurance fund

The National Credit Union Administration (NCUA) Board convened for its second open meeting of 2025, where the Chief Financial Officer presented a report on the performance of the National Credit Union Share Insurance Fund for the fourth quarter...

Regulators update bank stress test approaches amid global economic uncertainties

Regulatory bodies in the US, EU, and UK have announced their respective strategies for stress testing banks.

BIS outlines guidelines for managing artificial intelligence at central banks

A recent report by the Bank for International Settlements (BIS) examines the increasing use of artificial intelligence (AI) by central banks and provides guidance on establishing effective AI governance frameworks.

Treasury Department announces new senior appointments under Secretary Scott Bessent

Secretary of the Treasury Scott Bessent has announced several key appointments for senior positions within the U.S. Department of the Treasury.

EBA sets new standards for centralized bank disclosure hub

The European Banking Authority (EBA) has finalized the implementing standards for the Pillar 3 Data Hub (P3DH), which will centralize prudential disclosures of banks and make this data publicly available through a single electronic access point.

US targets Chinese firms linked to Iranian drone parts procurement

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has targeted six entities based in Hong Kong and China.