Monetary Brief Reports News

Soul Community Federal Credit Union receives charter to serve Austell's low-income residents

The National Credit Union Administration (NCUA) has issued a federal charter and National Credit Union Share Insurance Fund coverage to Soul Community Federal Credit Union, located in Austell, Georgia.

EU-U.S. joint financial forum focuses on market stability and digital finance

The EU-U.S. Joint Financial Regulatory Forum convened on December 4-5, 2024, to discuss mutual interests within the financial regulatory dialogue.

Carlyle sells digital employee experience firm 1E to TeamViewer for $720 million

Global investment firm Carlyle has reached an agreement to sell 1E, a company specializing in Digital Employee Experience (DEX) software solutions, to TeamViewer SE.

U.S. Treasury announces $20 billion loan disbursement to aid Ukraine

The United States Department of the Treasury has announced a $20 billion disbursement to support Ukraine, as part of the $50 billion G7 Extraordinary Revenue Acceleration (ERA) Loans initiative.

Carlyle acquires majority stake in Waste Services Group from Livingbridge

Global investment firm Carlyle has announced an agreement to acquire a majority stake in Waste Services Group (WSG), a waste management business in Australia, from Livingbridge.

U.S. Treasury sanctions Zimbabwe-based global gold smuggling network

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against 28 individuals and businesses involved in a global gold smuggling and money laundering network based in Zimbabwe.

U.S. Treasury announces new sanctions on International Human Rights Day

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced new designations in recognition of International Human Rights Day, observed annually on December 10.

Inflation expectations rise as consumer financial optimism grows

The Federal Reserve Bank of New York's Center for Microeconomic Data has released its November 2024 Survey of Consumer Expectations.

Cleveland Fed hosts President Hammack's speech on economy

The Federal Reserve Bank of Cleveland, part of the US central banking system, hosted a speech by President Hammack in Cleveland, Ohio on December 6, 2024.

Financial Stability Oversight Council discusses hedge funds and life insurance sectors

U.S. Secretary of the Treasury Janet L. Yellen convened a meeting of the Financial Stability Oversight Council (Council) on December 6, 2024, at the U.S. Department of the Treasury.

Treasury Secretary Yellen highlights economic resilience at Financial Stability Oversight Council meeting

This past year has been notable for the U.S. economy, marked by a decrease in inflation, low unemployment rates, and robust economic growth.

Moody's named leader in credit data solutions by Chartis Research

On October 30, Chartis Research released its 2024 market quadrants report on Credit Data Solutions.

Global asset management outlook stabilizes amid favorable economic conditions

The global asset management industry is anticipated to see a stable outlook in 2025, as reported on December 5, 2024.

Federal Reserve reports slight economic slowdown amid mixed outlook

The Federal Reserve's latest Beige Book report indicates a slight decline in economic activity across the districts, influenced by unusual weather patterns affecting seasonal goods purchases.

NCUA reports rise in credit union loans; net income declines

The National Credit Union Administration (NCUA) has released its financial performance data for the third quarter of 2024.

Agencies outline strategies against elder financial exploitation

Five federal financial regulatory agencies, the Financial Crimes Enforcement Network (FinCEN), and state financial regulators have issued a statement to provide guidance on combating elder financial exploitation.

Treasury targets TGR Group for aiding Russian elites in sanction evasion

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on five individuals and four entities associated with the TGR Group, an international network accused of facilitating sanctions evasion for Russian elites.

Treasury releases final rules on investment tax credit to boost clean energy projects

The U.S. Department of the Treasury, in conjunction with the IRS, has released the final rules for the Section 48 Energy Credit, commonly known as the Investment Tax Credit (ITC).

Global banking outlook shifts from negative to stable amid economic stabilization

The global outlook for banks has been revised to stable from negative, driven by expectations of economic growth stabilization and monetary easing.

CFOs show increased optimism post-election despite concerns over tariffs

CFOs have shown increased optimism about the economy following the recent presidential election, according to The CFO Survey.