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U.S. reports increase in portfolio holdings of foreign securities at end of 2024

Preliminary data from an annual survey conducted by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System shows that U.S. portfolio holdings of foreign securities...

Fincen highlights risks posed by Chinese money laundering networks linked to drug cartels

The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the Treasury, has released an advisory and financial trend analysis focused on Chinese money laundering networks (CMLNs).

Federal Reserve Bank of Cleveland mourns former president W. Lee Hoskins

The Federal Reserve Bank of Cleveland has announced the death of W. Lee Hoskins, who served as its president and chief executive officer from October 8, 1987 to November 15, 1991.

Treasury targets North Korean IT worker network funding weapons programs

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against several individuals and entities for their involvement in a fraudulent information technology (IT) worker scheme connected to the...

Federal Reserve System CISO Tammy Hornsby-Fink wins second national ORBIE award

On August 14, Tammy Hornsby-Fink, Chief Information Security Officer (CISO) for the Federal Reserve System, received the 2025 National ORBIE award in the CISO Large Enterprise category.

Carlyle agrees to acquire Altera Infrastructure’s FPSO business

Global investment firm Carlyle has announced an agreement to acquire the Floating Production, Storage and Offloading (FPSO) business of Altera Infrastructure Group.

FDIC reports slight dip in banking sector profits amid higher provision expenses

The Federal Deposit Insurance Corporation (FDIC) has released its Quarterly Banking Profile for the second quarter of 2025, showing that FDIC-insured commercial banks and savings institutions reported a return on assets (ROA) of 1.13 percent and...

Incoming UC Berkeley student focuses on fusion for future clean energy solutions

Inès Pajot, an incoming first-year student at the University of California, Berkeley, has described her journey from early science classes in Paris to cofounding a global climate coalition and pursuing clean energy solutions.

Federal Reserve announces final capital requirements for large banks effective October 1

The Federal Reserve Board has announced final individual capital requirements for large banks, which will take effect on October 1.

NCUA bars two former credit union employees following consent-based prohibition orders

The National Credit Union Administration (NCUA) announced the issuance of two consent-based prohibition orders in August 2025.

Ncua liquidates members first of maryland federal credit union; aberdeen proving ground assumes accounts

The National Credit Union Administration (NCUA) has liquidated Members First of Maryland Federal Credit Union, located in Baltimore, Maryland.

Payments System Board reviews CHESS incident response, cash distribution challenges

At its August 2025 meeting, the Payments System Board reviewed several key issues affecting Australia's financial market infrastructure and payments system.

NCUA seeks stakeholder input at upcoming strategic plan town hall

The National Credit Union Administration (NCUA) will hold a Strategic Plan Town Hall on Tuesday, September 9 at 2 p.m. Eastern.

Federal Reserve Board releases minutes of July 2025 discount rate meetings

The Federal Reserve Board has released the minutes from its meetings held on July 21 and July 30, 2025.

Carlyle agrees to acquire intelliflo from Invesco for up to $200 million

Global investment firm Carlyle has announced an agreement to acquire intelliflo from Invesco, a global asset management company.

IBM partners with AMD on next-generation quantum-centric supercomputing

IBM and AMD have announced a collaboration to develop new computing architectures that combine quantum computers with high-performance computing systems.

Keith Morton retiring after nearly four decades at NCUA

Keith Morton, Regional Director of the Southern Region at the National Credit Union Administration (NCUA), will retire on August 29, 2025.

Cleveland Fed hosts webinar on workforce development in Ohio’s semiconductor industry

The Federal Reserve Bank of Cleveland will host an online webinar on August 25, 2025, focusing on strategies to meet workforce needs in Ohio’s growing semiconductor and related industries.

Bank of Canada survey shows cautious optimism on growth but continued downside risks

The Bank of Canada has released the results of its Market Participants Survey for the second quarter of 2025, which gathers economic forecasts and risk assessments from approximately 30 financial market participants.

Canada Border Services Agency and RCMP receive Bank of Canada counterfeit deterrence award

A joint team from the Canada Border Services Agency (CBSA) and the Royal Canadian Mounted Police (RCMP) has received the Bank of Canada’s annual counterfeit deterrence award.