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Federal Reserve ends enforcement action with Perry County Bancorp and Du Quoin State Bank

The Federal Reserve Board has announced the termination of an enforcement action involving Perry County Bancorp Inc. and Du Quoin State Bank, both based in Du Quoin, Illinois.

Richmond Fed President Tom Barkin to speak at rural growth conference

Richmond Fed President Tom Barkin is set to deliver a speech on May 20, 2025, at the Investing in Rural America Conference.

European Commission advances regulatory framework impacting banks with focus on AI integration

The European Commission (EC) is making strides in shaping the regulatory landscape for banks, focusing on clarifying rules around general-purpose AI and launching initiatives like the AI Continent Action Plan.

Agencies release updated host state loan-to-deposit ratios

Federal bank regulatory agencies have issued updated host state loan-to-deposit ratios, as required by law.

Australia's agriculture sector faces mixed prospects amid global trade shifts

Australia's agriculture sector is set to face a challenging yet opportunity-laden year in 2025.

Cleveland Fed reports rise in CEO inflation expectations for Q2 2025

Inflation expectations among U.S. business leaders have risen in the second quarter of 2025, as reported by the Survey of Firms’ Inflation Expectations (SoFIE), published by the Cleveland Fed’s Center for Inflation Research.

EBA announces updates impacting resolution planning and real estate risk assessment

The European Banking Authority (EBA) has released two significant updates affecting banks.

UK PRA outlines new policies on step-in risk and other financial regulations

The UK Prudential Regulation Authority (PRA) has unveiled several key documents and updates, including its Business Plan for 2025/26, a consultation paper on climate risk management expectations for banks, prudential expectations on significant...

Treasury Secretary meets with Bahamian Prime Minister to discuss financial sector growth

U.S. Secretary of the Treasury Scott Bessent held a meeting with Prime Minister Philip Davis of the Bahamas on May 6, 2025.

Scott K.H. Bessent outlines U.S. economic strategies before House Committee

Secretary Scott K.H. Bessent addressed the United States House of Representatives Committee on Financial Services, discussing key aspects of the current administration's economic strategy and achievements.

Siblings find new paths at UC Berkeley after life challenges

Two years ago, siblings Ryan and Melissa Mattson began their journey at UC Berkeley as undergraduate history majors.

Treasury plans pilot program for foreign investors with fast track process

Today, the U.S. Department of the Treasury announced its plan to establish a fast track process aimed at increasing investment in U.S. businesses from allied and partner countries.

Treasury targets Chinese firms over imports of Iranian oil

The Department of the Treasury's Office of Foreign Assets Control (OFAC) has intensified its efforts against Iran's oil exports by designating Hebei Xinhai Chemical Group Co., Ltd., a "teapot" refinery, and three port terminal operators in...

University Medal finalists show resilience amidst global turbulence

The University Medal finalists of 2025 have demonstrated resilience and commitment to idealism, according to a recent announcement.

UC Berkeley honors Asher Cohen as 2025 University Medalist

In a room soon to be vacated by Asher Cohen, the 2025 UC Berkeley University Medalist, mementos from his senior year reflect a diverse range of interests.

UC Berkeley alumni win multiple Pulitzer Prizes across various categories

The Pulitzer Prize Gold Medal, which features Ben Franklin on one side and a printer at work on the other, is awarded annually to the American news organization that wins in the public service category.

Black hole found far from galactic center raises questions about galaxy evolution

Astronomers from the University of California, Berkeley, have made a significant discovery in the field of black hole research.

Jonathan McKernan nominated for undersecretary role at U.S. Treasury

Secretary of the Treasury Scott Bessent has announced President Trump's intention to nominate Jonathan McKernan for the position of Undersecretary of Domestic Finance at the U.S. Department of the Treasury.

Federal Reserve representative addresses University of Richmond Class of 2025

The University of Richmond recently held its commencement ceremony at the Robins Center in Richmond, Virginia.

UC Berkeley graduate reflects on journey from wilderness therapy to academic success

Emily Thompson, a student at UC Berkeley, is set to graduate this May with a major in film and media and a minor in Scandinavian studies.