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Federal Reserve Board allows alternative method for collecting customer identification

The Federal Reserve Board announced on Thursday that it is joining other federal financial institution regulatory agencies and the Financial Crimes Enforcement Network in allowing banks more flexibility in collecting certain customer...

Bank of Canada maintains key interest rate amid ongoing global trade uncertainties

The Bank of Canada has decided to maintain its target for the overnight rate at 2.75%, keeping the Bank Rate at 3% and the deposit rate at 2.70%.

Bank of Canada holds key interest rate steady amid tariff uncertainty

The Bank of Canada announced today that it will maintain its policy interest rate at 2.75%.

Federal Reserve keeps interest rates steady amid slower growth

Recent data indicates that economic growth in the United States slowed during the first half of 2025, with net exports continuing to contribute to fluctuations in the figures.

Bank of Canada releases July 2025 Monetary Policy Report

The Bank of Canada released its Monetary Policy Report for July 2025, outlining the country's current monetary policy framework and providing updates on inflation-control strategies.

RBA and APRA update agreement to strengthen cooperation on financial stability

The Reserve Bank of Australia (RBA) and the Australian Prudential Regulation Authority (APRA) have published an updated Memorandum of Understanding (MOU) to enhance their cooperation in supporting financial stability in Australia.

Togo partners with UC Berkeley to advance data-driven policy initiatives

Farooq Sanni and Gnouyaro Sogoyou, both originally from Lomé, Togo, have embarked on a mission to transform their home country through data science.

FDIC releases June 2025 enforcement actions

The Federal Deposit Insurance Corporation (FDIC) has released its list of administrative enforcement actions for June 2025.

UC Berkeley student collective contributes to new OMCA exhibit on Black Oakland

The Oakland Museum of California recently opened an exhibit titled “Black Spaces: Reclaim and Remain,” which will be available to the public until March 1 next year.

NCUA Board discusses AI impact on credit union operations

The National Credit Union Administration (NCUA) Board held its fourth open meeting of 2025, where it was briefed on artificial intelligence, post exam survey results from the Office of the Ombudsman, and updates on the Central Liquidity Facility...

Moody's highlights growing financial impact of heat stress in Europe

As Europe experiences record-breaking heat waves, the financial impacts of rising temperatures are becoming increasingly evident.

European heatwave poses significant economic challenges

Extreme temperatures have been affecting Europe since mid-June, leading to significant economic and human impacts.

Carlyle partners with FarmOp Capital for $250M farm loan financing

Global investment firm Carlyle has announced a $250 million forward-flow agreement with FarmOp Capital, aimed at purchasing newly issued farm operating loans.

IBM announces strong Q2 results; raises annual outlook

IBM announced its earnings for the second quarter of 2025.

Warburg Pincus and Carlyle agree to sell NEOGOV to EQT X fund and CPP Investments

Funds managed by Warburg Pincus and Carlyle have entered into a definitive agreement to sell NEOGOV, a provider of HR and compliance software for U.S. public sector agencies, to EQT X fund and Canada Pension Plan Investment Board (CPP Investments).

Carlyle appoints new co-presidents and senior leaders effective January 2026

Global investment firm Carlyle has announced a series of senior leadership appointments that will take effect on January 1, 2026.

Federal Reserve Bank of Cleveland seeks new Cincinnati Branch director after Meixelsperger's departure

The Federal Reserve Bank of Cleveland has announced that it will appoint a new director to the Cincinnati Branch to fill the unexpired term of Mary Meixelsperger, who is stepping down from her position effective July 31.

Federal bank regulators seek public input on reducing regulatory burden

The federal bank regulatory agencies have issued their fourth notice seeking public comment to address regulatory burdens.

Agencies propose rescinding 2023 Community Reinvestment Act rule

Federal bank regulatory agencies have proposed rescinding the Community Reinvestment Act (CRA) final rule from October 2023.

Treasury targets Houthi-linked smuggling network with new sanctions

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has announced sanctions against two individuals and five entities involved in money laundering and importing petroleum products into areas controlled by the Houthis,...