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Agencies release list of distressed nonmetropolitan geographies for CRA credit

Federal bank regulatory agencies have published the 2025 list of distressed or underserved nonmetropolitan middle-income geographies.

Treasury acts against Mexican banks linked to fentanyl trafficking

The U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN) has taken decisive action against three financial institutions in Mexico, marking the first use of powers granted under the Fentanyl Sanctions Act and the FEND Off...

UC Berkeley students win top prizes in national affordable housing competition

Near the edge of Florida, in unincorporated West Palm Beach, Dyson Circle Apartments stands as a housing complex that has faced challenges since its construction in 1975.

Treasury sanctions fugitive leader of Venezuelan gang involved in criminal activities

Today, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions against Giovanni Vicente Mosquera Serrano, a fugitive leader of Tren de Aragua (TdA).

U.S.-UK working group discusses economic stability, digital finance at London meeting

The U.S.-UK Financial Regulatory Working Group held its 11th official meeting in London on June 3, 2025.

Parsons and IBM collaborate on new air traffic control system

Parsons Corporation and IBM have announced a collaboration to develop a new air traffic control system in response to President Donald Trump’s and Transportation Secretary Sean Duffy’s vision.

Regulatory agencies propose changes to leverage ratios for large banks

The federal bank regulatory agencies have announced a proposal seeking public comment on changes to certain regulatory capital standards.

Agencies issue exemption order on customer identification program requirements

The Federal Deposit Insurance Corporation, the Office of Comptroller of the Currency, and the National Credit Union Administration have issued an order granting an exemption from a requirement of the Customer Identification Program (CIP) Rule.

Federal Reserve's annual bank stress tests show resilience amid economic downturn

The Federal Reserve Board's annual bank stress test results indicate that large banks are well-prepared to handle a severe recession while maintaining their capital requirements and continuing to lend.

Boston Fed President visits South Coast Rail; discusses economic impact

The South Coast Rail service in southeastern Massachusetts, which opened this spring, has reconnected the cities of Fall River, New Bedford, and Taunton to Boston by commuter rail for the first time in 65 years.

Carlyle and UBS collaborate on private equity secondaries initiative

Global investment firm Carlyle and UBS's Unified Global Alternatives (UGA) business have announced a collaboration focused on an open-ended private equity secondaries initiative aimed at wealth management clients.

Cleveland Fed survey reveals business concerns over higher tariffs

The Federal Reserve Bank of Cleveland has released findings from a recent survey examining the expected impact of higher tariffs and changes to immigration policy on regional businesses.

Federal Reserve Board sets date for large bank capital requirements conference

The Federal Reserve Board has announced the agenda for its upcoming conference on large bank capital requirements, scheduled for July 22.

Cleveland Fed's Policy Summit features President Hammack's remarks

President Hammack delivered opening remarks at the Cleveland Fed’s Policy Summit on June 26, 2025.

Cleveland Fed hosts policy summit focusing on economic growth and stability

The Federal Reserve Bank of Cleveland recently hosted its seventeenth Policy Summit, a community development event that gathered experts to discuss economic growth and financial stability.

Regulatory agencies release 2025 CRA credit-eligible geographic areas

Federal bank regulatory agencies have published the 2025 list of distressed or underserved nonmetropolitan middle-income geographies.

Keyring approach offers flexible alternative for managing complex data environments

Organizations are rethinking their data management strategies as data becomes both a strategic asset and a compliance challenge.

Federal Reserve Bank of Cleveland hosts Policy Summit on community building

The Federal Reserve Bank of Cleveland, in collaboration with several other Federal Reserve Banks, is hosting the seventeenth Policy Summit on June 26-27, 2025.

CFOs express heightened concern over tariffs impacting costs and investments

Financial decision-makers have expressed increased concern over tariffs and trade policy, according to the CFO Survey conducted by Duke University’s Fuqua School of Business and the Federal Reserve Banks of Richmond and Atlanta.

IBM deploys first Quantum System Two outside U.S., collaborates with RIKEN

IBM and RIKEN have announced the deployment of the first IBM Quantum System Two outside the United States, marking a significant milestone in quantum computing.