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EU pushes integrated financial data reporting with new frameworks

The European financial regulatory landscape is undergoing significant changes aimed at improving transparency, streamlining reporting processes, and ensuring data consistency.

FDIC releases March CRA evaluation results for state nonmember banks

The Federal Deposit Insurance Corporation (FDIC) has released its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA).

U.S. Treasury targets cocaine trafficking network involving Guyanese officials

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned six individuals, including four Guyanese and two Colombian nationals, for their roles in trafficking cocaine from South America to the United States,...

BAMPFA explores African American quilt art reflecting migration history

There is a new exhibition at the Berkeley Art Museum and Pacific Film Archive (BAMPFA) titled "Routed West: Twentieth-Century African American Quilts in California."

Treasury appoints Joseph Lavorgna as counselor to Secretary

Secretary of the Treasury Scott Bessent has announced a significant appointment within the U.S. Department of the Treasury.

U.S. sanctions target Iranian shadow banking network led by Zarringhalam brothers

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned over 30 individuals and entities connected to Iranian brothers Mansour, Nasser, and Fazlolah Zarringhalam.

Agricultural lending faces new challenges amid sector transformation

South Africa's agricultural sector is experiencing significant changes influenced by demographic shifts, weather volatility, infrastructure challenges, and global competition.

U.S. Treasury releases report on foreign exchange policies without new manipulation designations

The U.S. Department of the Treasury has released its semiannual report to Congress on the macroeconomic and foreign exchange policies of major trading partners of the United States.

Financial Stability Oversight Council discusses digital assets and commercial real estate

U.S. Secretary of the Treasury Scott Bessent led a meeting of the Financial Stability Oversight Council at the Department of the Treasury.

U.S. Treasury Secretary discusses reconstruction fund with Ukrainian economy minister

Today, Secretary of the Treasury Scott Bessent held a meeting with Yulia Svyrydenko, Ukraine's First Deputy Prime Minister and Minister of Economy.

Scott Bessent emphasizes US-Switzerland ties at American Swiss Foundation event

Secretary Scott Bessent addressed the American Swiss Foundation, emphasizing the longstanding relationship between the United States and Switzerland.

IBM partners with Inclusive Brains on AI-driven brain-machine interface research

IBM and Inclusive Brains have announced a joint study agreement to explore advanced AI and quantum machine learning techniques.

Michelle Bowman sworn in as Fed Vice Chair for Supervision

Michelle W. Bowman has been sworn in as Vice Chair for Supervision of the Board of Governors of the Federal Reserve System.

Federal Reserve appoints Michael E. Horowitz as new inspector general

Michael E. Horowitz has been appointed as the Inspector General for the Federal Reserve Board's Office of Inspector General (OIG), effective June 30, 2025.

NCUA announces tentative date for upcoming board meeting

The National Credit Union Administration (NCUA) has announced that its next Board of Directors meeting is tentatively scheduled for July 24, 2025, at 10:00 am Eastern.

Federal Reserve Board starts 2025 census for finance companies

The Federal Reserve Board has commenced its 2025 Census of Finance Companies and Other Lenders, as announced on Friday.

Moody's partners with GBG for enhanced business onboarding through identity verification

Moody's and GBG have announced a partnership aimed at enhancing business onboarding processes through improved identity verification.

Federal Reserve ends enforcement actions with Hana Bancorp and Rabobank

The Federal Reserve Board has announced the termination of enforcement actions involving Hana Bancorp, Inc. and Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. The action against Hana Bancorp, formerly known as BNB Financial Services...

Philadelphia Fed President emphasizes deliberate actions amid economic uncertainties

Federal Reserve Bank of Philadelphia President and CEO Patrick Harker emphasized the need for a "certain and deliberate" approach to monetary policy in light of ongoing economic uncertainties.

RBA discusses financial infrastructure resilience at June 2025 board meeting

The Payments System Board of the Reserve Bank of Australia convened in June 2025 to discuss several significant issues related to the nation's financial infrastructure.