News published on Monetary Brief in May 2025

News from May 2025

UC Berkeley researchers unveil discovery of new color 'olo' using optical imaging

Last month, UC Berkeley researchers announced a breakthrough study where they managed to create a new color perception.

Deutsche Bank strengthens digital transformation with expanded IBM partnership

Deutsche Bank and IBM have announced an extension of their partnership through a strategic agreement.

Treasury sanctions Philippine firm linked to major cyber scam network

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Funnull Technology Inc., a company based in the Philippines, and its administrator, Liu Lizhi.

Philadelphia Fed appoints Bill Wafford to advisory council

The Federal Reserve Bank of Philadelphia has announced the appointment of Bill Wafford to its Economic and Community Advisory Council (ECAC).

Federal Reserve reveals findings from senior financial officer survey on bank reserves

The Federal Reserve Board has disclosed the findings of a recent survey involving senior financial officers at banks.

Carlyle and SK Capital Partners announce expiration of bluebird bio tender offer

Carlyle and SK Capital Partners have announced the expiration of their tender offer to acquire all outstanding common stock of bluebird bio, Inc. The offer, which commenced on March 7, 2025, expired as scheduled at one minute after 11:59 p.m. New...

NCUA issues prohibition order; terminates cease & desist order

The National Credit Union Administration (NCUA) has issued a prohibition order against Desiree Canepa, a former employee of Antioch Community Federal Credit Union in Antioch, California.

Cleveland Fed establishes new advisory council for financial market insights

The Federal Reserve Bank of Cleveland has announced the formation of its new Financial Markets Advisory Council.

Powell meets with President to discuss economic developments

Chair Powell met with the President at the White House to discuss various economic developments.

Investing in Rural America Conference focuses on growth opportunities

The 2025 Investing in Rural America Conference, held in Roanoke, Virginia, gathered nearly 300 community leaders to address pressing issues affecting rural communities.

Federal Reserve releases report on U.S. household economic well-being in 2024

The Federal Reserve Board has released its Economic Well-Being of U.S. Households in 2024 report, which assesses the financial conditions of American adults and their families.

Fed to discuss cash services in upcoming online webinar

The Federal Reserve provides economic insights and data to inform the public, policymakers, and researchers about various economic conditions, including inflation and employment.

Federal Reserve releases May FOMC meeting minutes

The Federal Reserve has made public the minutes from the Federal Open Market Committee (FOMC) meeting held on May 6-7, 2025.

U.S issues immediate sanctions relief for Syria through General License 25

Today, the Department of the Treasury's Office of Foreign Assets Control (OFAC) issued Syria General License (GL) 25 to provide immediate sanctions relief for Syria.

University initiative supports tribal food-energy-water system revitalization

For generations, Kanani D’Angelo's family has lived in ‘Aiea, Hawai’i. The area, now developed with roads and subdivisions, was once home to lush taro fields and fish ponds that supported the community.

Study links small brain grooves to cognitive ability

Neuroscientists at the University of California, Berkeley have discovered a potential link between the depths of small brain grooves, known as tertiary sulci, and cognitive performance in children and adolescents.

UC Berkeley analysts warn against proposed Medicaid cuts impacting California

A recent analysis by experts at UC Berkeley has raised concerns about the potential impact of proposed federal Medicaid cuts on California.

FDIC updates progress on deposit insurance fund restoration plan

The Federal Deposit Insurance Corporation (FDIC) Board of Directors has issued its latest semiannual update on the Restoration Plan for the Deposit Insurance Fund (DIF).

Treasury sanctions key members of Cartel del Noreste

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two senior members of the Cartel del Noreste (CDN), a violent drug trafficking organization based in Mexico.

U.S. Treasury Secretary meets Japan's Finance Minister at G7 summit

Today, Secretary of the Treasury Scott K.H. Bessent held a meeting with Japan's Finance Minister Katsunobu Kato during the G7 Finance Ministers and Central Bank Governors meetings in Banff, Canada.