News published on Monetary Brief in October 2025

News from October 2025

Frank Bisignano named first CEO of IRS while remaining SSA Commissioner

Frank Bisignano, currently serving as Commissioner of the Social Security Administration (SSA), has been appointed as Chief Executive Officer (CEO) of the Internal Revenue Service (IRS), according to an announcement made by U.S. Secretary of the...

Cleveland Fed research finds lower-income families improved buying power after pandemic inflation

Lower-income households in the United States experienced the greatest impact from postpandemic inflation, but recent research indicates their wage increases were enough to improve their purchasing power by the end of 2024.

Treasury targets Mexican suppliers linked to Sinaloa Cartel's fentanyl operations

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sanctions against eight individuals and 12 companies in Mexico connected to the Sinaloa Cartel’s Los Chapitos faction.

Federal Reserve approves Huntington Bancshares’ acquisition of Veritex Holdings

The Federal Reserve Board has approved the application by Huntington Bancshares Incorporated, based in Columbus, Ohio, to acquire Veritex Holdings, Inc. This acquisition will also include Veritex Community Bank, both located in Dallas, Texas.

San Francisco Fed introduces weekly state-level labor market stress indicator

The Federal Reserve Bank of San Francisco has launched a new weekly Labor Market Stress Indicator data page.

Carlyle Group to report Q3 2025 financial results on October 31

The Carlyle Group Inc. announced it will release its third quarter 2025 financial results on October 31, 2025.

Federal Reserve Board approves BancFirst Corporation’s acquisition of AmeriBank Holding Company

The Federal Reserve Board has approved a proposal by BancFirst Corporation, based in Oklahoma City, to acquire AmeriBank Holding Company.

Reserve Bank of Australia releases October 2025 Financial Stability Review

The Reserve Bank of Australia (RBA) has released its Financial Stability Review for October 2025, assessing the condition and resilience of the country's financial system.

Moody's Analytics expands Agentic AI capabilities in Maxsight platform for Q4 2025

As the fourth quarter of 2025 begins, Moody’s Analytics is advancing its Maxsight unified risk platform by integrating Agentic AI into key compliance and risk management workflows.

Hope Federal acquires Atlanta-based credit union; deposits remain federally insured

1st Choice Credit Union, based in Atlanta, Georgia, has merged into Hope Federal Credit Union of Jackson, Mississippi.

YZi Labs says BNB is structurally deflationary with dual-burn model and capped supply

YZi Labs announced on the social media platform X that Binance Coin (BNB) is structurally deflationary.

Regulators remind lenders of requirements during lapses in national flood insurance program

Federal financial regulators have issued a reminder to lenders regarding their obligations when the National Flood Insurance Program (NFIP) is not available.

Reserve Bank of Australia reports record foreign exchange market activity for April 2025

The Reserve Bank of Australia (RBA) has released a summary of findings from the 2025 triennial survey on turnover in foreign exchange (FX) and over-the-counter (OTC) interest rate derivatives markets.

Bank of Canada cuts key interest rate amid weaker economy and easing inflation pressures

The Bank of Canada’s Governing Council released a summary of its deliberations leading up to the monetary policy decision on September 17, 2025.

IBM partners with AMD to deliver advanced AI infrastructure for Zyphra

IBM and AMD have announced a new collaboration to provide advanced artificial intelligence infrastructure to Zyphra, an open-source AI research and product company based in San Francisco.

NCUA ensures continued insurance coverage for credit union members during government shutdown

The National Credit Union Administration (NCUA) announced it will remain operational and continue to insure individual credit union accounts during the ongoing federal government shutdown.