News

Wells Fargo clears another Fed hurdle as banks pass stress tests
The U.S.’s largest banks remained “resilient” after absorbing $550 billion in losses in a simulated economic shock.
Goldman Sachs, Wells Fargo, Bank of America stock move up after stress test results
Goldman Sachs (GS) and Bank of America (BAC) stocks each moved up by more than 1% in Friday after-hours trading after the ...
Senate Republicans move to slash consumer bureau funding by half, risking hundreds of job cuts
Senate Republicans have moved to cut the funding of the Consumer Financial Protection Bureau by roughly half, as part of ...
Fed Says Banks Can Weather Severe Downturn as Stress Tests Become Latest Political Football
The results were the first under Fed Governor Michelle Bowman’s tenure as the Fed’s top Wall Street regulator. The stress ...
Stocks are flying, the Dollar is falling, tariffs haven’t hit yet. Why cut rates now?
Fed Chair Powell reiterated uncertainty over the effects of tariffs on prices. And for all the concern about labor markets, the real problem there, particularly with deportations, is too few workers, ...
US Treasuries Post Third Week of Gains on Fed Rate-Cut Bets
US Treasuries closed out a third-straight positive week in a rally fueled by bets the Federal Reserve is ramping up to cut rates at least twice this year.
Fed says banks can withstand economic downturn, clears way for dividend hikes
The Federal Reserve reports that major US banks can withstand a severe economic downturn. These banks maintain strong capital ...