Today's latest breaking news about business and finance including tech, industry, crypto, and the stock market.
The Federal Reserve Board on Tuesday announced approval of an application by Fleur Capital Corporation, one day after clearing Isabella Bank Corporation's Michigan acquisition. The announcement, posted as an order on the Board's website, adds another consolidation to a banking sector already shrinking through mergers.
Compass Datacenters CEO Chris Crosby says the massive Red Oak, Texas campus is proof that the data center explosion is creating a wave of electricians, welders and carpenters — not just software engineers.
The final jobs report before the midterms shows the American economy added just 29,000 jobs in September — a stunning miss against forecasts of 84,000 to 90,000 — two weeks after the Federal Reserve raised interest rates to 4.00%.
The Federal Reserve Board announced final changes to its bank stress test framework, promising more transparency and less volatility in capital requirements. Critics of the central bank say it's a step in the right direction — but nowhere near enough.
The Bureau of Labor Statistics reported Friday that nonfarm payrolls rose by a meager 29,000 in September, falling far short of the 84,000 forecast, while the unemployment rate climbed to 4.2%. The weak report lands one month before voters head to the midterm polls.
The Federal Reserve Board has pushed its public comment deadline on a proposed rewrite of Regulation O to November 4, giving Americans more time to weigh in on insider-lending rules that govern who gets cheap money from the banks they supervise.
Former House Financial Services Chairman Jeb Hensarling says the Texas Stock Exchange is the final piece making the Lone Star State the best place in America to list, incorporate, and headquarter a business.
The Fed is taking the first formal step to build a regulatory framework for payment stablecoin issuers under the GENIUS Act, and it's asking the public to weigh in before the rules are written.
The Federal Reserve Board announced approval of an application by Peoples Bancorp Inc., clearing the way for the regional bank's expansion while Washington's financial regulators keep rubber-stamping consolidation across the banking industry.
The Federal Reserve and its partner agencies published resolution plan feedback letters for 15 banking organizations, telling each one what regulators want fixed in its blueprint for an orderly wind-down.
The Federal Reserve Board announced enforcement actions Tuesday against former employees of Northstar Bank, American Express, and Regions Bank — the latest in a string of insider misconduct cases the central bank has quietly pursued.
The Federal Reserve Board has announced a Written Agreement with Ontario Bancorporation, Inc. of Wisconsin, requiring prior approval for dividends and share buybacks after offsite reviews flagged serious problems at the holding company level.
