ECB President Lagarde Expects Strong Rebound for EU Economy in Second Half
Despite COVID-19 struggles, European Central Bank (ECB) President Christine Lagarde told CNBC on April 9 that the European Union (EU) will hit...
Fed Chair Powell: US Economy At An ‘Inflection Point’
Federal Reserve Chairman Jerome Powell said the US economy is at an "inflection point" and that growth and job creation will most...
Treasury Secretary Yellen Calls for Global Minimum Corporate Tax
U.S. Treasury Secretary Janet Yellen said on April 5 that she is working with G20 countries to agree on a global minimum...
Treasury’s Yellen to Restart Hedge Fund Oversight Panel
Treasury Secretary Janet Yellen introduced a three-pronged agenda on March 31 to address "ongoing threats to the nation's financial system."
ECB Increases Bond Purchases To Slow Down Surging Yields
The European Central Bank (ECB) has increased the weekly pace of its emergency bond purchasing program to its highest level in three...
Treasury Launches Program to Support Minority-Owned Financial Institutions
The U.S. Department of the Treasury announced on March 4 in a press release that it is opening the application process for...
Fed Extends Its Paycheck Protection Program Liquidity Facility To June 30
The Federal Reserve Board announced on March 8 it will extend its Paycheck Protection Program Liquidity Facility (PPPLF) by three months to...
Fed’s Powell: Economic ‘Reopening’ Could Lead to a Temporary Rise in Inflation
Federal Reserve Chairman Jerome Powell said on March 4 that he expects inflation to increase temporarily in response to a rise in...
Square Inc. starts its industrial banking operations; buys TIDAL
Square Inc. announced its industrial bank, Square Financial Services, has begun operations, on March 1st, 2021. The announcement comes nearly one year...
M&T Bank to buy People’s United Financial for $7.6 billion
M&T Bank plans to buy People’s United Financial for $7.6 billion in an all-stock transaction. The combined entity will create a financial...