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The Senate Banking Committee wants answers from stablecoin issuers on how their business works

Complex terms and conditions can make it difficult for investors to understand stablecoin risks, sa…

Carla Mozée   


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The head of the Senate banking committee wants details from banks linked to Archegos on how an under-the-radar family office caused so much turmoil

The head of the Senate banking committee is calling on lenders for answers about the blow-up of pri…

Carla Mozée   


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Fed's Powell says US economy is entering bounce-back still clouded by 'significant uncertainty'

"We may be reaching a bottom" on the nation's shutdown phase, Fed chair Jerome Powell said, citing …

Ben Winck   


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Here's What's On Deck For Elizabeth Warren's First Senate Banking Committee Hearing Today

That means it will be freshman Elizabeth Warren's (D-Mass.) first hearing as a member of the Senate…

Linette Lopez   


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Fed's Powell clearly backs Democrats' large-scale stimulus proposal, Sen. Sherrod Brown says

The economy isn't yet ready to "take off" and most Americans still need fiscal support, the Senate …

Ben Winck   


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Katherine Tangalakis-Lippert   


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The US Senate Banking Committee chair suggests banning cryptocurrencies and says they are a threat to national security

Senator Sherrod Brown added that a ban would be difficult because crypto would then "go offshore, a…

Brian Evans   


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The Senate's banking committee chief will introduce legislation to ban Fed officials from owning individual stocks

Boston Fed President Eric Rosengren and Dallas Fed President Robert Kaplan, under fire for stock pu…

Carla Mozée   


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Wells Fargo CEO John Stumpf is back on Capitol Hill to get grilled by Congress

"We continue to believe that today's House Financial Services Committee hearing on the Wells Fargo …

Bob Bryan   


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Trump's controversial Fed pick inches closer to Senate confirmation

"She clarified to me that she will oppose using monetary policy for the purpose of devaluing the do…

Gina Heeb   


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Four Key Democrats Are Now Opposed To Larry Summers, And That Could Be Devastating For His Candidacy

The Senate Banking Committee must approve Summers' potential nomination before it goes to the Senat…

Brett LoGiurato   


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BREAKING: FULL TEXT OF JANET YELLEN'S SENATE CONFIRMATION SPEECH

U.S. Federal Reserve Vice Chair Janet Yellen, President Barack Obama's nominee to succeed Ben Berna…

Matthew Boesler   


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Bank of America's dealings with Leon Black and Jeffrey Epstein are in the Senate's crosshairs

A Senate committee asked Bank of America whether Black's $158 million payments to Epstein followed …

Geoff Weiss   


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'A very, very dangerous path to go down': Key Republican senators slam Trump's Fed pick

At a contentious hearing, senators from both sides of the aisle probed Shelton's support of the gol…

Gina Heeb   


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US senators have reportedly piled $96 million into stocks in companies they regulate

Several lawmakers hold shares in companies they oversee, the analysis found. Sen. Richard Shelby ow…

Theron Mohamed   


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Republicans just sunk Trump's controversial pick to run a bank he wanted to kill

The Senate Banking Committee rejected President Donald Trump's nominee to lead the Export-Import …

Allan Smith   


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Joe Manchin joins Republicans and all but tanks Biden's nominee for the top bank regulator at the Fed

The GOP has already blocked Sarah Bloom Raskin's nomination from moving forward. Manchin's oppositi…

Ben Winck,Joseph Zeballos-Roig   


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Wells Fargo is considering taking back some of CEO John Stumpf's compensation

The nearly $50 million in stock-based compensation given to Tolstedt while she oversaw the division…

Bob Bryan   


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Elizabeth Warren fires back at Jamie Dimon: 'I fully understand the system' and 'that's what they don't like about me'

The spat between Dimon and Warren is the latest fight between the senator and high-profile Wall Str…

Maxwell Tani   


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It's A Good Day For Bill Ackman's Fannie And Freddie Bet

The bill in question, sponsored by Sens. Tim Johnson (D., S.D.) and Mike Crapo (R., Idaho), would'…

Linette Lopez