On Wednesday, the Federal Reserve unveiled its plan to raise the federal funds rate to 0.75% to 1%. According to Yahoo Finance, the 0.5% hike was “the most aggressive increase made in a single meeting since May 2000.” read more

MAY 5, 2022 - 7:37 am

The board of governors of the Federal Reserve and the Office of the Comptroller of the Currency approved Citizens Financial Group’s previously announced acquisition of Investors Bancorp. read more

MAR 25, 2022 - 6:37 am

On Wednesday, the Federal Reserve unveiled its plan to increase the federal funds rate to 0.25% to 0.5%. According to the Wall Street Journal, the Fed last increased interest rates in 2018. read more

MAR 17, 2022 - 6:08 am

The Federal Reserve approved the merger of equals transaction between Old National Bancorp and First Midwest Bancorp, following the approval the companies received last year from the Office of the Comptroller of the Currency and stockholders of both companies. read more

JAN 28, 2022 - 6:40 am

The U.S. economy is moving from a post-reopening boom phase toward a moderating period, which, depending on policy prescription, may end up feeling like a mid-cycle slowdown in the second half of 2022, according to Mitsubishi UFJ Financial Group. read more

JAN 19, 2022 - 6:18 am

The board of governors of the Federal Reserve provided regulatory approval of the previously proposed merger of Webster Financial and Sterling Bancorp. read more

DEC 21, 2021 - 6:30 am

WSFS Financial received all required approvals to acquire Bryn Mawr Bank Corporation, the parent company of the Bryn Mawr Trust Company, with the board of governors of the Federal Reserve approving the acquisition. read more

DEC 21, 2021 - 6:27 am

The board of governors of the Federal Reserve approved the previously proposed merger of First Citizens BancShares, the parent company of First-Citizens Bank & Trust Company, and CIT Group, the parent company of CIT Bank. read more

DEC 20, 2021 - 6:59 am

The Wall Street Journal reported that the Federal Reserve has made several adjustments to the Main Street Lending Program to attract more SMEs. read more

JUN 9, 2020 - 7:00 am

The Wall Street Journal reported that the Federal Reserve has decided that negative interest rates are not worth the detrimental effects they could bring. read more

MAY 11, 2020 - 6:45 am

The Wall Street Journal reported that the Federal Reserve will not use the Main Street Lending Program to promote SOFR, its LIBOR replacement of choice. read more

MAY 4, 2020 - 6:50 am

The Federal Reserve expanded access to its Paycheck Protection Program Liquidity Facility to additional lenders and expanded the collateral that can be pledged. The Fed also broadened the scope and eligibility for the Main Street Lending Program. read more

MAY 1, 2020 - 7:00 am

The AICPA called for the Federal Reserve to create a short-term accounts receivable lending facility for small businesses. read more

APR 29, 2020 - 6:30 am

The Federal Reserve Board outlined extensive public information regarding its economic recovery programs to support credit flow to households and businesses. read more

APR 28, 2020 - 6:15 am

The Wall Street Journal reported that bank’s aversion to risk in lending may make them a weak conduit for the Fed’s post-pandemic recovery plans. read more

APR 27, 2020 - 6:30 am