US Treasury Says It Was Breached by Chinese-Backed Hacker December 31, 2024 By Jamie Tarabay and Craig Torres The US Treasury Department was hacked by a Chinese state-sponsored actor through a third-party software service provider, according to a...
Lingering Inflation Risks Keep Fed Officials in Wait-and-See Mode on Rate Cuts February 14, 2024 By Craig Torres The Federal Reserve entered 2024 within spitting distance of its inflation goal. But that’s not quite close enough for policymakers....
Wall Street Banks Quietly Test Cyber Defenses at Treasury’s Direction June 27, 2022 By Christopher Condon and Craig Torres With global tensions rising over Ukraine, the cutthroat competitiveness of the US financial sector is yielding to partnership over the...
Federal Reserve Again Warns About Increase in High-Risk Company Debt May 7, 2019 By Jesse Hamilton and Craig Torres The Federal Reserve escalated its warnings about the perils ofleveraged loan Monday, saying firms with the worst credit profiles are...
AIG, Prudential Financial on Federal Reserve’s List of 15 Firms for Extra Supervision May 4, 2014 By Craig Torres The Federal Reserve released a list of 15 firms that merit an extra layer of supervision because they pose heightened...
Fed Chair Nominee Yellen Vows to ‘Carefully Consider’ SIFI Rules for Insurers November 20, 2013 By Craig Torres Federal Reserve Vice Chairman Janet Yellen said the central bank will “carefully consider” how to apply new regulatory standards to...
Insurers, State Regulators Try to Block Bank-Like Rules by Federal Reserve July 3, 2013 By Craig Torres and Zachary Tracer MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee...