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...Growth and employment remain strong — so strong, in fact, that expectations for Federal Reserve interest rate cuts are being pushed further into the future....
...Shortly before Jay Powell, Federal Reserve chair, announced that the central bank was keeping benchmark rates at 5.25 per cent to 5.5 per cent, Colin Simpson, Manulife’s chief financial officer, revealed...
...Gelsinger said that Intel’s own federal grant under the Chips Act would be announced “very soon”....
...Results at BofA, like its large competitors, were also dragged down by costs tied to last year’s regional banking crisis after the Federal Deposit Insurance Corp imposed another round of fees on the nation...
...Most bank mergers need approval from all three of the US federal bank regulators: the FDIC, the Federal Reserve and the Office of the Comptroller of the Currency....
...Trump appointed Mark Calabria as the head of the Federal Housing Finance Agency [the Fannie and Freddie umbrella organisation]....
And two more stocks of interest
...Porticoes Capital will seek to take over banks closed by the Federal Deposit Insurance Corporation, the US regulator, according to an official filing....
...Since 1991, federal law has subjected the FDIC to a “least cost test”....
Rates are still going up
...The Federal Reserve will be watching closely....
...decision last year to merge Credit Suisse with UBS was an “unhelpful” way to deal with a failing global bank and US regulators would not shrink from a full shutdown in a similar situation, the chair of the Federal...
...The Federal Reserve’s preferred measure of inflation is expected to show that price pressures eased slightly in January, but progress is likely to be limited given what is already known about inflation last...
...The largest US banks are set to earn higher profits from their lending businesses than expected this year as it becomes more likely that the Federal Reserve will make only modest cuts to benchmark interest...
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...However, in a lawsuit filed on Monday in federal court in California against Musk and X, the executives said that he had “manufactured” their terminations, accusing them of gross negligence and wilful misconduct...
...In a post on X, the Federal Aviation Administration said it would oversee an investigation into the “mishap”, which “involved both the Super Heavy booster and the Starship vehicle”....
...The deal has been marred by delays, facing investigations by the US Securities and Exchange Commission and federal prosecutors....
...The DoJ also advises federal banking agencies on what impact deals will have on competition....
...But always there seem to be unintended consequences: it remains unclear if Twitter will face lawsuits for refusing to pay bills or regulatory action, as the Federal Trade Commission hovers....
...On Monday, a US federal judge nixed JetBlue’s all-cash buyout for Spirit Airlines, with an equity value of $3.8bn....
...In one rare moment of consensus, the chief executives all suggested they were open to the idea of a federal regulatory agency focused on tech and social media....
...A federal judge in Texas put that case on hold in November....
...One of the world’s largest investment groups has complained to the Federal Deposit Insurance Corporation over the way it handled the auction of $33.2bn in loans the US bank regulator absorbed from Signature...
...Last year, Bruce Garelick, who sat on DWAC’s board of directors, was arrested along with brothers Michael and Gerald Shvartsman, on insider trading charges brought by federal prosecutors in Manhattan....
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