Industry News

Big Bank Profits Soared in 2021

By Ken Sweet | The Associated Press | January 17, 2022 | Reprints | Unlock Link

Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.

Raskin Nomination Puts Climate on Fed’s Regulatory Agenda

Raskin Nomination Puts Climate on Fed’s Regulatory Agenda

By Christopher Rugaber | The Associated Press | January 14, 2022 | Reprints

President Joe Biden announced the nomination of Sarah Bloom Raskin, a former Fed and Treasury official, for the Federal Reserve Board’s top regulatory slot on Friday in a move that could lead to climate concerns being incorporated into bank regulation.

US Inflation Soared Last Year, Most Since 1982

US Inflation Soared Last Year, Most Since 1982

By Christopher Rugaber | The Associated Press | January 12, 2022 | Reprints

Inflation jumped at its fastest pace in nearly 40 years last month, a 7 percent spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden

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