Federal Reserve raises interest rates by quarter percentage point
1/5 Federal Reserve Chairman Jerome Powell said the events in the banking system in recent weeks have led the central bank to reassess its approach…
Swiss National Bank announces takeover of troubled rival Credit Suisse
Swiss National Bank has agreed to takeover its troubled rival, Credit Suisse, in a $3.2 billion emergency deal brokered by regulators in Switzerland to help…
Federal Reserve partners with other major central banks to ensure access to U.S. dollar
Chairman of the Federal Reserve Jerome Powell speaks with Secretary of the International Monetary Fund Ceda Agada at an International Monetary and Financial Committee in…
SVB Financial, parent of Silicon Valley Bank, files for Chapter 11 bankruptcy
A motorist passes the entrance of the Silicon Valley Bank in Santa Clara, California on Saturday. Silicon Valley Bank parent SVB Financial filed for Chapter…
U.S. hiring remains strong, raising expectations of higher interest rate hike
1/2 Sen. Elizabeth Warren, D-Mass, said U.S. Fed policies are designed to be job killers. Data, however, show new hires increased more than expected. File…
ADP data show hiring last month doubled the January pace
1/2 Private payroll processor ADP reported hiring in February was more than double the level from January, adding to lingering concerns the Fed will hike…
Fed raises benchmark interest rate quarter of a point
1/2 Jerome Powell, chairman of the Federal Reserve, is known to be predictably measured in his policy statements. File photo by Brendan Smialowski/UPI | License…