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Sens. Warren, Reed Urge Treasury's OFR Use 'All Its Tools' After SVB Failure

Democratic Sens. Elizabeth Warren (D-Mass.) and Jack Reed (D-R.I.) sent a letter Tuesday to the Treasury Department's Office of Financial Research (OFR) expressing concern about the office's failure

Fed Likely to Hike Rates One More Time and Then Hold Steady, Bostic Says

The U.S. central bank most likely has one more interest rate rise ahead of it as it continues to work to lower high inflation, Atlanta Federal Reserve President Raphael Bostic said on Tuesday, Reuters

Banks Leaned on a Little-Known Lender in March as Customers Fled

Banks are turning to an obscure government-linked lender to shore up their balance sheets following the industry’s rockiest period in years, the Wall Street Journal reported. The Federal Home Loan

FTX Celebrity Promoters Say Crypto Investors Cannot Sue over Accounts

Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange's collapse should be

Highland Park Mayor Asks Whitmer to Approve Municipal Bankruptcy Over $19 Million Water, Sewage Debt

With the City of Highland Park, Mich., on the losing end of 10 years worth of litigation with the Great Lakes Water Authority over unpaid water and sewer bills and $19 million hanging in the balance

SEC Charges Bittrex with Operating Unregistered Securities Exchange

The U.S. Securities and Exchange Commission yesterday charged cryptocurrency exchange Bittrex Inc. and its former CEO William Shihara with operating an unregistered national securities exchange

SEC Chair to Defend Rulemaking, Enforcement Record Before Congress

The head of the U.S. Securities and Exchange Commission (SEC) plans to defend its rulemaking and policing of market misconduct at a hearing today led by Republican lawmakers who have accused it of

Commentary: Rate Hikes Fuel Bondholders’ Canadian Pacific Trade

Canadian Pacific Railway Ltd. has emerged as an unlikely target for a few distressed-debt investors. It wasn’t because of the railroad operator’s creditworthiness, but rather because rising interest

Cleveland Fed Report Says Near-Term Inflation Expectations Data Now Key

Contrary to how many Federal Reserve officials have tended to focus on longer-run inflation expectations data as a tool to divine real world price pressures, a Cleveland Fed report released on Monday

Few Banks Are Hedging Interest-Rate Risk

Few U.S. banks protected themselves against rising interest rates during the Federal Reserve’s monetary-tightening campaign last year, according to a research paper that says unhedged securities