Freddie Mac today reported a $354 million loss in the first quarter, following a $2.15 billion profit in the previous quarter. The drop in Freddie’s income was largely due to derivatives losses after increases in interest rates. The company will not have to draw from the Treasury to cover its loss.
FDIC proposes Bank Secrecy Act, sanctions requirements for stablecoin issuers
The FDIC proposed a new rule to establish Bank Secrecy Act and sanctions compliance standards for stablecoin issuers regulated by the agency.







