Freddie Mac yesterday reported a $1.7 billion profit for the second quarter, following earnings of $2.2 billion in the previous quarter. Freddie said it would pay a $2 billion dividend to the U.S. Treasury in September, bringing its total payments to $108.2 billion since it entered federal conservatorship in 2008.
Banking sector, regulators announce joint effort to address AI risks
Banking industry and Treasury Department representatives came together at ABA's headquarters in Washington, D.C., to announce the next steps in...