Cleveland Fed names Hammack as next CEO

The Federal Reserve is seeking public input on potential changes to the check services it provides to banks and credit unions, although support for the request is not unanimous among Fed board members. Also, the Fed announced 2026...

A G7 working group released a set of nonbinding principles to align cyber incident response and recovery approaches for the financial sector among its member nations.

A new analysis of Bank Secrecy Act reports found that more than $2.1 billion in ransomware payments were made over a three-year period starting in 2022, according to FinCEN.

The rate for a 30-year fixed-rate mortgage was 6.19% this week. The rate for a 15-year fixed-rate mortgage was 5.44%.

New orders for manufactured goods in September, up two consecutive months, increased $1.2 billion or 0.2% to $612.6 billion, the U.S. Census Bureau reported.

Use of the discount window by banks reaffirms that severe stress in 2023 was limited to a handful of banks.