Treasury: Government to hit debt limit on Jan. 21

The FDIC sued 17 former executives and directors of Silicon Valley Bank, alleging their gross negligence led to the collapse of the institution.

This year could be a “banner year” for bank mergers and acquisitions, with improving economic conditions, enhanced net interest margins and the possibility of tax cuts, according to a recent analysis by the law firm Hunton Andrews Kurth.

The Federal Reserve announced it has pulled out of a coalition of central banks formed to tackle climate change risk in the financial sector.

Housing starts in December increased to a seasonally adjusted annual rate of 1.499 million, according to the U.S. Department of Commerce. This is 15.8% above the revised November estimate of 1.294 million but is 4.4% below the December...

Industrial production increased 0.9% in December after moving up 0.2% in November. Manufacturing output rose 0.6% after gaining 0.4% the previous month.

President Biden issued an executive order directing government agencies to strengthen their cybersecurity, including taking steps that may benefit financial institutions should the Trump administration keep the order.