The Office of Foreign Assets Control has authorized Russian oil exports through April 11 to ease pressure on rising fuel prices following the start of military operations in Iran.
The sanctions were one of several actions the U.S. and its allies took in 2022 to penalize Russia for the invasion of Ukraine. In recent days, oil prices have hovered near or above $100 a barrel amid concerns the Iranian conflict could squeeze global oil supplies.
The Senate Banking Committee will hold a hearing next week on the nomination of Kevin Warsh to become the next chairman of the Federal Reserve.
The FDIC has appointed community banker Trey Maust as chief innovation officer. In his new position, Maust will promote the adoption of innovative technologies within the agency and across the financial services sector.
The sharp drop in optimism and increase in uncertainty can be tied to the concerns around the impact of the conflicts in the middle east and the effects on supply chains like energy, chemicals and fertilizers.
Proposed acquisitions announced of banks in Texas, Kansas and Louisiana.
Legislation to hold social media companies accountable for the scam ads appearing on their platforms would reduce consumer fraud losses by targeting “a key entry point” for the crime, ABA and 52 state bankers associations said in a...
The Office of Foreign Assets Control did not extend a one-month exemption on sanctions for Russian oil exports, which expired on April 11.
