The Latest Breaking News from Michael Barr

Former finance minister Tharman Shanmugaratnam is leading the field of three candidates chosen under demanding criteria.

Proposed changes would mandate larger banks to hold additional capital as buffer against potential losses.

Federal Reserve Chair Jerome Powell will have an opportunity this week to clarify what many found a confusing message on the path of interest rates, with the added task of assuring Democrats and Republicans the economy is on track.

The Federal Reserve raised interest rates by a quarter percentage point Wednesday in an effort to curb persistent inflation. It was the tenth rate hike in 14 months, and possibly the last for a while.

The former top executives of two failed banks will testify before Congress this month

Think ChatGPT, but for the weird things Jerome Powell says every couple months. It’s “a large language model tuned to central bank speak.”

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday

The proposals come in an internal review that found looser rules were a key culprit behind Silicon Valley Bank's collapse.

First Republic Bank crashed to fresh lows Friday on reports the FDIC will likely place it into receivership. But other bank stocks rose.

The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.

The Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry