WICHITA, KANSAS (AP) — Sobs of relief broke out in a federal courtroom in Kansas on Monday as dozens of people whose life savings had been embezzled by a bank CEO learned that federal law enforcement had recovered their money.

2. Powell stresses message that US job market is cooling, a possible signal of coming rate cut - Friday, July 5, 2024

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job market and not only to taming inflation, a shift that signals it's likely to begin cutting interest rates soon.

3. Fed's Powell highlights slowing job market in signal that rate cuts may be nearing - Friday, July 5, 2024

WASHINGTON (AP) — The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday, a shift in emphasis away from the Fed's single-minded fight against inflation of the past two years that suggests it is moving closer to cutting interest rates.

4. Biden to nominate Christy Goldsmith Romero as FDIC chair after abrupt departure of predecessor - Friday, June 14, 2024

NEW YORK (AP) — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Greunberg as head of the Federal Deposit Insurance Corporation.

5. Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits - Friday, May 24, 2024

NEW YORK (AP) — The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks.

6. Top Democrat calls for Biden to replace FDIC chairman to fix agency's 'toxic culture' - Friday, May 17, 2024

NEW YORK (AP) — The most powerful Democrat in Congress on banking and financial issues called for President Joe Biden to replace the chairman of the Federal Deposit Insurance Corp. on Monday, saying the agency is broken and there must be "fundamental changes at the FDIC."

7. FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture - Friday, May 17, 2024

WASHINGTON (AP) — Federal Deposit Insurance Corp. Chairman Martin Gruenberg sat for a second day of grilling Thursday on Capitol Hill, this time at the Senate Banking Committee, after a damning report about the agency's toxic workplace culture was released last week.

8. How sustained high interest rates impact us - Friday, May 10, 2024

Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases at the consumer level are slowing to its 2% target.

9. FDIC report outlines 'misogynistic,' 'patriarchal' 'good ol' boys' workplace culture - Friday, May 3, 2024

WASHINGTON (AP) — An independent review of the Federal Deposit Insurance Corp. 's workplace culture describes an environment that fostered "hostile, abusive, unprofessional, or inappropriate conduct," and questions whether the agency's chairman is credible to lead the agency through a cultural transformation.

10. Bank of America's 1Q profits fall 18% on higher expenses, charge-offs - Friday, April 12, 2024

NEW YORK (AP) — Bank of America said its first-quarter profits fell 18%, as the bank dealt with rising expenses due to the impact of higher interest rates. But the results beat analysts' estimates.

11. Big banks warn of uncertain year ahead after mixed financial performances in the first quarter - Friday, April 12, 2024

NEW YORK (AP) — Big banks warned of an "uncertain" year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere.

12. What college students need to know about payment apps - Friday, April 12, 2024

For college students, sending money to friends has never been easier thanks to peer-to-peer payment apps like Venmo, PayPal and Cash App. But that convenience poses risks, including vulnerability to errors, fraud and the tendency to overspend.

13. Biden administration would cap credit card late fees at $8, part of campaign against junk fees - Friday, March 1, 2024

WASHINGTON (AP) — The Biden administration announced a rule Tuesday to cap all credit card late fees, the latest effort in the White House push to end what it has called junk fees and a move that regulators say will save Americans up to $10 billion a year.

14. Capital One to buy Discover for $35B in deal that combines major US credit card companies - Friday, February 16, 2024

NEW YORK (AP) — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard.

15. Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up - Friday, February 2, 2024

GENEVA (AP) — UBS on Tuesday reported a fourth-quarter pretax loss of more than $750 million as the Swiss banking giant continued to integrate its longtime rival Credit Suisse after a government-orchestrated merger.

16. Americans have saddled themselves with credit card debt. Now renters and the poor are falling behind - Friday, February 2, 2024

NEW YORK (AP) — While the U.S. economy is broadly healthy, pockets of Americans have run through their savings and run up their credit card balances after battling inflation for more than two years.

17. Lee to deliver State of the State Feb. 5 - Friday, January 26, 2024

Gov. Bill Lee will deliver his sixth State of the State address to the General Assembly and fellow Tennesseans Monday, Feb. 5 at 6 p.m. CST. The joint session will take place in the House Chamber of the Tennessee State Capitol.

18. Banks upbeat on US consumer despite bank profit declines, inflation, rising debt levels - Friday, January 12, 2024

NEW YORK (AP) — The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank.

19. Bank profits mostly fall in fourth quarter, but banks remain upbeat on economy and consumer - Friday, January 12, 2024

NEW YORK (AP) — Three of the nation's biggest banks said Friday that their profits fell last quarter, as JPMorgan Chase, Bank of America and Citigroup deal with the lingering effects of higher interest rates and the industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank.

20. Wall Street wobbles to a mixed close, and yields yo-yo after an inflation report - Friday, January 12, 2024

NEW YORK (AP) — Wall Street wobbled Thursday after an update on inflation raised questions about when the Federal Reserve could begin the cuts to interest rates that investors crave so much.

The S&P 500 slipped 3.21 points, or 0.1%, to 4,780.24 after swinging up and down a few times through the day. The Dow Jones Industrial Average rose 15.29, or less than 0.1%, to 37,711.02, and the Nasdaq composite edged up by 0.54, or less than 0.1%, to 14,970.19.

21. Would your documents make it through a disaster? - Friday, December 15, 2023

Floods, fires, historic storms – severe weather events are on the rise. If your home was hit by high water or a wildfire, would your important papers be safe?

“Unfortunately, I’ve had clients who’ve been victims of fires, flooding, hurricanes,” says Sev Tamayo, an agent with Goosehead Insurance in Palm Coast, Florida. “Some of them were prepared and some of them weren’t.”

22. Rhett, Wilson, Lynyrd Skynyrd to headline New Year’s Eve - Friday, October 6, 2023

The live show for Jack Daniel’s New Year’s Eve Live: Nashville’s Big Bash at Bicentennial Capitol Mall State Park will feature Grammy Award-nominated Thomas Rhett, reigning CMA and ACM Female Vocalist of the Year Lainey Wilson and Rock & Roll Hall of Famers Lynyrd Skynyrd as headliners.

23. Most of Wall Street slips as the bond market cranks up the pressure - Friday, September 29, 2023

NEW YORK (AP) — Stocks mostly slipped in mixed trading Monday as the constrictor of higher interest rates tightened its coils around Wall Street.

The S&P 500 edged up by 0.34, or less than 0.1%, to 4,288.39, coming off its worst month of the year. The Dow Jones Industrial Average dropped 74.15 points, or 0.2%, to 33,433.35, and the Nasdaq composite rose 88.45, or 0.7%, to 13,307.77.

24. Banking executive Jeffrey Schmid named president of Kansas City Federal Reserve Bank - Friday, July 28, 2023

WASHINGTON (AP) — Jeffrey Schmid, a former banking executive, has been appointed the next president of the Federal Reserve Bank of Kansas City, beginning Aug. 21.

25. Big banks will need to hold more capital to guard against risk under new Fed proposal - Friday, July 28, 2023

NEW YORK (AP) — The nation's biggest and most complex banks will need to hold additional capital on their balance sheets under an initial proposal by the Federal Reserve and FDIC, designed to help banks better withstand risks to their businesses that go beyond a recession or financial crisis.

26. Don’t let your credit scores retire when you end work - Friday, July 28, 2023

Getting rid of debt before retirement is often a good idea. Getting rid of your credit scores? Not so much.

People who stop using credit also stop generating enough data to produce credit scores, the three-digit numbers used to gauge creditworthiness. Not having scores can make it harder and more expensive to get loans.

27. What to consider before budgeting with the cash-stuffing method - Friday, July 21, 2023

When Giovanna “Gigi” Gonzalez wanted to cut back on her food spending, the finance expert and money coach applied what is known as the “cash-stuffing” method of budgeting. She put the cash she allotted to food for the week into an envelope and limited her spending to that amount.

28. Nashville School of Law honors alumnus Cone - Friday, July 21, 2023

Nashville School of Law honored distinguished alumnus and board member Tom Cone at its annual Recognition Dinner.

More than 500 guests gathered to celebrate the business leader and philanthropist, including NSL faculty, staff, board members, alumni and many family members and close friends.

29. Welcome to the real world: Financial tips for new grads - Friday, June 9, 2023

For new college graduates, receiving that first post-degree paycheck can be almost as exciting as getting the diploma itself. But it also presents a challenge: Given the many demands on a young person’s budget, how should those funds be managed?

30. Money stored in Venmo, other payment apps could be vulnerable, financial watchdog warns - Friday, June 2, 2023

NEW YORK (AP) — Customers of Venmo, PayPal and CashApp should not store their money for the long term with these apps because their funds might not be safe during a crisis, the Consumer Financial Protection Bureau warned on Thursday.

31. High-end homes continue to defy sagging market - Friday, June 2, 2023

Sales of $2 million or more are commonplace in Nashville, with many neighborhoods logging sales that were unimaginable four years ago. Those with seven-figure dreams dancing in their heads would have been seen as daft in 2019. And as that gave way to 2020, the news of the pandemic should have drowned those dreams.

32. Anxious retirees, social service groups among those making default contingency plans - Friday, May 19, 2023

WASHINGTON (AP) — Phoenix retiree Saundra Cole has been watching the news about the debt limit negotiations in Washington with dismay — and limiting her air conditioning use to save money just in case her monthly Social Security check is delayed due to a default.

33. CEO pay again in focus as the heads of failed banks appear before Senate panel - Friday, May 12, 2023

NEW YORK (AP) — The recent failures of a trio of midsize banks has once again raised questions about whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies' long-term health.

34. Congressional budget agency projects bigger deficits as debt talks continue - Friday, May 12, 2023

WASHINGTON (AP) — This year's projected government budget deficit has jumped by $130 billion, due in part to a proposed change to student loan repayment plans and a series of bank rescues organized by federal regulators, the Congressional Budget Office said Friday .

35. Federal bank records emerge as focus of GOP's Biden probes - Friday, May 5, 2023

WASHINGTON (AP) — Facing growing pressure to show progress in their investigations, House Republicans on Wednesday detailed what they say are concerning new findings about President Joe Biden's family and their finances.

36. The banking crisis isn't over. But how bad will it get? - Friday, May 5, 2023

NEW YORK (AP) — Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon this week that the worst of the recent crisis is over and the health of the banking system remains strong.

37. Former CEOs of failed banks to testify before Senate panel - Friday, April 28, 2023

WASHINGTON (AP) — The former top executives of two failed banks will testify before Congress this month as lawmakers dig into what caused a series of collapses at mid-sized financial institutions.

The Senate Banking Committee indicated Tuesday that it will hold a hearing May 16 with Silicon Valley Bank's former CEO, Gregory Becker, as well as Signature Bank's former chairman and co-founder, Scott Shay, and its former president, Eric Howell.

38. Why First Republic failed. Are other banks to follow? - Friday, April 28, 2023

First Republic Bank has become the second large regional bank with assets over $200 billion to fail in just a few weeks. Like Silicon Valley Bank, which was seized by the government on March 10, First Republic catered to a wealthy clientele, which helped it grow deposits rapidly but may have also contributed to its undoing. The bank's business model left it susceptible to a sudden rise in interest rates.

39. FDIC recommends raising insured deposit limit for businesses - Friday, April 28, 2023

NEW YORK (AP) — U.S. businesses might be able to secure bank deposit insurance for accounts holding more than $250,000 if Congress agrees with the Federal Deposit Insurance Corp.'s new proposal to ease the industry turmoil that has sparked three bank failures in the past two months.

40. Fed faults Silicon Valley Bank execs, itself in bank failure - Friday, April 28, 2023

WASHINGTON (AP) — The Federal Reserve blamed last month's collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry needs stricter policing on multiple fronts to prevent future bank failures.

41. Fed's review of role in Silicon Valley Bank collapse due out - Friday, April 28, 2023

WASHINGTON (AP) — 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.

42. Infinite banking has TikTok buzzing, but is it for you? - Friday, April 28, 2023

Scroll through TikTok’s finance feed and you’ll come across viral videos on “infinite banking.” The concept is making a splash on social media, fueled by celebrities like rapper Waka Flocka Flame.

43. Bank turmoil led Fed officials to forecast fewer rate hikes - Friday, April 7, 2023

WASHINGTON (AP) — Turmoil in the banking system after two major banks collapsed led many Federal Reserve officials to envision fewer rate increases this year out of concern that banks will reduce their lending and weaken the economy.

44. Buffett says people shouldn't worry about Berkshire, banks - Friday, April 7, 2023

OMAHA, Neb. (AP) — Billionaire Warren Buffett assured investors Wednesday that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate.

Buffett said that after Vice Chairman Greg Abel takes over, Berkshire will still follow the same model of allowing its subsidiaries to largely run themselves while looking for other companies to buy with the substantial cash reserves it keeps on hand at all times.

45. GOP lawmakers accuse Fed of being lax before bank failure - Friday, March 31, 2023

WASHINGTON (AP) — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference.

46. Biden calls to revive bank regulations that Trump weakened - Friday, March 31, 2023

WASHINGTON (AP) — Weeks after the failure of two banks, President Joe Biden called Thursday for independent regulatory agencies to impose tighter rules on the financial system, telling them that they can act under current law without additional steps taken by Congress.

47. Stocks rally on Wall Street as bank fears ease further - Friday, March 24, 2023

NEW YORK (AP) — Stocks rallied Wednesday as Wall Street shakes off more of the fear that dominated it earlier this month.

The S&P 500 rose 1.4% for its fourth gain in the last five days. The Dow Jones Industrial Average climbed 323 points, or 1%, while the Nasdaq composite jumped 1.8%.

48. GOP lawmakers accuse Fed of being lax before bank failure - Friday, March 24, 2023

WASHINGTON (AP) — Republican lawmakers accused top bank regulators Wednesday of dawdling as Silicon Valley Bank hurtled toward the second-largest bank failure in U.S. history and questioned whether tougher regulations would have made a difference.

49. Fed official: Bank rules under review in wake of SVB failure - Friday, March 24, 2023

WASHINGTON (AP) — The Federal Reserve's bank supervisors warned Silicon Valley Bank's management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but its managers failed to take the steps necessary to fix the problems.

50. Fed official: SVB itself was main cause of bank's failure - Friday, March 24, 2023

WASHINGTON (AP) — The Federal Reserve's bank supervisors informed Silicon Valley Bank's management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but the bank's managers failed to take the steps necessary to fix its problems.

51. Most stocks tick up, including a jump for beaten-down banks - Friday, March 24, 2023

Stocks closed mostly higher on a steadying Wall Street as battered banks showed more strength, at least for now. The S&P 500 rose 0.2% Monday. The Dow Jones Industrial Averate also rose, while the Nasdaq fell. Markets have been in turmoil following the second- and third-largest U.S. bank failures in history earlier this month. Investors have been hunting for which banks could be next to fall as the system creaks under the pressure of much higher interest rates. First Citizens' stock soared after saying it would buy most of Silicon Valley Bank, whose failure sparked the industry's furor earlier this month.

52. Fed official: Regulators will ensure all deposits are 'safe' - Friday, March 24, 2023

WASHINGTON (AP) — The nation's top financial regulator pledged Monday that the Federal Reserve and other agencies will take whatever steps they deem necessary to protect depositors and the banking system two weeks after two large bank collapses triggered financial turmoil in the United States and Europe.

53. Deal to buy Silicon Valley Bank calms bank fears, for now - Friday, March 24, 2023

NEW YORK (AP) — First Citizens Bank is buying much of Silicon Valley Bank, the tech-focused financial institution whose failure this month set off a chain reaction that helped rattle faith in banks around the world.

54. Wall Street ends higher, marking 2nd winning week in a row - Friday, March 24, 2023

Stocks shook off a weak start and ended higher on Wall Street even as worries about banks on both sides of the Atlantic continue to weigh on markets. The S&P 500 rose 0.6% Friday, marking its second straight weekly gain. The Dow Jones Industrial Average and the Nasdaq composite also rose. Treasury yields stabilized after an early drop. Markets have been turbulent recently on worries that banks are weakening under the pressure of much higher interest rates. That's led to rising concerns about a recession and uncertainty about what central banks will do with interest rates going forward.

55. Fed's unwanted ally in bid to tame inflation: Credit crunch - Friday, March 24, 2023

WASHINGTON (AP) — The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending.

The upheaval in the financial system that's followed the collapse of two major U.S. banks is raising the likelihood that lending standards will become sharply more restrictive. Fewer loans would mean less spending by consumers and businesses. That, in turn, would make it harder for companies to raise prices, thereby reducing inflationary pressures.

56. Lawmakers tell ex-CEOs 'you must answer' for bank failures - Friday, March 24, 2023

WASHINGTON (AP) — Leaders of the Senate's banking committee on Thursday warned former chief executive officers at the failed Silicon Valley Bank and Signature Bank that they expect them to testify before the panel, saying in a letter to each: "you must answer for the bank's downfall."

57. Americans' faith in banks low after failures: AP-NORC poll - Friday, March 24, 2023

WASHINGTON (AP) — Only 10% of U.S. adults say they have high confidence in the nation's banks and other financial institutions, a new poll finds. That's down from the 22% who said they had high confidence in 2020.

58. Americans' faith in banks low after failures: AP-NORC poll - Friday, March 17, 2023

WASHINGTON (AP) — Only 10% of U.S. adults say they have high confidence in the nation's banks and other financial institutions, a new poll finds. That's down from the 22% who said they had high confidence in 2020.

59. Fed raises key rate by quarter-point despite bank turmoil - Friday, March 17, 2023

WASHINGTON (AP) — The Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.

60. Stocks rise for first 2-day rally since banking crisis began - Friday, March 17, 2023

NEW YORK (AP) — Stocks rallied Tuesday, led by the banks most beaten down by the industry's crisis, and some of Wall Street's fear washed out on hopes the U.S. government will offer more help if needed.

61. Yellen says bank situation stabilizing, different from 2008 - Friday, March 17, 2023

WASHINGTON (AP) — Treasury Secretary Janet Yellen projected calm on Tuesday after recent regional bank collapses but told a gathering of bankers that additional rescue arrangements "could be warranted" if any new failures at smaller institutions jeopardize financial stability.

62. Fed's tough challenge: Confront inflation and bank jitters - Friday, March 17, 2023

WASHINGTON (AP) — Still grappling with persistently high inflation, the Federal Reserve faces an entirely new — and in some ways conflicting — challenge as it meets to consider interest rates this week: How to restore calm to a nervous banking system.

63. Silicon Valley Bank successor's auction extended by FDIC - Friday, March 17, 2023

The bidding process for the successor of Silicon Valley Bank is being extended by the Federal Deposit Insurance Corp. to give more time to work out a potential deal.

64. New York Community Bank to buy failed Signature Bank - Friday, March 17, 2023

NEW YORK (AP) — New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the Federal Deposit Insurance Corp. said late Sunday.

65. Biden calls for tougher penalties for execs of failed banks - Friday, March 17, 2023

WASHINGTON (AP) — President Joe Biden on Friday called on Congress to allow regulators to impose tougher penalties on the executives of failed banks, including clawing back compensation and making it easier to bar them from working in the industry.

66. Parent company of Silicon Valley Bank files for bankruptcy - Friday, March 17, 2023

The parent of Silicon Valley Bank filed for Chapter 11 bankruptcy a week after the tech-focused bank failed and was seized by the U.S. government.

The filing from SVB Financial Group on Friday is not a surprise, with much of the company now under the control of U.S. banking regulators. During the 2008 financial crisis, the parent companies of failed banks Washington Mutual and IndyMac — filed for bankruptcy protection in the days after their banking operations failed.

67. Fed lent $300B in emergency funds to banks in the past week - Friday, March 17, 2023

WASHINGTON (AP) — Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday.

Nearly half the money — $143 billion — went to holding companies for two major banks that failed over the past week, Silicon Valley Bank and Signature Bank, triggering widespread alarm in financial markets. The Fed did not identify the banks that received the other half of the funding or say how many of them did so.

68. Will Americans end up footing the bill for bank failures? - Friday, March 17, 2023

WASHINGTON (AP) — The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another? And what will the price tag be?

69. Stocks rally after battered First Republic gets a lifeline - Friday, March 17, 2023

NEW YORK (AP) — Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry's next victim.

The S&P 500 jumped 1.8% for its best day in nearly two months after 11 of the biggest banks said they would deposit a combined $30 billion into First Republic Bank. The Dow Jones Industrial Average erased an early loss of 300 points to climb 371 points, or 1.2%, while the Nasdaq composite jumped 2.5%.

70. Big banks create $30B rescue package for First Republic - Friday, March 17, 2023

NEW YORK (AP) — Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank from becoming the third bank to fail in less than a week.

71. Experts, banks look for ideas to stop next bank failure - Friday, March 17, 2023

WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis.

72. FACT FOCUS: Claims link 'woke' policies to bank's demise - Friday, March 17, 2023

As Wall Street reels from the swift demise of Silicon Valley Bank — the biggest American bank failure since the 2008 financial meltdown — some social media users are honing in on a single culprit: its socially aware, or "woke," agenda.

73. NY bank's demise: Contagion or a problem with the business? - Friday, March 17, 2023

Signature Bank's collapse came stunningly fast, leaving behind the question of whether there was a fundamental flaw in the way it did business — or if it was just a victim of the panic that spread after the failure of Silicon Valley Bank.

74. Yellen tells Congress US banking system 'remains sound' - Friday, March 17, 2023

WASHINGTON (AP) — A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation's banking system "remains sound" and Americans "can feel confident" about their deposits.

75. Bank runs used to be slow. The digital era sped them up - Friday, March 10, 2023

NEW YORK (AP) — A bank run conjures images of "It's a Wonderful Life," with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money.

76. How Washington came to rescue US banks - Friday, March 10, 2023

WASHINGTON (AP) — After the sudden collapse of Silicon Valley Bank, California Democratic Rep. Maxine Waters started furiously working the phones to find out what was going on with the failed lender — and what would happen to its panicked depositors.

77. Is my money safe? What you need to know about bank failures - Friday, March 10, 2023

NEW YORK (AP) — The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about your money. They were the second- and third-biggest bank failures in U.S. history.

78. Fed criticized for missing red flags before bank collapse - Friday, March 10, 2023

WASHINGTON (AP) — The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.

79. Biden seeks to show stability in bid to avert banking chaos - Friday, March 10, 2023

WASHINGTON (AP) — In 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation's financial crisis, just as the emerging Trump administration was determined to loosen those strict banking rules.

80. After two historic US bank failures, here's what comes next - Friday, March 10, 2023

WASHINGTON (AP) — Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe.

81. Government races to reassure US that banking system is safe - Friday, March 10, 2023

NEW YORK (AP) — Depositors withdrew savings and investors broadly sold off bank shares Monday as the federal government raced to reassure Americans that the banking system was secure after two bank failures fed fears that more financial institutions could fall.

82. US, UK try to stem fallout from Silicon Valley Bank collapse - Friday, March 10, 2023

NEW YORK (AP) — Governments in the U.S. and Britain are taking extraordinary steps to prevent a potential banking crisis after the failure of California-based Silicon Valley Bank prompted fears of a broader upheaval.

83. Size, scope of FTX failure gets clearer as users fear worst - Friday, November 11, 2022

NEW YORK (AP) — Just days after cryptocurrency's third-largest exchange collapsed, the public is starting to get an idea of how messy FTX's bankruptcy case could be. Other crypto firms are failing as a result of FTX's unraveling, events reminiscent of the domino-like meltdowns of the 2008 financial crisis.

84. Record number of Americans have bank accounts, gov't says - Friday, October 21, 2022

NEW YORK (AP) — The number of Americans who do not have a bank account fell to a record low last year, as the proliferation of online-only banks and an improving economy is bringing more Americans into the traditional financial system.

85. Three inflation-savvy moves to make now - Friday, October 21, 2022

Inflation is proving to be a stubborn, unwanted houseguest. No one particularly likes paying more for food, fuel and other living costs. But so far, the Federal Reserve’s attempts since March to evict inflation with higher interest rates haven’t worked.

86. Harris, Yellen focus on community finance at Freedman Forum - Friday, September 30, 2022

WASHINGTON (AP) — Vice President Kamala Harris and Treasury Secretary Janet Yellen plan to use this year's Freedman's Bank Forum to highlight how federal coronavirus pandemic relief program funds have helped support Black- and minority-owned businesses.

87. New crypto oversight legislation arrives as industry shakes - Friday, July 29, 2022

WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry.

88. Watchdog head: Fines may not stop bad behavior by companies - Friday, July 29, 2022

NEW YORK (AP) — The head of the nation's financial watchdog is having second thoughts about how useful fines are in deterring illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference.

89. Bitcoin plunges as major crypto lender halts operations - Friday, June 10, 2022

NEW YORK (AP) — The price of bitcoin and other cryptocurrencies crumbled Monday, after a major cryptocurrency lender effectively failed and halted all withdrawals from its platform, citing "extreme market conditions."

90. Bank regulators overhaul low-income, racial-lending rules - Friday, May 6, 2022

NEW YORK (AP) — The three major U.S. banking regulators said Thursday they a plan to rewrite much of the outdated regulations tied to a decades-old banking law designed to encourage lending to the poor and racial minorities in the areas where banks have branches.

91. Regulators: threats to US financial system remain elevated - Friday, December 17, 2021

WASHINGTON (AP) — The nation's top financial regulators told Congress Friday that threats to U.S. financial stability remain elevated even though the country has recovered from what appears to be the worst economic shocks from the pandemic.

92. US regulators endorse efforts to address climate risks - Friday, October 22, 2021

WASHINGTON (AP) — U.S. financial regulators on Thursday approved a series of steps toward addressing the dangers that climate change poses to the nation's financial system.

The Financial Stability Oversight Council, which is headed by Treasury Secretary Janet Yellen and includes Federal Reserve Chairman Jerome Powell, acknowledged in a report that climate change is a serious economic threat.

93. Biden signs competition order targeting big business - Friday, July 9, 2021

WASHINGTON (AP) — President Joe Biden signed an executive order on Friday targeting what he labeled anticompetitive practices in tech, health care and other parts of the economy, declaring it would fortify an American ideal "that true capitalism depends on fair and open competition."

94. Biden reverses Trump changes to bank antidiscrimination law - Friday, May 14, 2021

NEW YORK (AP) — The Biden administration said Tuesday it will repeal changes made by the Trump administration to a law aimed at stopping banks from discriminating against racial minorities and the poor.

95. When to expect payments, other benefits from relief package - Friday, March 5, 2021

As the latest federal pandemic relief package makes its way to President Joe Biden's desk, Americans may be wondering when the benefits will reach them.

The $1.9 trillion known as the "American Rescue Plan" is massive, both in size and scope. It includes direct payments to most Americans, aid to small businesses, financial help for schools and much more to help the country recover from the financial ravages of the pandemic.

96. Sitting on billions, Catholic dioceses amassed taxpayer aid - Friday, February 5, 2021

When the coronavirus forced churches to close their doors and give up Sunday collections, the Roman Catholic Diocese of Charlotte turned to the federal government's signature small business relief program for more than $8 million.

97. Pilgrimage Festival announces 2021 dates - Friday, October 2, 2020

Pilgrimage Music and Cultural Festival producers have scheduled the next event for Sept. 25-26 following a one-year hiatus due to the COVID-19 pandemic.

Also, in support of local musicians, the festival announced it has launched a special vintage merchandise sale on the website for a limited time with net proceeds to benefit MusiCares.

98. Bank profits slump 70% as virus rakes businesses, households - Friday, August 21, 2020

NEW YORK (AP) — The U.S. banking industry's second-quarter profits fell by 70% from a year ago as low interest rates and the economic turmoil of the COVID-19 pandemic weighed heavily on big and small banks alike.

99. Federal banking agencies ease Volcker Rule restrictions - Friday, June 26, 2020

WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds.

100. Front-line work during pandemic falls on women, minorities - Friday, May 1, 2020

NEW YORK (AP) — As America tentatively emerges from weeks of lockdowns, the pandemic has taken its toll on workers who have been on the front lines all along.

They have been packing and delivering supplies, caring for the sick and elderly, and keeping streets and buildings clean.