NEW YORK–Unrealized losses on bonds and loans held by U.S. banks are expected to have grown in the second quarter, even as pressure on profits is rising, according to a new analysis.
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BERN, Switzerland—The Swiss National Bank (SNB) is set to launch a wholesale central bank digital currency (CBDC) pilot supported by the country’s SIX digital exchange.
BASINGSTOKE, U.K.–A new study from Juniper Research is forecasting the total value of digital wallets transactions will rise to $16 trillion in 2028 from $9 trillion in 2023, a growth of 77%.
NEW YORK – The findings of a proof of concept (PoC) that explored the feasibility of an interoperable network for wholesale payments operating on a shared multi-entity distributed ledger have been published by the Federal Reserve Bank of New York's New York Innovation Center (NYIC) and members of the U.S. financial services sector.
WASHINGTON—Even as new inflation data provide reason for optimism, less favorable “base effects” are likely to slow further progress in reducing annual inflation to the preferred 2% target, according to the July 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group.
WATERFORD, Conn.–A cybercriminal attack shut down the online banking and website of Charter Oak FCU, although online banking has since been returned to service.
ALEXANDRIA, Va.–With his term expiring in August, NCUA Board Member Rodney Hood has issued a public statement. However, a source with NCUA told CUToday.info that Hood has no immediate plans to leave, and he was simply seeking to acknowledge his term is ending.
WASHINGTON–CUNA has sent a trio of letters to Capitol Hill related to three different issues.
SPANAWAY, Wash.–A consortium of credit unions in Washington has partnered with the Evergreen Impact Housing Fund to break ground on Copper Way, an affordable housing development here.
WASHINGTON, D.C. — The Consumer Financial Protection Bureau has published a report highlighting the risks employer-driven debt poses to workers.