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LONG BEACH, Calif.–A recession is coming, but it’s not going to be bad and will likely be short lived, according to one economist.

WASHINGTON–The Federal Reserve Board has released the results of its annual bank stress test, which it said “demonstrates that large banks are well positioned to weather a severe recession and continue to lend to households and businesses even during a severe recession.”

LONDON–After more than 40 years, today officially marks the end for Libor, the London Interbank Offered Rate, which served as the key benchmark for setting the interest rates charged on adjustable-rate loans, mortgages and corporate debt around the world.

NASHVILLE, Tenn.–After introducing a solution called Enbright One to help employees manage their personal finances—including providing time at work to create and/or manage their budgets and create goals for saving, retirement and investing—the credit union said it is now expanding it to members.

WASHINGTON–With the banking industry pushing back on proposals that would raise capital standards for banks in the wake of a number of failures, one trade group is praising a Federal Reserve governor for saying any such regulation should be targeted.

HENDERSON, Nev.––America First Credit Union has entered into a naming rights agreement for the practice facility of hockey’s Henderson Silver Knights (HSK), which also serves as a community ice rink that houses Las Vegas Golden Knights and HSK hockey programming and other community events.

NEW YORK—Crypto mining as a tool to bolster money laundering capabilities extends beyond nation-states actors, holding special appeal to conventional criminals, according to a new report by blockchain forensic firm Chainalysis.