Citigroup was fined by federal banking regulators on Wednesday Inc. C 0.97% Million 400 million and ordered the country’s third-largest bank to improve its risk-management systems, citing “significant ongoing shortcomings.” The consent order, approved by the board of New York Bank, blamed Citigroup for a reduction in “various areas of …
Read More »The minutes of the Fed’s meeting show unease among officials over the new interest rate strategy
Federal Reserve Chairman Jerome Powell arrived to speak at the “Fed Listons” event last year. Eric Bardat / Agency France-Press / Getty Images Federal Reserve Chairman Jerome Powell and his colleagues at the central bank faced skepticism and opposition in an attempt to guide markets about the future path of …
Read More »‘Never underestimate the potential for epidemics’: Scientists say you should be afraid of COVID-19
Health professionals say that worrying about Kovid-1 will not help you go through the epidemic. And neither novel will treat coronavirus, a highly anticipated disease for which there is no 100% successful therapeutic cure, with nothing less than extreme caution. In short, it affects everyone differently. President Trump was released …
Read More »US auto sales showed signs of recovery in the third quarter
U.S. in the third quarter. The recovery of the auto industry gained momentum, with coronavirus-related loos and buyers returning to the show-room from sales by auto manufacturers. Strong demand for trucks and sport-utility vehicles is leading to a comeback, which is happening much faster than expected this summer. Contributing is …
Read More »The long-running wealth gap between blacks and whites remains significant, Fed data for the 2019 show
According to the latest Federal Reserve figures released on Monday, the wealth gap between whites and blacks in the United States has remained stubbornly wide in the three years ending in 2019. The typical white family has eight times the wealth of the typical black family and five times the …
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