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Fed's Powell faces Wall Street firing line on Capitol Hill

Sen. Tim Scott and nine other Republicans told the Fed chair that there's no reason to hike capital requirements for the banks. ....

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Big banks gear up for Fed fight

Wall Street giants are on alert because of Fed Vice Chair for Supervision Michael Barr, President Joe Biden’s pick to serve as the central bank’s pointman on regulation. ....

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Fed rolls out 2023 stress-test scenarios, with wrinkle for biggest banks

Along with the typical severely adverse scenarios, global systemically important banks will be tested against a second set of conditions that involve a market shock. ....

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There's no such thing as a bad jobs report

Jobless claims, job openings and the quits rate are already signaling a slowdown. ....

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Kevin Fromer

Kevin Fromer is president and CEO of the Financial Services Forum, which represents the eight largest, most diversified U.S. banking institutions. ....

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