Fed’s Barr flags rising hedge fund leverage in Treasuries
The Federal Reserve’s vice chair for supervision noted that so-called basis trades by hedge funds are highly leveraged and use minimal haircuts. He added that much of this activity is concentrated among just a few funds.
How one bank uses generative AI to fight domestic abuse
Commonwealth Bank of Australia has developed an advanced artificial intelligence tool that can spot harassment in transaction messages.
FedNow is a huge improvement in payments, but it could be better still
FedNow will transform payments in the U.S., but its adoption might speed up if the Fed adopts some of the strategies Brazil used to roll out its Pix platform.
Credit Suisse reinstates independent overseer for Nazi-account probe
Barofsky, a former inspector general of the Troubled Asset Relief Program and frequent Wall Street critic, was removed as ombudsman by Credit Suisse in November 2022.