Fed vice chair: Discount window ‘effective’ but still needs to evolve
Federal Reserve Vice Chair Philip Jefferson discussed the history of the central bank’s last-resort lending facility. He characterized the Fed’s latest outreach as part of a century-long effort to fine-tune the discount window.
Discover’s revenue grows, but credit performance dips
The financial institution beat analysts' estimates on revenue, net income and diluted earnings per share amid modest loan growth, even as credit performance showed signs of deterioration.
Banking lobbies back Fed in debit swipe-fee suit
The Bank Policy Institute and The Clearing House filed a motion to join the central bank's defense of Regulation II.
New York Community set for a corporate rebranding
After NYCB streamlined its branch operations under the Flagstar name, the publicly traded company will begin trading under a new stock ticker symbol in late October.