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A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s report from the government showed that prices rose 0.3% from February to March, the same as in the ...
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Effective April 30, 2024, as part of the annual renewal of the line-of-credit facility, DTC will implement the following changes to modify collateral value for certain securities, which may affect the value of positions applied to the Collateral Monitor: 1. Collateral valuation for corporate notes or bonds rated B1 to B3, will be updated to use a haircut ...
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Philadelphia-based Republic First Bank (doing business as Republic Bank) was closed today by the Pennsylvania Department of Banking and Securities, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into an agreement with Fulton Bank, National Association of Lancaster, Pennsylvania to assume ...