Federal Reserve Board

244 results about this entity

Period: 17 Feb 2006 - 04 Nov 2024

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Fed fines HSBC $175 for chatroom chatter

The Federal Reserve Board on Friday announced that it has fined HSBC Holdings plc, London, United Kingdom, and HSBC North America Holdings Inc., New York, New York, $175 million for the firm's unsafe and unsound practices in its foreign exchange (FX) trading business.

Fed sets out next next steps for payment system overhaul

The Federal Reserve today published, Strategies for Improving the U.S. Payment System: Federal Reserve Next Steps in the Payments Improvement Journey, a paper identifying updated tactics it will pursue to help improve the speed, safety and efficiency of the U.S. payment system.

Federal Reserve puts Dave Sapenaro in charge of payment system overhaul

The Federal Reserve has named Dave Sapenaro as payments strategy director with responsibility for leading payment system improvement initiatives described in its "Strategies for Improving the U.S. Payment System" paper published in January 2015.

Industry task force sets out US path to faster payments

Industry task force sets out US path to faster payments

A task force made up of hundreds of industry players brought together by the Federal Reserve has set out 10 recommendations to make payments in the US faster and more accessible by 2020.

Cheque usage plummets in US - Fed payments study

Consumers wrote nearly two-thirds fewer checks per household in 2015 than in 2000, while total noncash payments per household, which includes not only checks but also card payments and electronic transfers via the automated clearinghouse (ACH) system, expanded almost 95 percent, according to additional results released today from the 2016 Federal Reserve Payments Study.

Deutsche Bank fined $156.6 million for chat room violations

The Federal Reserve on Thursday announced two enforcement actions against Deutsche Bank AG that will require the bank to pay a combined $156.6 million in civil money penalties.

CAD-coin V Fedcoin: The future of central bank digital currencies

CAD-coin V Fedcoin: The future of central bank digital currencies

An R3 academic paper on central bank digital currencies (CBDCs) investigates the relative merits of a public network-based retail Fedcoin option and the private, permissioned wholesale CAD-coin alternative.

Fedwire and Chips to align with Swift gpi

Fedwire and Chips to align with Swift gpi

Swift has taken a big step to realising one of the primary goals of its global payment initiative (gpi) by announcing an agreement with the Federal Reserve Banks and The Clearing House to support end-to-end payments tracking across their respective wire services.

Fed governor cautions on central bank-issued digital currencies

Fed governor cautions on central bank-issued digital currencies

A US Federal Reserve governor has poured cold water on the prospect of central bank-issued digital currencies, saying that they raise serious security and privacy concerns and could become a prime target for crooks.

Philadelphia Fed president says regulation will protect fintech innovators

Philadelphia Fed president says regulation will protect fintech innovators

Fintech firms should welcome, not fear, regulation because it is in their interest to have an "established framework" in which to operate, says the president of the Federal Reserve Bank of Philadelphia.

Former Fed staffer fined for using server to mine bitcoin

Former Fed staffer fined for using server to mine bitcoin

A former Federal Reserve employee has been sentenced to 12 months' probation and fined $5000 for installing software on a Fed server to use its computing power to earn bitcoins.

Fed publishes faster payments report

Fed publishes faster payments report

The Federal Reserve says it is on track to hit "significant milestones" this year in its long journey towards finally bringing faster payments to America.

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