Federal regulators moved to lift their punishment against Wells Fargo, which prevented its growth following the bank’s fake ...

The Federal Reserve aims to cut 10% of its workforce over the next several years, Chair Jerome Powell told employees in a ...

Rather than being a single entity, as is the case for central banks in many other countries, the Fed is comprised of three parts, each serving a distinct function: The Federal Reserve Board of ...

The Federal Reserve is the central bank of the United States and the anchor of the country's financial system and economic health. It’s governed by a federal Board of Governors appointed by the ...

The FEDERAL RESERVE BANK OF CLEVELAND was established in 1914 as part of the Federal Reserve System, the central bank of the United States. It is one of twelve regional reserve banks that, together ...

The Federal Reserve Board and the Federal Deposit Insurance Corp. have withdrawn several statements regarding banks’ crypto-related activities in an effort to support innovation and clarify ...

Federal regulators moved to lift their punishment against Wells Fargo that prevented its growth following the bank’s fake accounts scandal in 2018.

The staff reductions will apply to both the Federal Reserve Board in Washington, with about 3,000 employees, and the 12 reserve banks scattered around the country, with another 21,000 staff.