This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. James Richards, a former Wells Fargo executive, has sued the Federal Reserve for denying his post-retirement deferred compensation, …
Economic News
Fed survey finds tighter standards, weaker demand for loans in first quarter
By Michael S. Derby and Ann Saphir (Reuters) – Top U.S. bank lending officers said credit standards tightened over the first three months of the year, according to a report released on Monday by the Federal Reserve. During the first …
Fed’s Kugler says China-US tariff deal may have lowered risks
By Padraic Halpin, Howard Schneider DUBLIN (Reuters) -The U.S.-China deal to lower their most aggressive import tariffs could lessen the impact of the trade war between the world’s two largest economies and lower the likelihood that the U.S. central bank …
Fed’s Kugler warns Trump tariffs will push up prices and push down incomes
Federal Reserve governor Adriana Kugler said Monday that steeper tariffs will drive prices higher, acting to push down incomes and lower economic growth. “Although higher tariffs on US imported goods may affect our macroeconomy through many channels … I think …
Revenue Misses Expectations as Integration and Economic Headwinds Shape Outlook
Financial services provider CBIZ (NYSE:CBZ) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 69.5% year on year to $838 million. The company’s full-year revenue guidance of $2.88 billion at the midpoint came in 1.6% below …
IT Consulting Growth Offsets Soft Demand, Federal Uncertainty Weighs on Outlook
IT services provider ASGN (NYSE:ASGN) beat Wall Street’s revenue expectations in Q1 CY2025, but sales fell by 7.7% year on year to $968.3 million. Guidance for next quarter’s revenue was better than expected at $1 billion at the midpoint, 0.5% …