Tag: financial_services
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IRS Unveils New Look-Back Interest Calculator for Businesses
The IRS has released an Excel-based calculator to help businesses and tax professionals compute look-back interest for long-term construction and manufacturing contracts, aiming to simplify compliance with tax regulations.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalComputers and Internet IRSLook-Back InterestTax CalculatorLong-Term ContractsBusinessesTaxationFinancial Services
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OCC Releases Third Quarter 2026 CRA Evaluation Schedule
The OCC has released its Q3 2026 Community Reinvestment Act evaluation schedule, a departure from its usual two-quarter advance notice. This change is due to updates for community banks and supervisory reforms, with public comments encouraged.
Politics and GovernmentBusinessFederal GovernmentEconomyLegalBanking OCCCommunity Reinvestment ActBank RegulationFinancial ServicesEvaluation ScheduleCommunity BanksPublic CommentOffice of the Comptroller of the Currency (OCC)
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Comptroller Gould Abstains from FDIC Vote, Citing Flaws in Resolution Planning
Comptroller Jonathan V. Gould abstained from an FDIC vote on resolution plans, citing "fundamental issues" and an "extralegal process." He advocates for significant reforms to address flawed planning and burdensome requirements.
BusinessPolitics and GovernmentEconomyBankingFederal GovernmentLegalFinancial Markets Jonathan V. GouldOffice of the Comptroller of the CurrencyFederal Deposit Insurance CorporationResolution PlanningDodd-Frank ActBanking RegulationFinancial ServicesOffice of the Comptroller of the Currency (OCC)
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SEC Chairman Atkins to Deliver Keynote at 2026 Reagan Economic Forum
SEC Chairman Paul S. Atkins will deliver a keynote address at the 2026 Reagan National Economic Forum on May 29, 2026, at 11 AM ET, discussing economic matters and the Commission's role.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial Markets Paul S. AtkinsSECReagan National Economic ForumKeynote AddressEconomicsGovernmentFinancial Services
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Direct Express Program Transitions to Fifth Third Bank for Federal Benefit Payments
The Direct Express program is transitioning its financial agent to Fifth Third Bank, effective May 18, 2026, for new enrollments. Existing Comerica Bank accounts will migrate in phases, with no immediate impact on current beneficiaries.
Politics and GovernmentBusinessFederal GovernmentBankingEconomySocial Issues Social Security AdministrationDirect ExpressFifth Third BankComerica BankElectronic PaymentsGovernment BenefitsFinancial Services
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Governor Barr Addresses Consumer Financial Health at Atlanta Conference
Federal Reserve Governor Michael S. Barr addressed consumer financial health metrics at the EMERGE Financial Health 2026 conference in Atlanta. His speech, released by the Board of Governors, highlighted key aspects of financial well-being.
Politics and GovernmentBusinessFederal GovernmentEconomyFinancial MarketsSocial Issues Federal ReserveMichael S. BarrConsumer Financial HealthAtlantaEMERGE Financial HealthSpeechFinancial ServicesU.S. Federal Reserve
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House to Address Veterans' Rights, Iran Policy, and Financial Legislation on May 20
The House convenes May 20 for legislative business, considering bills on veterans' rights, Iran hostilities, education, and financial services. Votes are expected from 12:30 p.m. to 4:30 p.m.
Politics and GovernmentBusinessConflictFederal GovernmentCongressEconomyEducationMiddle EastGeneral Politics House of RepresentativesLegislative BusinessVeterans AffairsForeign PolicyFinancial ServicesSmithsonianMay 20
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House to Consider Key Legislation on Veterans, Iran, Education, and More
The U.S. House of Representatives will convene to consider diverse legislation, including bills on veterans' rights, the Smithsonian, Iran policy, education, and financial services. Several measures, including those related to veterans' facilities and banking, have been postponed.
Politics and GovernmentBusinessConflictFederal GovernmentGeneral PoliticsEconomyEducationMilitarySocial Issues House of RepresentativesLegislationVeterans AffairsForeign PolicyFinancial ServicesSmithsonian
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SEC Commissioner Uyeda Proposes Offering and Filer Status Reforms
SEC Commissioner Mark T. Uyeda has released a statement proposing reforms for registered offerings, enhancing accommodations for Emerging Growth Companies, and simplifying filer status for reporting companies to streamline regulatory processes.
BusinessPolitics and GovernmentFederal GovernmentEconomyFinancial Markets Securities and Exchange CommissionMark T. UyedaRegistered Offering ReformEmerging Growth CompaniesFiler StatusReporting CompaniesFinancial Services
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OCC Announces 2026 Workshop Series for Community Bank Leaders
The OCC is offering workshops for community bank directors and senior management throughout 2026, focusing on risk management, governance, and compliance to strengthen operations and support economic vitality.
BusinessPolitics and GovernmentBankingFinancial MarketsEconomyFederal GovernmentEducation Office of the Comptroller of the CurrencyCommunity BanksRisk ManagementBanking WorkshopsFinancial ServicesJonathan V. GouldBusiness EducationOffice of the Comptroller of the Currency (OCC)
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House to Consider Diverse Legislation, Including Capitol Police Retirement Age and Veterans' Bills
The U.S. House of Representatives will meet on May 19, 2026, to consider a range of legislation under suspension of the rules, addressing issues from Capitol Police retirement and veterans' affairs to financial services and natural resources.
Politics and GovernmentBusinessLaw EnforcementHealthCongressFederal GovernmentEconomySocial IssuesEmployment and Labor U.S. House of RepresentativesLegislative AgendaCapitol PoliceVeterans' AffairsFinancial ServicesNatural ResourcesBill Consideration
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House to Consider Capitol Police Retirement Age, Veterans' Bills, and Financial Legislation
The House of Representatives will meet to consider a range of legislation, including a bill to increase the Capitol Police retirement age, several Veterans' Affairs measures, and financial services acts, with recorded votes postponed.
Politics and GovernmentBusinessGeneral PoliticsFederal GovernmentCongressEconomyBankingSocial Issues House of RepresentativesLegislationCapitol PoliceVeterans AffairsFinancial ServicesNatural ResourcesGovernment
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House to Tackle Broad Legislative Agenda This Week
The U.S. House of Representatives will consider bills on veterans' affairs, financial services, Capitol Police retirement, and natural resources during its sessions from May 19-22.
Politics and GovernmentBusinessLaw EnforcementConflictGeneral PoliticsFederal GovernmentCongressEconomyEducationMilitary US House of RepresentativesLegislationVeterans' AffairsFinancial ServicesCapitol PoliceNatural ResourcesMajority Leader Steve Scalise
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House of Representatives Outlines Busy Legislative Week
The House of Representatives will address a diverse legislative agenda this week, including bills on veterans' benefits, financial services, and Capitol Police retirement age, with sessions scheduled from Tuesday through Friday.
Politics and GovernmentBusinessLaw EnforcementConflictFederal GovernmentEconomyLegalEducationMilitaryMiddle East House of RepresentativesLegislationVeterans' AffairsFinancial ServicesCapitol PoliceNatural ResourcesUS CongressRepublican Whip
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Federal Reserve Terminates Enforcement Actions Against UBS and Credit Suisse
The Federal Reserve Board has ended enforcement actions against UBS Group AG, Credit Suisse AG, and their U.S. entities. This decision concludes regulatory oversight, signaling compliance by the major global banks.
BusinessPolitics and GovernmentBankingFederal GovernmentLegal Federal Reserve BoardUBS Group AGCredit Suisse AGEnforcement ActionsFinancial ServicesRegulationU.S. Federal Reserve
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Vice Chair Bowman Addresses Future of Banking Conference
Federal Reserve Vice Chair Bowman delivered opening remarks at the 2026 Future of Banking Conference in Kansas City, Missouri, discussing the future of the financial sector.
BusinessPolitics and GovernmentBankingFederal GovernmentEconomy Vice Chair BowmanFederal ReserveBanking ConferenceKansas CityFuture of BankingFinancial ServicesU.S. Federal Reserve
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Media Monitor: Google Unveils AI-Native Devices, Explores Orbital Compute with SpaceX; Amazon Faces AI Incentive Issues
The Rundown reports Google is integrating AI deeply into Android with new Googlebooks and Gemini Intelligence, while also exploring orbital data centers with SpaceX. Amazon faces challenges with AI usage incentives.
Science & TechnologyBusinessHealthArtificial IntelligenceComputers and InternetFinancial MarketsMedical ScienceAstronomy and Space GoogleSpaceXAmazonOrbital ComputingFinancial ServicesEmployee IncentivesThe Rundown AI
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House to Consider Diverse Legislation on Tuesday Session
The House of Representatives will meet Tuesday, May 12, to vote on bills addressing financial services, antisemitism, retail crime, and human rights in China, with votes anticipated by 6:30 p.m.
Politics and GovernmentBusinessLaw EnforcementWorldCongressFederal GovernmentEconomyLegalSocial IssuesAsia House of RepresentativesLegislationFinancial ServicesJudiciary CommitteeForeign Affairs CommitteeAntisemitismChina
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House to Consider Key Legislation on Financial Services, Judiciary, and Human Rights
The House of Representatives will meet Tuesday, May 12, to vote on bills addressing financial services, retail crime, antisemitism, and human rights in China. Votes are expected around 6:30 p.m.
Politics and GovernmentBusinessLaw EnforcementWorldCongressFederal GovernmentEconomyLegalSocial IssuesAsia U.S. HouseLegislative BusinessFinancial ServicesJudiciaryHuman RightsAntisemitismChina
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Neal Shipley Tees Up Partnership with American Airlines and Citi / AAdvantage Mastercard
Golfer Neal Shipley has become an ambassador for American Airlines and its Citi / AAdvantage Mastercard portfolio. This new partnership aims to elevate Shipley's profile while promoting the co-branded credit card.
BusinessSportBankingFinancial MarketsEconomy Neal ShipleyAmerican AirlinesCiti / AAdvantage MastercardGolfBrand AmbassadorAirline IndustryFinancial Services
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SEC Chairman Atkins Addresses Financial Market Regulation
SEC Chairman Paul S. Atkins delivered remarks at the Conference on Financial Market Regulation. His address focused on key aspects of financial market oversight, underscoring the Commission's involvement in regulatory discussions.
BusinessPolitics and GovernmentFinancial MarketsFederal GovernmentEconomyGeneral PoliticsLegal Paul S. AtkinsSEC ChairmanSecurities and Exchange CommissionFinancial Market RegulationConferenceFinancial ServicesGovernment
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Fourteen Indicted for Drug Trafficking in Southwest Michigan
A grand jury has indicted fourteen individuals from Southwest Michigan for drug trafficking offenses, including conspiracy to distribute fentanyl, methamphetamine, and cocaine. Eight face new charges, while six were previously indicted in separate cases.
Financial Services CrimeLaw, Government & PoliticsFBI DetroitSouthwest MichiganDrug TraffickingFentanylMethamphetamineFBI
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Media Monitor: Mayor's Office on Latino Affairs Announces Cinco de Mayo Celebrations
The Mayor's Office on Latino Affairs is reporting that it will partner with local community organizations to host an evening of Cinco de Mayo celebrations featuring culture and music on May 5.
Financial Services Cinco de MayoLatino AffairsCommunity EventsArts & CultureMusicEventsDC Office on Latino Affairs
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New York Social Security Offices Announce Operational Status Changes
The Social Security Administration has updated the operational status of its New York offices. Residents are encouraged to check facility availability online and utilize the agency's comprehensive digital services for benefits and account management.
Financial Services Social Security AdministrationNew YorkGovernmentRetirement PlanningMedicareOnline ServicesBenefit Applications
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Stock Price Inquiry
stock-price-inquiry
Financial Services stock pricemarket datafinancial informationThe Washington Post
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Media Monitor: Apple Inc. (AAPL) Stock Price Update
Apple Inc. (AAPL) is currently trading at $189.84, according to the latest market data.
Financial Services Apple Inc.AAPLstock pricefinancemarket dataCornell Chronicle
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Social Security Administration Announces Operational Changes for New York Offices
The Social Security Administration has updated the operational status of its New York offices. Residents are encouraged to check their local office's status and utilize the agency's comprehensive online services for benefit applications and account management.
Financial Services Social Security AdministrationNew YorkGovernment ServicesRetirement BenefitsMedicareOnline ServicesPersonal Finance
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UK Launches 'One-Stop Shop' to Attract Global Financial Investment
Chancellor Rachel Reeves unveils Office for Investment: Financial Services to streamline investment for global firms, aiming to boost job creation and economic growth across the UK.
Politics and GovernmentBusinessEconomyFinancial MarketsTradeEmployment and LaborBankingEurope Office for Investment: Financial ServicesRachel ReevesHM TreasuryFinancial ServicesInvestmentCity of London CorporationUnited KingdomUK Government
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UK and US Sign Tech Prosperity Deal, Bolstering Economic Ties
A new Tech Prosperity Deal between the UK and the US promises increased capital flows and job creation, building on a strong trading relationship and historic investments.
Politics and GovernmentBusinessScience & TechnologyUnited KingdomTradeEconomyFinancial MarketsTechnologyArtificial Intelligence Tech Prosperity DealEconomic Prosperity DealInvestmentFinancial ServicesUK Government
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US Financial Firms Invest £1.25 Billion in UK, Creating 1,800 Jobs
Major US financial institutions including PayPal, Citi, and Bank of America are investing over £1.25 billion in the UK, generating 1,800 jobs across London, Edinburgh, Belfast, and Manchester.
Politics and GovernmentBusinessEconomyFinancial MarketsTradeBankingEmployment and LaborUnited Kingdom investmentfinancial servicesjob creationBank of AmericaCiti GroupBlackRockPayPalUK Government