NYSE Chief Executive Reacts to Fed Rate Cut at POC Event
When NYSE Euronext (NYX) Chief Executive Duncan Niederauer accepted the invitation to speak at today’s Potomac Officer’s Club event at the Ritz Carlton, he could hardly have imagined it would have been...
View ArticleSuspect Nabbed for Hacking Federal Reserve's Networks
A Malaysian computer expert who allegedly hacked into the Federal Reserve’s network and had more than 400,000 credit-card numbers in his possession has been indicted. Lin Mun Poo was arrested at a...
View ArticleDeloitte to Build Wash. State Health Exchange Infrastructure
Deloitte has won a $54.85 million contract in support of Washington state’s health benefit exchange, the Puget Sound Business Journal reports. The consulting and contracting firm will build the...
View ArticleIBM to Help Update Atlanta Federal Reserve Bank’s Electronic Clearinghouse
A regional Federal Reserve bank has chosen IBM to help refresh a technology platform that the financial institution uses to clear and settle interbank retail payments. IBM will deliver and implement...
View Article28 Year Low: Fewest Workers Receive Unemployment Since 1988
Fewer workers received unemployment benefits at the end of April than at any other time in the last 28 years, the Department of Labor reported Thursday, and when the last four weeks are taken into...
View ArticleU.S. Consumer Spending Rebounds for Biggest Increase in 4 Months
In line with wage and salary increases the previous month, U.S. consumer spending saw its biggest increase in four months in April, the Commerce Department said Tuesday. This increase was the largest...
View ArticleReport: Tech Firms Back Federal Reserve’s Real-Time Payment Network Plan
Several technology companies have expressed support to the Federal Reserve’s plan to come up with a real-time payment network designed to connect all U.S. banks, credit unions and other financial...
View ArticleExperts Share Views on Fed’s Central Bank Digital Currency Discussion Paper
Salman Banaei, head of public policy in North America for crypto data firm Chainalysis, and other experts shared their thoughts on a Federal Reserve discussion paper that explored the potential...
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