Michael Barr

In what could be a good tiding for big banks, a report on Sunday indicated that regulators are considering significantly reducing the proposed increase in capital requirements. What Happened: The Federal Reserve, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency...

Bad loans in the commercial real estate (CRE) industry have begun to exceed the loss reserves set aside by institutions such as JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Wells Fargo & Company (NYSE:WFC), Citigroup Inc. (NYSE:C), Goldman Sachs Inc. (NYSE:GS), and...

Trading in stock futures suggests sentiment could remain guarded yet again on Tuesday as traders gear up to receive data on consumer confidence and house prices and a slew of Fed speeches. With oil rebounding ahead of the November 30 OPEC+ meeting, the energy space could see some sparkle. The...

The resilient market looks set to open the week’s last trading session on a modestly positive note. Stocks have been mostly higher this week following the release of a tame consumer price inflation report on Tuesday, although the upward move hasn’t been very convincing. On Friday,...

It’s a red day on Wall Street, with stocks retreating as investors assess the latest economic data indicating an increase in jobless claims and Walmart, Inc. (NYSE:WMT) delivering a cautious stance on the consumer outlook. Treasury yields fell, as investors flocked to fixed income. The 10-...

U.S. stocks experienced a drop as of midday trading in New York, potentially ending a prolonged streak of consecutive daily gains as investors evaluate the economic outlook. Commodity prices continued to weaken on Wednesday, with crude oil prices declining to as low as $75 per barrel, approaching...

Amid the ongoing debates in U.S. House of Representatives concerning the oversight of stablecoin issuers, Federal Reserve Vice Chairman for Supervision Michael Barr has made his stance clear: federal regulation is necessary. Barr's comments emerge as a critical voice in a debate that sees...

The market mood has turned cautious after the strong gains seen since the start of the week, with traders likely using Apple, Inc.’s (NASDAQ:AAPL) disappointing guidance as a reason to take profits. On the other hand, most other earnings reports have come in better than expected. A further...

Thursday saw the U.S. stock market displaying mixed performance as 10-year Treasury yields approached the 5% threshold, only to recover in response to Federal Reserve Chair Jerome Powell‘s opening remarks prior to his Economic Club of New York address, prompting traders to scale back their...

Risk aversion returned on Thursday as stocks retraced their gains from Wednesday. Traders are now closely monitoring the eagerly anticipated non-farm payrolls data set to be unveiled by the Bureau of Labor Statistics on Friday. By midday trading in New York, not a single S&P 500 sector...

Federal Reserve Vice Chair for Supervision Michael Barr signaled Monday the U.S. central bank is approaching a level of interest rates that could be considered sufficiently restrictive. Barr’s remarks echoed those of Fed Chair Jerome Powell, emphasizing a cautious approach to further rate...

The U.S. House of Representatives is set to deliberate on a new crypto bill after it received the green light from a committee on Wednesday. This move signified a step forward for the digital assets legislative process in Congress. The bill, championed by Republicans in the House...

Federal Reserve official Michael Barr on Friday expressed deep concerns about the issuance of stablecoins without stringent federal oversight. Speaking at a fintech conference, Barr highlighted the potential threats stablecoins could bring to financial stability, U.S. payments, and monetary policy...

Sentiment saw a revival on Friday, but stocks are still on track for a weekly decline. Apple Inc. (NASDAQ:AAPL) rose 1%, putting a halt to the 6% decline observed over the last two sessions due to concerns regarding a potential Chinese ban on iPhones. Meanwhile, the U.S. dollar is on track for its...

Wall Street’s financial giants, including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), Wells Fargo & Co. (NYSE WFC), Morgan Stanley (NYSE:MS) and others are gearing up for impending regulatory shifts...