Economy

Federal Reserve Opens Comment Period for American Exchange Co. BHC Application

1 min read7 hours ago

The Federal Reserve seeks comments by Sept. 8, 2026 on American Exchange Company's request to become a bank holding company through acquisition of American Exchange Bank.

Economy

Federal Reserve Issues Change-in-Control Notice for Dunlap Trust Acquisition

1 min read8 hours ago

Comments on the Dunlap Trust's proposed purchase of County Bank Shares must be filed by Aug. 12, 2026.

Economy

Federal Reserve opens comment period on Citizens Bancshares acquisition

1 min read8 hours ago

Comments on the proposed 47.03% acquisition of Citizens Bancshares must be filed by Aug. 27, 2026.

Economy

Federal Reserve posts change-in-control notice for Anderson family share purchase

1 min read8 hours ago

The Anderson Family Group's proposed acquisition of voting shares in F&M Bancshares, Inc. is open for public comment through August 14, 2026.

Economy

Federal Reserve opens comment period on Bank7 Corp acquisition of Century Financial

1 min read8 hours ago

Bank7 Corp's proposed acquisition of Century Financial Services and indirect purchase of Century Bank is open for comment through September 2, 2026

Economy

Federal Reserve Opens Comment Period on Hoosier Heartland Holding Company Acquisition

1 min read8 hours ago

Public comments on the Trust's proposed 25.93% stake in Heartland State Bancorp are due by Sept. 10, 2026.

Economy

Federal Reserve opens comment period on 7 Gen Holdings bank holding company application

1 min read9 hours ago

Comments on 7 Gen Holdings' request to become a bank holding company by acquiring Legacy Bank must be filed by Sept. 14, 2026.

Economy

Silver Queen Financial Services seeks Fed approval to become a bank holding company

1 min read9 hours ago

Application filed Aug. 14, 2026; comments due Sept. 16, 2026

Economy

Federal Reserve opens comment period for Docking Family's Docking Bancshares acquisition

1 min read9 hours ago

The Docking Family Control Group seeks approval to acquire voting shares of Docking Bancshares Inc.; comments must be filed by Aug. 31, 2026.

Economy

Federal Reserve Issues Change-in-Control Notice for First San Benito Bancshares Acquisition

1 min read9 hours ago

Public comments are accepted through Sept. 1, 2026 on a group's request to retain voting shares of First San Benito Bancshares and First Community Bank.

Economy

Fed Board Opens Comment Period on Isabella Bank Merger Application

1 min read9 hours ago

Comments on Isabella Bank Corp.'s proposed merger with Grand River Commerce must be filed by Sept. 3, 2026.

Economy

Federal Reserve opens comment period on Holloway Family bank share acquisition

1 min read9 hours ago

The Holloway Family Control Group's proposed acquisition of voting shares in Santa Fe Trail Banc Shares, Inc. and Centera Bank is open for public comment through Aug. 28, 2026.

Economy

Federal Reserve publishes notice of share acquisition of Odin State Bank

1 min read10 hours ago

The Judy Harder and J. Fischer trusts seek to acquire voting shares of Odin Bancshares and Odin State Bank; comments are due by Aug. 20, 2026.

Economy

SEC Issues Notice on Parvin Fund's Request for Investment Company Exemptions

1 min read10 hours ago

Parvin Decentralized Fund and Parvin Fund Management seek exemptions to issue multiple share classes and impose early-withdrawal and asset-based fees; hearing requests must be filed by Sept. 7, 2026.

Economy

MIAX Pearl Announces Immediate Fee Schedule Changes for Non-Penny Options

1 min read10 hours ago

Market makers and professional-origin participants on MIAX Pearl face reduced rebates and higher taker fees effective upon filing on July 31 2026

Economy

MIAX Sapphire Implements Immediate Fee Schedule Changes to Routing Table

1 min read10 hours ago

Members of MIAX Sapphire must follow the revised routing fees, effective July 31 2026.

Economy

SEC Issues Notice on Elevation Series Trust Subadvisor Exemption Request

1 min read10 hours ago

The notice binds Elevation Series Trust and Norris Perné and French LLP, whose exemption request will be granted unless a hearing is filed by Sept. 7, 2026.

Economy

SEC seeks comments on extended Form N-2 information collection

1 min read10 hours ago

Closed-end funds and business development companies filing Form N-2 must comment by Oct. 16, 2026 on the SEC's proposed extension of the collection.

Economy

SEC Issues Notice of Exemption Application by Stone Point Credit Income Fund

1 min read11 hours ago

The filing seeks to let Stone Point Credit Income Fund and similar BDC-registered closed-end funds issue multiple share classes with varied fees, pending hearing requests by Sept. 7, 2026.

Economy

SEC Issues Notice on Multi-Class ETF Fund Exemption Application

1 min read11 hours ago

Northern Lights Fund Trust and Ocean Park Asset Management seek SEC exemption to launch multi-class ETF funds; order will be issued unless a hearing is requested by 5:30 p.m. ET on September 8 2026.

Elsewhere

What other outlets are reporting on this beat. We link out; we do not republish.

Bessent's efforts in the Treasury market so far haven't worked. Here's what else he can try
Treasury Secretary Scott Bessent speaks to members of the media outside the White House in Washington, Aug. 20, 2026.Yuri Gripas | Abaca | Bloomberg | Getty ImagesTreasury Secretary Scott Bessent insisted Thursday that he has multiple weapons at his disposal to quell liquidity problems in the government debt market and restore calm. While that's true in itself, a two-pronged effort he has deployed so far — accelerated buybacks and an effort to talk the market into accepting the rationale — have met with little success.The Treasury announcement Wednesday that it would at least double its bond buybacks starting in early September sent yields tumbling as investors applauded a backstop for longer-maturity government bonds.However, yields at the long end quickly rose again Thursday as market experts showed skepticism at whether the push would succeed against a bevy of factors working against Treasurys.Then on Thursday, Bessent appeared on CNBC with assurances that the intervention was merely aimed at providing market liquidity and not at trying to control the yield curve. While yields initially nudged lower, they quickly rebounded amid criticism of how the prior day's announcement was rolled out, leading one analyst to characterize the appearance as having "minimal impact" on the market pressures.Still, that leaves Bessent with a variety of options that he may yet choose to deploy."We have a big toolkit," the Treasury chief said. "Part of it is signaling here and to show that we believe that the yields don't reflect the underlying fundamentals."Yet markets are still worried, and criticism rose that the size of the buybacks, which Bessent confirmed could exceed $4 billion, would be rendered ineffective in such a large market.Evercore ISI analyst Krishna Guha called the plan "a weak form of Operation Twist," or a Federal Reserve initiative that swaps longer-term notes and bonds for short-term bills. The move "in itself will have little enduring impact and could backfire if
CNBC 9 hours ago
Federal Reserve Board announces approval of application by National Westminster Bank Plc
August 20, 2026 Federal Reserve Board announces approval of application by National Westminster Bank Plc For release at 4:00 p.m. EDT The Federal Reserve Board on Thursday announced its approval of the application by National Westminster Bank Plc, of London, England, to establish a representative office in Stamford, Connecticut. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: August 20, 2026
Federal Reserve press releases 9 hours ago
Federal Reserve Board announces approval of application by National Westminster Bank Plc
August 20, 2026 Federal Reserve Board announces approval of application by National Westminster Bank Plc For release at 4:00 p.m. EDT The Federal Reserve Board on Thursday announced its approval of the application by National Westminster Bank Plc, of London, England, to establish a representative office in Stamford, Connecticut. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: August 20, 2026
Federal Reserve press releases 9 hours ago
Scott Bessent on the national debt: ‘There’s nothing magic about the $40 trillion number’
The U.S. national debt crossed $40 trillion for the first time this week, but Treasury Secretary Scott Bessent wants Americans—and markets—to shrug it off. “There’s nothing magic about the $40 trillion number,” Bessent told CNBC‘s Sara Eisen in an exclusive interview on Squawk on the Street Thursday. “And we can grow our way out of that.” The remark, delivered with the same even cadence he’s used to talk down bond-market jitters all year, was Bessent’s clearest attempt yet to reframe a debt milestone that has alarmed economists and fueled a selloff in long-dated Treasurys. The gross national debt crossed the $40 trillion mark, according to Treasury Department data, just five months after hitting $39 trillion in March. Bessent’s comments came a day after the Treasury said it would at least double the size of its buyback operations for longer-dated securities—from a maximum of $2 billion per operation to “at least” $4 billion—in a bid to shore up liquidity in a bond market he described as thinly traded and, in his view, mispriced. The change takes effect Sept. 9 and applies through Nov. 4, covering the 10-to-20-year and 20-to-30-year sectors that have faced what CNBC has called a “buyers’ strike” since late June. “We believe that there are many underlying factors in turn that the market is not looking at, and we are going to make a market… in these,” Bessent said. “I would note that it could be more than the $4 billion per issue.” The fundamentals argument Bessent’s core pitch is the deficit is smaller than it looks, and the money the government is “losing” isn’t being lost at all. He said the U.S. ran a fiscal consolidation in calendar year 2025, with the deficit landing around 5.7% of GDP. Part of what has inflated the headline deficit, he argued, are one-time tariff refunds that won’t recur: 2026 tariff income, he said, should roughly match 2025 levels as U.S. Trade Representative Jamieson Greer reimplements duties through the Section 301 process. The other major d
Fortune 11 hours ago
Bessent says there's a 'very good chance' U.S. budget deficit under Trump has peaked
Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026.CNBCTreasury Secretary Scott Bessent said Thursday there's a "very good chance" that the U.S. budget deficit under President Donald Trump has likely peaked."We are going to be laser focused," Bessent told CNBC's Sara Eisen in an exclusive interview a day after his department's extraordinary debt buyback announcement.The monthly U.S. budget deficit topped $432 billion in July, its highest level in more than half of a decade, the Treasury Department said last week. That monthly report showed the gap for the fiscal year to date climbed to almost $1.8 trillion, above where it was at the same point a year earlier.The Treasury Department announced this week that the U.S. government debt pile to fund those deficits hit a new record above $40 trillion. The total has more than doubled over the last decade, exacerbating concerns about the country's financial health.Bessent said himself, Trump and Russell Vought, director of the Office of Management and Budget, are among federal government leaders working on fiscal consolidation measures. Several hundreds of billions of dollars could be saved through these efforts, Bessent said.The White House has marketed its goals for broad and steep tariffs on trading partners as a driver of revenue that can help shrink the national debt. But those levies have run into repeated legal roadblocks, most notably with the Supreme Court's decision to strike many of them down.Yet Bessent said he expected this year's tariff revenue to come in at around the same level as 2025's after levies were re-implemented despite the challenges. Those revenues should not have to be refunded to companies this time, he said."There's nothing magic about the 40-trillion number," Bessent said. "We can grow our way out of that."
CNBC 13 hours ago
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
August 20, 2026 Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: SouthPoint Bancshares, Inc., Birmingham, Alabama Written Agreement dated August 14, 2026 The Federal Reserve Board also announced the termination of the enforcement action listed below: Deutsche Bank AG, Frankfurt am Main, Germany, DB USA Corporation, New York, New York, and Deutsche Bank AG New York Branch, New York, New York Cease and Desist Order dated April 20, 2017 (PDF) Terminated August 13, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: August 20, 2026
Federal Reserve press releases 14 hours ago
Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank
August 20, 2026 Federal Reserve Board issues enforcement actions with former employee of Regions Bank and former employee of United Community Bank For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the enforcement actions listed below: Consent prohibition against Stephanie R. Kilbert Former employee of Regions Bank, Birmingham, Alabama Misappropriation of customer funds Consent prohibition against Crystal A. Wykle Former employee of United Community Bank, Greenville, South Carolina Misappropriation of customer funds Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: August 20, 2026
Federal Reserve press releases 14 hours ago
Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch
August 20, 2026 Federal Reserve Board issues enforcement action with SouthPoint Bancshares, Inc. and announces termination of enforcement action with Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch For release at 11:00 a.m. EDT The Federal Reserve Board on Thursday announced the execution of the following enforcement action listed below: SouthPoint Bancshares, Inc., Birmingham, Alabama Written Agreement dated August 14, 2026 The Federal Reserve Board also announced the termination of the enforcement action listed below: Deutsche Bank AG, Frankfurt am Main, Germany, DB USA Corporation, New York, New York, and Deutsche Bank AG New York Branch, New York, New York Cease and Desist Order dated April 20, 2017 (PDF) Terminated August 13, 2026 Additional enforcement actions can be searched for here. For media inquiries, please email [email protected] or call 202-452-2955. Last Update: August 20, 2026
Federal Reserve press releases 14 hours ago

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