Finance

European Union officials are preparing a third round of sanctions against Russia over the attack on Ukraine, including freezing the European assets of Russian President Vladimir Putin and Foreign Minister Sergey Lavrov, according to media reports.

Russia plans to impose sanctions on Western nations as retaliation for the financial penalties and sanctions put on Russia. Moscow has prepared counteractions to hit the "weak" spots of the West.

U.S. financial institutions are largely prepared to handle a new round of Russia-related sanctions in the wake of the invasion of Ukraine, given the steady ratcheting up of pressure against Russia over the past eight years and recent warnings of such measures from the Biden administration, according to experts with knowledge of the U.S. banking sector.

Republican lawmakers are pushing President Biden to take a tougher stance against Russia, urging the White House to impose even stricter financial sanctions on Moscow.

Russia's ultrawealthy oligarchs have lost $32 billion so far this year – and looming sanctions over the deepening conflict in Ukraine are poised to wipe out even more of their fortunes.

The Biden administration on Tuesday released details of new U.S. sanctions imposed against Russia following Vladimir Putin's invasion of Ukraine

FOX Business host Charles Payne weighed in on the Federal Reserve’s new trading rules for senior officials on Friday’s ‘Making Money.’

Senate Banking Committee ranking member Pat Toomey, R-Pa., railed against Democrats for a number of supposed double standards when it comes to behaviors Democrats complain about when engaged in by Republicans, but have no problem with when it comes to their own.

Senate Republicans are accusing Biden Federal Reserve nominee Sarah Bloom Raskin of influence peddling over the approval of a Fed "master account" for a company she worked for after leaving the Obama administration.

Bitcoin is the life raft to store time and value. Bitcoin is the new age version of a no coupon bond issued at a 99% discount with the network effects of a tech company.

The Federal Reserve Bank of Boston announced Wednesday that University of Michigan economist Dr. Susan M. Collins will serve as its next president and CEO

The banks largely worry about shocks to the market that would result from Russia cutting oil and gas exports in reaction to sanctions, which would impact the global market.

Republicans skewered Sarah Bloom Raskin, President Biden’s nominee to become the Fed's top banking regulator, over concerns that her climate regulation views could endanger the Fed's independence.

Sen. Pat Toomey, the ranking member of the Senate Banking Committee, warned Thursday that two Biden nominees for financial regulator jobs could abuse the Fed's power.

Mark Yusko of Morgan Creek Capital Management discusses Federal Reserve policy and how it will affect investors’ portfolios.

Republicans on the Senate Banking, Housing, and Urban Affairs Committee issued a series of tweets Monday accusing Lisa Cook, President Biden's nominee for governor of the Federal Reserve, is a "hyper-partisan."

Treasury officials in more than a dozen states have endorsed all three of President Biden's nominees to the Federal Reserve, touting their "unparalleled expertise" and the "diversity" they would bring to the system.

Lisa Cook, President Biden's latest nominee for governor of the Federal Reserve, said repeatedly in recent years that she supports reparations.

The official Black Lives Matter organization is reportedly floating on approximately $60 million – but has no senior executive to account for the nonprofit's vast fortune, according to two individuals previously offered leadership positions in the group.

The Biden administration is continuing to prepare a "range of severe economic measures" to impose on Russia if it further attempts an invasion into Ukraine, with senior officials saying sanctions being considered would have "massive consequences" for Moscow's economy.