vote-leave

Brexit a knockout punch to Fed’s interest rate divergence mantra

By Howard Schneider WASHINGTON (Reuters) – Britain's shock vote to leave the European Union may tie the U.S. Federal Reserve to near zero interest rates for far longer than expected, according to new research indicating the U.S. central bank is now tightly bound to international economic conditions. Over the past 18 months the Fed has blinked more than once, and refrained from…

View post: 
Brexit a knockout punch to Fed’s interest rate divergence mantra

vote-leave

Citigroup resolves ‘technical issue’ that left accounts frozen

(Reuters) – Citigroup Inc said on Friday it resolved a technical issue that had left customers unable to access their accounts remotely. Customers had taken to social media to complain about the outage, which affected several U.S. states, including New York, Pennsylvania and California, according to Bloomberg. “We experienced a brief technical issue that

See the rest here:
Citigroup resolves ‘technical issue’ that left accounts frozen

vote-leave

Top U.S. regulators say financial system functioning in ‘orderly manner’

U.S. financial regulators on Friday said the country's financial system is functioning in an “orderly manner” after Britain voted to leave the European Union and sent markets around the globe reeling. The Financial Stability Oversight Council – which includes the heads of the U.S. Treasury, Securities and Exchange Commission and Federal Reserve – “noted that the U.S. financial system continues to function in an orderly manner, and that the Council will continue to monitor ongoing developments

Read more here: 
Top U.S. regulators say financial system functioning in ‘orderly manner’