WASHINGTON (Reuters) – The U.S. Senate could confirm President Joe Biden’s nominee to be ambassador to Israel, former Treasury Secretary Jack Lew, as soon as next week, Senate aides said on Monday, as Washington responded to a devastating weekend attack on the Jewish state by Hamas gunmen. The Senate Foreign…

Federal Reserve Vice Chair for Supervision Michael Barr said Monday that a complex government plan to boost capital requirements for large U.S. banks would help strengthen the financial system, even as the bank industry fired back that the new rules would discourage growth. Speaking at the American Bankers Association’s annual…

After a four-year hiatus, federal student loan repayments are resuming, placing financial pressure on borrowers due to additional debt accrued during the pause, according to Liz Pagel of TransUnion (NYSE:). The reintroduction of these payments is likely to increase borrowers’ monthly obligations. TransUnion, with a market capitalization of 13.33 billion…

By Joice Alves and Alun John LONDON (Reuters) – Euro zone borrowing costs hit multi-year highs on Wednesday before steadying, part of a pause in the global selloff, with local bonds also helped by European Central Bank policymakers’ suggestions that the interest rate hiking cycle is complete. The German 10-year…

In a series of events unfolding over the past week, the Federal Reserve has been under scrutiny following revelations of active trading by Dallas and Boston Fed banks’ presidents during monetary policy-setting. The Wall Street Journal initially exposed this activity, which, although approved by Fed ethics officials, led to significant…

The Reserve Bank of India’s (RBI) committee, led by R Narayanaswamy, an ex-professor from IIM Bangalore and comprising domain experts, is working to recommend changes to the Expected Credit Loss (ECL) framework. The goal is to transition from the current loss-based model to a system that recognizes stresses early. This…

Morgan Stanley has downgraded Egypt’s sovereign credit rating, citing a series of fiscal constraints and looming risks. The downgrade comes amid concerns over the country’s swelling financing needs, which stand at $24 billion this fiscal year, and a disappointing performance in terms of foreign direct investments and asset sales. The…

Nordea Bank Abp (OTC:) predicts a recovery in the Finnish housing market, particularly in the greater Helsinki region, starting from the second quarter of next year, Wednesday. His forecast is based on the anticipation of Euribor rates peaking and subsequent interest rate cuts by the European Central Bank. A slowdown…

The US housing market is preparing for a potential surge in mortgage rates to 8%, a level not seen in the past 20 years, according to Cris deRitis of Moody’s (NYSE:) Analytics. This increase is likely influenced by anticipated rate hikes from the Federal Reserve and the current 4.8% yield…

The Federal Reserve’s potential for further interest-rate hikes has come under scrutiny as Washington grapples with political chaos. Despite the Fed maintaining its key short-term U.S. interest rate, it has hinted at a possible increase later this year should inflation slow down. Wall Street investors and many economists remain doubtful…