Fed chair nominee Kevin Warsh secures Senate committee approval ⊕⊕
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a story from Financial Times ✅ › Financial Times
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Banking
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Banking panel votes in favour of Donald Trump’s candidate to lead US central bank
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UK banks keep £100 limit for contactless card payments despite FCA scrapping it ○
Banking lobby group says lenders are holding off changes as there is no widespread consumer demand for now
Explainer: What will happen when the £100 limit is scrapped?
Shoppers will not be able to spla…
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Banking, payments services disrupted after Amazon UAE data centers hit in drone strikes ⊖
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U.S. and Israeli strikes on Iran have prompted a wave of retaliatory attacks across the Middle East.
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Top Senate Republican says Fed’s Powell has not ‘committed a crime’ ⊕
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a story from Financial Times ✅ › Financial Times
Banking committee chair Tim Scott pushes back against probe into US central bank chief
Senate Banking Democrats demand delay on Warsh nomination until Powell and Cook investigations end ⊖
Sen. Thom Tillis, R-N.C., has separately vowed to hold up the nomination until the DOJ resolves its criminal investigation of Fed Chair Jerome Powell.
13 months ago
Republican senator backs Powell over Trump attacks on Fed ○
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a story from Financial Times ✅ › Financial Times
Banking committee member John Kennedy says US central bank ‘ought to be independent’
Bonuses surge for top traders at EU investment firms after cap is lifted ○
European Banking Authority says variable pay for some staff has risen to more than €1mn
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