Finance

The Biden administration and its allies announced a fresh round of Russian sanctions on Saturday that will not only target the banking system, but the physical assets of sanctioned oligarchs — including their yachts and mansions.

Russia and China have maintained a close working relationship for years, but that relationship appears to be in question after Russia made the decision to invade Ukraine and take on serious economic sanctions.

The US, Canada, and other European countries released a joint statement that there will be additional sanctions placed on Russia. Some 'selected' banks will be removed from the SWIFT financial system.

European finance leaders weigh economic fallout of Russian invasion of Ukraine.

Two Chinese state-owned banks will restrict financing for Russian commodity purchases, suggesting limits to Beijing's support as the Kremlin confronts economic sanctions over its attack of Ukraine.

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.