The U.S. dollar strengthened, signaling the market's approval of Warsh's credibility and perceived autonomy, but safe-haven ...

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Chicago's Metropolitan Capital Bank marks the first bank failure of 2026, with First Independence Bank assuming deposits and ...

Regulators shut down Metropolitan Capital Bank & Trust in River North on Friday. Detroit-based First Independence Bank acquired all its deposits.

Kevin Warsh would step into the role while the independence of the Fed is under threat and while policy questions linger over what to do with stubborn inflation and an uncertain job market.

The Illinois Department of Financial and Professional Regulation closed the Metropolitan Capital Bank & Trust due to unsafe ...

The choice ends a monthslong search for a successor to Jerome Powell, who has resisted fierce White House pressure to lower ...

President Trump announced Friday his intention to nominate Kevin Warsh to chair the Federal Reserve Board, ending months of speculation about his plans for the bank. Warsh’s experience on the Fed ...

US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2026. The Federal Deposit Insurance ...

Questions remain about the Fed’s independence, the future path of interest rates and whether Kevin Warsh can reform the institution as he has proposed.

The Chicago-based, $261 million-asset Metropolitan Capital Bank & Trust was placed in receivership and its assets sold to ...