Reserve-Trust-Company

Kansas City Fed Approves Reserve Trust Master Account After Alleged Intervention

2018-05-15 00:00:00 +0000 UTC | Importance: 8/10

The Federal Reserve Bank of Kansas City reversed its 2017 denial and approved Reserve Trust Company’s master account application in May 2018, approximately nine months after former Fed Governor Sarah Bloom Raskin allegedly contacted Kansas City Fed President Esther George. The approval raised …

Sarah Bloom Raskin Reserve Trust Company Federal Reserve Bank of Kansas City Esther George Pat Toomey +1 more federal-reserve corruption revolving-door sarah-bloom-raskin kansas-city-fed +3 more

Kansas City Fed Denies Reserve Trust Master Account Amid Potential Regulatory Capture

2017-06-15 00:00:00 +0000 UTC | Importance: 8/10

On June 15, 2017, the Federal Reserve Bank of Kansas City initially denied Reserve Trust Company’s application for a master account, one month after former Fed Governor Sarah Bloom Raskin joined the fintech’s board. Subsequent investigations revealed that Raskin allegedly made direct …

Sarah Bloom Raskin Reserve Trust Company Federal Reserve Bank of Kansas City Esther George Pat Toomey +1 more federal-reserve corruption revolving-door sarah-bloom-raskin kansas-city-fed +4 more