Nations in the West are pushing for the "financial nuclear option" of banning Russia from SWIFT over the invasion of Ukraine. According to Lithuania’s prime minister, Western partners are inching closer to ejecting Russia from the SWIFT global interbank payments system. “Our goal is that the decision is taken as…

Senate Republicans have boycotted a vote on Democrat President Joe Biden’s nominees to fill vacant seats on the Federal Reserve Board. The GOP's opposition is coalescing around Sarah Bloom Raskin, the White House’s pick for the Fed’s vice chair for bank supervision. Bloom Raskin is also the wife of former…