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Terrorism financing schemes using cryptocurrencies are growing in sophistication, according to researcher Chainalysis Inc., which helps law enforcement track digital-coin transactions.

Specialty lending companies managed by Apollo Global Management Inc. and Ares Management LP have been handed a setback in their efforts to win softer rules.

The Federal Reserve is shifting its focus from writing and revising rules aimed at limiting risk in the banking system to a concentration on how lenders interpret the restrictions, the agency’s supervision chief said Friday.

President Donald Trump plans to nominate Judy Shelton and Christopher Waller to join the Federal Reserve, the White House said.

The U.S. Treasury Department’s decision to issue 20-year bonds is a setback for the Federal Reserve’s preferred candidate to supplant Libor as a benchmark for dollar rates.