Bank of England to relax rules for banks and insurers

Asia's central banks face a formidable challenge: An ascendant U.S. dollar

A surge in the dollar has sent Asian currencies reeling, stoking worries over imported inflation and prompting some central banks to intervene in the currency market.

CNBC - 8h

Israeli Strike in West Bank Kills 3, Including Children

Violence has escalated in the occupied territory over the last year and a half, as Israel conducts raids targeting armed fighters with Hamas and Palestinian Islamic Jihad.

The New York Times - 13h

Banks Are Racking Up Wins Even Before Trump Is Back in White House

Lobbying by banks helped torpedo a major proposal, and a top regulator announced this week that he would step down from a leadership role.

The New York Times - 3h

Wait, how many banks were run in 2023?

More than you’d think!

Financial Times - 15h

Export-Import Bank launches initiative to counter China's mineral dominance

The federal government is launching an initiative to support foreign minerals projects that exclude China as part of an effort to bolster U.S. supply chains. The Export-Import Bank (EXIM), a ...

The Hill - 17h

Report: Israeli attack kills three in West Bank, including children

Yahoo News - 23h

Pentagon blacklisting of China’s EV battery maker puts US banks in bind

Involvement in Hong Kong secondary listing of CATL raises reputational risks for Wall Street groups

Financial Times - 1d

Bangladesh requests UK minister’s bank account details in corruption probe

UK City minister Tulip Siddiq under scrutiny for links to ousted regime of her aunt Sheikh Hasina

Financial Times - 1d

At least three Palestinian militants killed in West Bank by Israel

Yahoo News - 1d

Bank of America’s stock could go up 20% in 2025, says this analyst

UBS’s Erika Najarian upgrades Bank of America to buy from neutral

MarketWatch - 1d

Israeli airstrike targets armed group in West Bank

Yahoo News - 2d

Samsung Electronics banking on AI to outpace global growth in smartphones, home appliances

Samsung Electronics plans to ramp up on-device AI, as it bets on the consumer electronics unit to exceed overall global market growth this year.

CNBC - 2d

Michael Barr to step down as the Fed's head of banking supervision to avoid clash with Trump

There had been speculation that Trump might replace Barr after he takes office Jan. 20.

CNBC - 2d

Why bank stocks care that Michael Barr is stepping down as top Fed banking cop

As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.

MarketWatch - 2d

Exodus by Wall Street Banks From Climate Group Worries Advocates

The end of the year saw five of the six largest U.S. banks leave the Net-Zero Banking Alliance, as conservative pressures discouraged their climate change policies.

Inc. - 2d

West Bank Settlers Hope Trump Will Back Annexation Dreams

Settler leaders say they are confident that a Palestinian state is off the table, but their expectations are tempered by their experience of Donald Trump’s first term.

The New York Times - 2d

Fed’s top bank cop to step down, averting potential clash with Trump

Politico - 2d

Citigroup’s stock is a banking-sector bargain as ‘inflection point’ looms, analyst suggests

Barclays analyst Jason Goldberg upgrades Citigroup to overweight from equal weight on bullish 2025 prospects.

MarketWatch - 3d

Three Israelis killed in West Bank shooting, army pursuing suspects

JERUSALEM — Three Israelis were killed on Monday and several injured in a shooting attack on a car and bus near the town of Kedumim in the Israeli-occupied West Bank, Israel’s national ambulance ...

NBC News - 3d

Israeli officials say 3 killed in attack on vehicles in occupied West Bank

Far-right Israeli official calls for destruction of Palestinian town in occupied West Bank after 3 killed, 7 wounded in shooting attack.

CBS News - 3d

Bank alleges Bill Cosby ‘failed to repay’ loans; he could face foreclosure on two NYC homes

Cosby and his wife are reportedly facing foreclosure on two townhouses, after allegedly failing to keep up with repayments on multimillion-dollar loans.

MarketWatch - 3d

Three killed in Palestinian shooting attack on bus in West Bank

Two women and a man are killed after gunmen open fire in al-Funduq, Israel's military and paramedics say.

BBC News - 3d

Shooting attack on a bus carrying Israelis in the occupied West Bank kills 3

A shooting attack on a bus carrying Israelis in the occupied West Bank has killed at least three people

ABC News - 3d

Putin orders Russia's top bank to team up with China in AI push to challenge Western tech dominance

Yahoo News - 3d

‘This is basically a civil war’: West Bank in fear as Palestinian Authority battles militant groups

PA seeking to prove it will be able to handle governing the Gaza Strip when the war there ends. Amid the echo of gunfire and explosions, 23-year-old Mariam picked her way through puddles on the ...

The Guardian - 3d

Investment banks prepare for crunch year in 2025

Boutiques counting on M&A rebound to support elevated valuations and star hires

Financial Times - 3d

Sen. Banks: ‘I don’t think Mike Johnson would have been speaker’ without Trump

Sen. Jim Banks (R-Ind.) said on Sunday he doesn’t think Speaker Mike Johnson (R-La.) would have been reelected to his leadership post without the backing of President-elect Trump. “Donald Trump ...

The Hill - 3d

US relaxes green hydrogen rules in race to boost sector

Biden administration’s Treasury delays stricter requirements for claiming tax credits ahead of Trump’s return

Financial Times - 5d

FirstFT: China’s central bank prepares for historic monetary policy shift

Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of Meta

Financial Times - 6d

Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account

After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and a rebooked flight. All they got were nonsensical responses from customer service.

The New York Times - 6d

China’s central bank plans policy overhaul as pressure mounts on economy

People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for credit

Financial Times - 6d

Why you should open a CD with an online bank this January

Most banks and credit unions offer CDs, but opening one with an online bank could make a lot of sense right now.

CBS News - 6d

Palestinian Authority Bans Al Jazeera in West Bank

The ban comes as the PA battles militants from Hamas and its allies for control over parts of the West Bank, a fight that could shape the struggle for leadership of the Palestinian cause.

The Wall Street Journal - 6d