Economic Report Deposits at Small Us Banks Stabilize But Large Banks See Bigger Outflow
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Australia did not sign treaty with World Economic Forum to 'close banks'
Yahoo News - World - Australia -
Loan growth stalls at largest US banks
Bank of America and PNC are latest to report slowdown in lending during first quarterFinancial Times - Business -
NRA Settles D.C. Lawsuit, Agreeing to Overhaul Charity Accused of Mishandling Funds
The gun group settled with the District of Columbia’s attorney general, who said it had misused tax-deductible donations. The N.R.A. denies all wrongdoing in the case.The New York Times - Top stories -
Banks Start Reporting Earnings This Week. Here's What To Expect.
Big lenders raked in record profits in 2023, but are dealing with growing pressures this year.The Wall Street Journal - World -
Bank of England forecasts undermined by out-of-date methods, report finds
Former US Fed boss Ben Bernanke criticises failure to admit mistakes and change course. Do better: Bernanke gets strict with Bank of EnglandThe Bank of England’s recent record of forecasting inflation and the path of interest rates was undermined ...The Guardian - World -
Ex-Fed chair Ben Bernanke finds 'significant shortcomings' in Bank of England's economic forecasting
A review of the Bank of England’s economic forecasting undertaken by the former chair of the U.S. Federal Reserve has found “significant shortcomings” that should be addressed to better inform future interest rate decisionsABC News - World -
Bank of America Earnings Drop, Under Pressure From Higher Rates
The bank reported an 18% drop in first-quarter profit, but still topped expectations with strong performances from its Wall Street and wealth-management operations.The Wall Street Journal - World -
Monaco private bank faces US lawsuit based on anti-mafia laws
The case against CMB centres on a long-running dispute between two Russian businessmen over a property dealFinancial Times - Business -
Bernanke recommends Bank of England ax ‘fan charts’ but not adopt ‘dot plot’
Ben Bernanke is not bringing the dot plot that dominates the Fed’s communications to investors to the U.K.MarketWatch - Business -
West Bank sees biggest settler rampage since war in Gaza began as Israeli teen's body is found
Israeli settlers in the occupied West Bank have gone on the largest rampage against Palestinians there since the war in Gaza beganABC News - World - Israel -
U.S. large-cap stocks post biggest weekly outflow in 16 months, say BofA strategists
U.S. large-cap stocks saw their largest weekly outflow since December 2022 in the past week, according to BofA Global.MarketWatch - Business -
Bank of America tops estimates on better-than-expected interest income, investment banking
Bank of America on Tuesday reported first-quarter earnings that topped analysts' estimates for profit and revenue.CNBC - Business -
Let Americans Bank Again
A 2010 U.S. tax law can make it almost impossible for expats to open accounts.The Wall Street Journal - World -
Bank Earnings in Focus
The season kicks off in earnest, with results due from JPMorgan Chase, Wells Fargo and Citigroup.The Wall Street Journal - World -
Roundup of Bank Earnings
Investors watch bank earnings for news about the individual banks and the financial sector broadly, but also for insights about the state of the economy.The Wall Street Journal - World -
'Serious deficiencies' in Bank's economy forecasts
Under-investment had led to a "complicated and unwieldy system" being used, a review has found.BBC News - Top stories -
The Big Bank Elizabeth Warren Loves
There has never been a taxpayer scam like the federal student-loan forgiveness program.The Wall Street Journal - World -
How to Prepare for AI Banking and Lending
AI will reach our lives in every facet, and you should be ready. Here's what you can do right now.Inc. - Business -
Israel Reports Light Damage After Iran Launches Large Strike
Iran fired more than 300 drones and missiles at Israel overnight. The U.S. military shot dozens of them down, but most were intercepted by Israel’s military.The New York Times - World - Iran -
India Sees Abundant Monsoon Rain in Boost to Economic Growth
Yahoo News - World - India -
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.
The biggest U.S. banks reported stronger-than-expected first-quarter earnings, but results were tempered by rising pressure from interest rates, which squeezed profit margins.The Wall Street Journal - World -
Bank of Thailand Stands Pat Despite Sluggish Economy
Thailand’s central bank kept its policy rate unchanged despite a slow economic recovery and weak inflation.The Wall Street Journal - World -
Banks Strike Back Against Private Credit
Wall Street banks are gaining back ground against nonbank lenders.The Wall Street Journal - World -
The migrant highway that could sway the US election
The Darién Gap has become a key migration route for people heading towards the USFinancial Times - Business -
Top commodities traders dismiss IPO route after bumper profits
Executives at Vitol, Trafigura and Mercuria say banks and export credit agencies have never been so keen to lend to themFinancial Times - Business -
Franklin, Apple TV+ — story of a polymath patriot who secured the future of America
Part biography and part costume drama, Michael Douglas plays Benjamin Franklin with twinkling mischiefFinancial Times - World - Apple -
Vietnamese billionaire sentenced to death for $44bn fraud
Truong My Lan started life as a market trader. Now, she has been convicted of stealing billions.BBC News - Top stories -
Singapore Central Bank Keeps Policy Unchanged
Singapore’s central bank kept its monetary policy unchanged as it cautioned that inflation is set to stay high for at least a few quarters.The Wall Street Journal - World -
Bank of Korea Stands Pat, Keeping Guard Up Against Inflation
South Korea’s central bank held its base rate steady for a 10th consecutive time as widely expected, keeping its guard up against still-stubborn inflation.The Wall Street Journal - World -
Baseball star's interpreter charged with criminal bank fraud
Ippei Mizhuara impersonated MLB star Shohei Ohtani to steal $16m from him, prosecutors say.BBC News - Top stories -
Ben Bernanke’s brutal verdict on the Bank of England
Former Fed chair highlights shortcomings in modelling but does not call for policymakers to publish own rate projectionsFinancial Times - Business -
U.S. Stocks Drop After Bank Earnings
U.S. stocks slid to end another down week as JPMorgan and other big U.S. banks issued tame outlooks for the rest of the year.The Wall Street Journal - World -
Palestinian man killed after Israeli boy vanishes in West Bank
Dozens of Jewish settlers stormed a village during an Israeli search for a missing teenager.BBC News - Top stories - Israel -
Body of Israeli shepherd, 14, found in West Bank
Benjamin Achimeir was reported missing after taking a flock of sheep out to graze on Friday morning.BBC News - Top stories - Israel -
Are octogenarian IMF and World Bank sprightly enough for the job?
Fragile recovery, low growth, global debt, AI, the climate … The organisations founded in 1944 have lots to talk about this week. There is likely to be a sense of relief when the International Monetary Fund and the World Bank hold their ...The Guardian - World -
China's Central Bank Holds Key Policy Rates
The People’s Bank of China kept key policy rates steady and drained liquidity from the banking sector as economic data shows fresh signs of weakness.The Wall Street Journal - World - China -
Ajay Banga tries to build a better World Bank
Change is afoot at the international financial institution as delegates gather for the Spring meetings in WashingtonFinancial Times - World -
Goldman Profit Jumps 28%, Fueled by Investment Banking
The results beat expectations, pushing shares up 3% premarket. Fees earned from underwriting boosted investment-banking revenue.The Wall Street Journal - World -
Bank of America Earnings Drop 18% in First Quarter
The bank reported that it earned $6.7 billion in the first quarter of 2024.The Wall Street Journal - World -
Dow Advances as Markets Stabilize
U.S. stocks edged higher, with the Dow industrials leading gains, as investors cheered earnings from Morgan Stanley and UnitedHealth and digested comments from Fed Chair Jerome Powell.The Wall Street Journal - World