Lenders Flying Blind on Private Equity Risk Bank of England Warns
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Private equity firms step up plans to edge banks out of low-risk lending
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and BlackstoneFinancial Times - Business -
A Justice Department probe into TD Bank's internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.
A Justice Department probe into TD Bank’s internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.The Wall Street Journal - World -
Using home equity to pay off your mortgage? Here are the pros and cons
Are you thinking about paying your mortgage off with your home equity? Here are pros and cons to consider first.CBS News - Top stories -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Bank holiday weather: Will it be warm or wet?
It's been warming up this week but could rain spoil your plans for the long weekend?BBC News - Top stories -
'Shocking' - Women travelling from Wales to England for abortions
A woman who had to travel from Wales to England for an abortion says the experience was traumatic.BBC News - Top stories - Abortion -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
AI aids England selection as squad for Pakistan series unveiled
England women name their squads for the two white-ball series against Pakistan, which begin later this month.BBC News - Top stories - Artificial Intelligence -
Pushing the boundaries: England Women using AI to help with team selection
Head coach Jon Lewis credits AI with helping draw Ashes‘It will help with borderline decisions in terms of selection’The England Women’s head coach, Jon Lewis, has revealed how he is using AI as a selection tool and credits the technology with ...The Guardian - World -
Labour hails big wins in England as Sunak holds on to Tees Valley victory
Victory in Tees Valley marked a bright spot in a grim night for the Tories, with Labour picking up councils and mayors.BBC News - Top stories -
C.J. Sansom, Mystery Novelist Drawn to Tudor England, Dies at 71
He wrote a popular series of books revolving around a hunchbacked detective, Shardlake, whose troubles echo the author’s experiences of childhood bullying.The New York Times - Top stories -
Tommy Dorfman wed 'private' person Elise Williams in a secret Santa Monica ceremony
Tommy Dorfman and wife are ready to begin 'celebrating [their] love with the world' after revealing their spur-of-the-moment 2023 elopement.Los Angeles Times - Entertainment -
Yellen Calls Threats to Democracy Risks to U.S. Economic Growth
In a rare comment on politics--and an indirect swipe at former President Donald Trump--the Treasury Secretary says "democracy is critical to building and sustaining a strong economy."Inc. - Business -
Risk of famine still present in Gaza, says World Health Organization
Yahoo News - World -
Gas Stove Pollution Risk Is Greatest in Smaller Homes, Study Finds
Gas-burning ranges, a significant contributor to indoor pollution, can produce and spread particularly high levels of some pollutants in smaller spaces.The New York Times - World -
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities tradingFinancial Times - Business -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
‘I decided to not let anybody silence my voice’: the journalists in exile but still at risk
Threats from the state have led many journalists across the world to flee their home countries to report from elsewhere. But for many the intimidation did not stop when they left. Illustrations by Joe McKendry. Fardad Farahzad, journalist, Iran ...The Guardian - World -
The Latest | Israel's planned invasion of Rafah risks killing hundreds of thousands, UN says
The United Nations humanitarian aid agency says hundreds of thousands of people would be “at imminent risk of death” if Israel carries out a military assault in the southern Gaza city of RafahABC News - World - Israel -
Oil prices log worst week since February as concerns over Middle East supply risks fade
Oil futures finished lower Friday — with easing concerns over potential supply disruptions in the Middle East, strong U.S. production and signs of slowing demand prompting prices to register their largest weekly percentage loss since early February.MarketWatch - Business -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
Inside US airport terminals, banks are merging elite travel clubs with branch offices
Airport terminal bank branches with airline club amenities are growing as financial brands seek to catch the attention of travelers and remote workers.CNBC - Business -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
Kenya orders flood evacuations as it warns dams could spill
Residents near 178 bodies of water have been told to leave as flooding is set to worsen.BBC News - Top stories -
Young Democrats warn Biden he must quickly change course
Young Democratic voters are sounding the alarm and warning President Biden that his reelection bid could be in jeopardy if he doesn't change course on the issues that matter most to them, including the war in Gaza. While they have soured on Biden ...The Hill - Politics - Joe Biden -
Top Senate Republican warns of tough negotiations ahead on bipartisan FAA deal
Politico - Politics -
Inside the Christian TV show rallying Trump superfans with apocalyptic warnings
“FlashPoint” has gained influence on the Christian right by portraying Donald Trump as a singular leader anointed by God to save America.NBC News - Top stories - Donald Trump