Latest in Meta expands data accord with UK banks in push to cut online fraud
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Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.CBS News - 1d -
CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
Zelle, a peer-to-peer payments network run by bank-owned fintech firm Early Warning Services, allows for instant payments to other consumers and businesses.CNBC - 1d -
Biden Administration Sues 3 Big Banks Over Zelle Fraud
Action against Bank of America, JPMorgan Chase and Wells Fargo may not survive President-elect Donald J. Trump’s return to office.The New York Times - 1d -
AI Power Needs Will Push Renewable Energy Demand, Even Under Trump, Says Bank CEO
Kevin Cronin, CEO of Mitsubishi UFJ Financial Group’s U.S. arm, says big tech’s needs will sustain clean energy efforts even under an administration with a pro-fossil fuel bent.Inc. - 1d -
Feds sue Zelle, alleging nation's biggest banks failed to stop fraud
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.CBS News - 1d -
CFPB sues America's largest banks for 'allowing fraud to fester' on Zelle
The Consumer Financial Protection Bureau is suing America's three largest banks, accusing the institutions of failing to protect customers from fraud on Zelle, the payment platform they co-own.NBC News - 1d -
Online privacy and data integrity — a crisis of trust
This is a precarious situation in the age of AI — where disinformation becomes undistinguishable from genuine information.The Hill - 1d -
Watchdog accuses Zelle, banking giants of failing to protect users against fraud
The government’s consumer watchdog alleged Zelle and three banking giants failed to protect users from fraud on the peer-to-peer payment network. The Consumer Financial Protection Bureau (CFPB) ...The Hill - 1d -
Bank of England holds interest rate at 4.75% but warns of UK stagnation risk
Central bank downgrades growth forecast amid threat from budget fallout, rising inflation and Trump trade tariffs. • Business live – latest updates . The Bank of England has kept UK interest ...The Guardian - 2d -
Stocks slide as US central bank signals slower pace of rate cuts
The Federal Reserve warned it would be cautious about more interest cuts in the face of inflation concerns.BBC News - 3d -
Why money’s flowed into Bank of America bonds — and how a Fed pause in rate cuts may help financial firms
The Federal Reserve’s expected interest-rate cut Wednesday is seen as a potential boost for the banking sector, as corporate bond investors weigh prospects for the U.S.‘s money-center banks.MarketWatch - 3d -
Here's what we now know about the European Central Bank's rate cut plans
Policymakers in Frankfurt indicated a clear dovish shift, but exactly where they will stop rate cuts remains a topic of debate.CNBC - 5d -
Economic Data Points to Fed Rate Cut Next Week, and a Cautious 2025
Persistent inflation probably won’t stop a December rate cut, but it could affect the course of monetary policy for the next two years.Inc. - Dec. 13 -
Labour’s push for growth hit by latest fall in UK output
Weaker business and consumer confidence contribute to lacklustre economyFinancial Times - Dec. 13 -
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Fewer US grandparents are taking care of grandchildren, according to new data
Fewer grandparents were taking care of grandchildren, there was a decline in the number of preschoolers and more people were staying put in their homes in the first part of the 2020s compared with ...ABC News - Dec. 12 -
HSBC reviews retail banking outside UK and Hong Kong
Bank could scale back in countries including Mexico as it seeks further cost cutsFinancial Times - Dec. 12 -
European Central Bank cuts rates for fourth time this year
ECB lowers borrowing cost as inflation falls and economy remains weak. The European Central Bank cut interest rates for the fourth time this year and kept the door open to further easing in 2025 as ...The Guardian - Dec. 12 -
Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim.CNBC - Dec. 12 -
Welcome to ‘Super Thursday.’ One central bank in Europe has surprised with a 50-basis point cut.
The Swiss National Bank cut interest rates by a bigger-than-expected amount. Onto the ECB decision for later.MarketWatch - Dec. 12 -
Asian stocks rise after US inflation data clears way for rate cut
Currencies strengthen against dollar as investors position for loosening by Federal ReserveFinancial Times - Dec. 12 -
Alphabet and Tesla reach fresh records, joining Amazon and Meta and pushing Nasdaq past 20,000
Tesla topped its 2021 peak on Wednesday and Alphabet hit a record for the first time since July, as four of tech's seven megacaps closed at all-time highs.CNBC - Dec. 11 -
More than 10,000 UK civil service jobs to be cut
Voluntary redundancies expected across Whitehall as departments respond to chancellor’s spending reviewFinancial Times - Dec. 11 -
Trump's White House return is already pushing Europe and the UK closer together
U.K. Chancellor Rachel Reeves travelled to Brussels on Monday to convene with her EU counterparts in the first such encounter since Britain left the European Union.CNBC - Dec. 11 -
Traders are pretty sure of a Fed rate cut. What happens if inflation data is too hot?
Traders are pretty confident the Fed will deliver a rate cut next week. What happens if inflation data throws the market a curveball.MarketWatch - Dec. 11 -
European Central Bank heads for last rate cut of year — but jumbo move seems off the table
The euro zone central bank will need to do "heavy lifting" next year to support the waning economy, analysts say.CNBC - Dec. 11 -
UK boards’ push to increase diversity has slowed, says headhunter
Spencer Stuart warns companies against ‘one and done’ mentality after meeting minimum targetsFinancial Times - Dec. 9 -
UK regulators urged to make City firms report data on ‘class ceiling’
Letter from campaigners calls for mandatory reporting of socio-economic backgroundsFinancial Times - Dec. 8 -
UK should pay whistleblowers to cut financial crime, says think-tank
Royal United Services Institute says scheme would reduce those who take information to US agenciesFinancial Times - Dec. 8 -
Treasury yields end at lowest levels since October as jobs data reinforce December rate-cut expectations
Treasury yields finished broadly lower on Friday, led by a drop in the 1-month Treasury-bill rate, after November’s stronger-than-expected jobs data reinforced the view of many market participants ...MarketWatch - Dec. 6 -
Investors up bets on Federal Reserve interest rate cut after US jobs data – as it happened
Live, rolling coverage of business, economics and financial markets as American private sector adds 227,000 jobs in November. The sale of the Observer, the world’s oldest Sunday newspaper, to ...The Guardian - Dec. 6 -
Nvidia Partner Ooredoo Eyes Data Center Acquisitions Amid AI Push, CEO Says
Qatari telecom group Ooredoo is on a hunt to acquire data centers because it can’t build them fast enough to house Nvidia’s latest-generation of artificial-intelligence chips, its chief executive ...The Wall Street Journal - Dec. 6 -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - Dec. 6 -
Meta to build $10 billion AI data center in Louisiana as Elon Musk expands his Tennessee AI facility
Facebook’s parent company Meta says it will build a $10 billion artificial intelligence data center in northeast LouisianaABC News - Dec. 4 -
Airbus cuts nearly 500 UK jobs to reduce costs
It has made the cuts mostly to its space division and says there are no "compulsory" losses planned.BBC News - Dec. 4 -
With Assad Challenged, a Push to Cut Syria’s Ties to Iran Grows More Unlikely
Even as Israel bombarded Syria, officials say the U.S. and Gulf countries were working to weaken its president’s alliance with Tehran. Rebels’ shock advance has dampened those hopes.The New York Times - Dec. 4 -
Central banks should tread cautiously with rate cuts, says OECD
Core price pressures and services inflation should make rate-setters wary of cutting too fast, report concludesFinancial Times - Dec. 4 -
Top Fed Official Leans Toward Rate Cut This Month, If Data Supports It
In a recent speech, Christopher Waller, a member of the Fed Board of Governors, said a rate cut hinged on inflation continuing to drop.Inc. - Dec. 3 -
Funding issues and ‘over-optimism’ behind UK failures on jobs data
Statistics agency review reveals flaws that left policymakers without a reliable unemployment figure for a yearFinancial Times - Dec. 3 -
Japan’s Nomura bank boss takes 30% voluntary pay cut after worker tries to kill customer
Wealth management employee charged with robbery, attempted murder and arson after home visit to elderly clients. Business live – latest updates The boss of the Japanese bank Nomura has ...The Guardian - Dec. 3
