Bank Chaos
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Campus chaos vindicates the American system and the First Amendment
Americans are rightly comparing this to the suppression of speech by authoritarian regimes. But when you look more closely, it also highlights the superiority of the American system over authoritarian systems abroad.The Hill - Politics -
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 -
Biden weighs in on protests, line between free speech and chaos
President Joe Biden responded to growing political pressure as protests continue across college campuses, walking a line between free speech and desire for law and order. “There's the right to protest, but not the right to cause chaos,” he said. ...NBC News - Politics - Joe Biden -
AI deepfakes are causing chaos in elections across the world. The US isn’t ready.
As the parade of 2024 global elections continues, including the massive vote underway in India, the U.S. will likely get further previews of how much damage deepfakes can cause.The Hill - Politics -
UK flower industry thrown into chaos by new Brexit border checks
Firms said food and plant checks and Latin names causing costly delays with lorries waiting hours in first week of post-EU regime. Of all the effects of Brexit, probably the least anticipated was that flower exporters and customs officials would ...The Guardian - World - United Kingdom -
Jeffries: Democrats 'effectively' in majority due to GOP 'chaos, dysfunction'
House Minority Leader Hakeem Jeffries (D-N.Y.) said “chaos” and “dysfunction” in the House GOP has “effectively” given Democrats the majority, lending credence to far-right criticism of Speaker Mike Johnson (R-La.) as the GOP majority slims. ...The Hill - Politics -
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 -
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 - Business -
How divided is the Bank of England’s policy committee?
Market Questions is the FT’s guide to the week aheadFinancial Times - World -
Florida’s abortion ban has brought fear and chaos. This is the right’s vision for the US | Moira Donegan
The scenes in Florida of frantic and overcrowded clinics are a grim preview of the future that ‘pro-lifers’ want for women. A Woman’s Choice, an abortion clinic in Jacksonville, usually sees somewhere between 10 and 15 patients a day. But last ...The Guardian - World - Abortion -
Hope Hicks breaks down chaos of Trump's 2016 campaign during hush money trial
Former President Trump’s ex-political adviser Hope Hicks testified for hours Friday in his hush money trial in Manhattan where she detailed the chaos that enveloped his 2016 campaign. Hicks, once a close confidant of Trump’s including when he ran ...The Hill - Politics - Donald Trump -
‘I couldn’t stop crying’: Co-op Live workers tell BBC of behind-the-scenes chaos
One worker says there were "wires hanging down" inside the venue just a day before it was due to open.BBC News - Top stories -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
Texas Ban on 'Woke' Banks Opens Door for Smaller Firms
The political conflict over socially conscious finance has Wall Street heavyweights pulling back in Texas, the nation’s top issuer of state and local debt, with $42 billion last year.The Wall Street Journal - World - Texas -
Investors Were Burned by European Banks for Years---Until Now
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.The Wall Street Journal - World -
Israeli forces kill five people in raid near West Bank’s Tulkarm
Hamas confirms four of five people killed during raid in village of Deir al-Ghusun were from its armed wing. Middle East crisis – live updatesIsraeli forces killed five Palestinians in an overnight raid in a village near the city of Tulkarm in the ...The Guardian - World - Israel -
Bank Indonesia ‘ready for the worst’ in face of hawkish Fed and currency volatility
Senior monetary official says central bank prepared to do more after intervening to shore up rupiahFinancial Times - World -
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 -
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 -
The CEO Who Hired His Wife, Gave His Dog a Title, and Brought Down a Bank
Vernon Hill, the builder of Commerce Bank and Metro Bank, was also behind toppled Republic First.The Wall Street Journal - World -
Island's only shop saved from closure after bank returns £12k stolen in fraud
Cyber criminals stole thousands from Rathlin's Co-Op Shop, putting its future in doubt.BBC News - Top stories -
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 -
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