Latest in Bank Cuts Interest
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ECB Cuts Interest Rates as the Economy Weakens
The bank has been lowering rates since June as inflation slowed, but other risks are growing, including the threat of higher tariffs promised by President-elect Donald J. Trump.The New York Times - 2h -
CFPB announces rule limiting bank overdraft fees
The CFPB says the rule will save American consumers $5 billion annually.CNBC - 4h -
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 - 7h -
Vestas to Cut Jobs at U.K. Factory
Vestas Wind Systems could cut hundreds of jobs at its Isle of Wight factory as it plans to repurpose the site to manufacture onshore turbine blades.The Wall Street Journal - 1d -
ECB lowers rates to 3% and paves way for more cuts
Growth forecasts pared back as bank’s president Christine Lagarde says some decision makers wanted larger reductionFinancial Times - 3h -
ECB cuts rates a quarter point amid concerns of tepid growth, impact of Trump trade policies
The European Central Bank is cutting interest rates by a quarter percentage point amid signs of weakening growth and concern about the impact of political chaos in France and the possibility of new ...ABC News - 3h -
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.NBC News - 4h -
Muted wholesale inflation rate likely gives final go-ahead for Fed to cut interest rates
A key measure of U.S. wholesale inflation posted a small increase in November and probably added the final nail in the coffin in favor of a widely expected reduction in interest rates next week.MarketWatch - 5h -
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 - 6h -
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 - 10h -
Ontario premier says US energy exports will be cut off if Trump imposes sweeping tariffs on Canada
The premier of Canada’s most populous says he will cut off energy to the United States if President-elect Donald Trump imposed sweeping tariffs on all Canadian productsABC News - 16h -
This nugget of good news in hottish CPI inflation report may cement Fed interest-rate cut
Inflation has risen since the summer and raised anxiety at the Federal Reserve, but a welcome slowdown in housing costs could be just what the doctor ordered.MarketWatch - 1d -
Bank of Canada warns Trump’s tariffs will ‘dramatically’ hit growth
Central bank has slashed borrowing costs five times this year in an effort to combat unemployment and boost growthFinancial Times - 1d -
The case for a global defence bank
Transformative solutions are required to overhaul procurement and expand the pool of available capitalFinancial Times - 1d -
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 - 1d -
Inside Salt Lake City's booming banking industry
CNBC takes viewers on a deep dive into Salt Lake City's booming industrial banking sector.CNBC - 2d -
Designer Brands Cuts 2024 Outlook
Designer Brands said its sales fell in the third quarter and cut its outlook for the year as unfavorable weather and economic uncertainty reduced consumer spending. Shares fell premarket.The Wall Street Journal - 2d -
Denmark's Nykredit to Buy Spar Nord Bank
Danish financial services group Nykredit will make a cash bid for Spar Nord Bank in a deal that values the Danish bank at around $3.5 billion.The Wall Street Journal - 2d -
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The Fed is on course to cut interest rates in December, but what happens next is anyone's guess
Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.CNBC - 5d -
Why Powell and the Fed should pause interest-rate cuts in December
Some say November’s jobs data support holding monetary policy steady.MarketWatch - 5d -
Spurs' Postecoglou has 'no interest' who backs him
Tottenham manager Ange Postecoglou has said he has "no interest in who is behind me" following an argument with a group of fans after Thursday's 1-0 defeat at Bournemouth.ESPN - 5d -
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 - 6d -
Postecoglou has 'no interest' whether fans back him
Tottenham Hotspur boss Ange Postecoglou says he is not interested in whether fans back him after he was confronted by supporters.BBC News - 6d -
Jobs report shows hiring surge as Fed weighs interest rate cut
The fresh data marks the first jobs report since the election of Trump.ABC News - 6d -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - 6d -
India's central bank revises down economic growth forecast for 2025, keeps interest rate steady
The Reserve Bank of India has held interest rate steady since February last year, while a sharper-than-anticipated slowdown in India's growth has made RBI's task tougher.CNBC - 6d -
Interest rates forecast to be higher for longer due to Budget
Measures in the Budget will boost growth in the short-term, but interest rates will fall more slowly, it says.BBC News - 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 -
What drives home equity loan interest rates?
Wonder what impacts home equity borrowing rates? Here are the factors borrowers should be aware of.CBS News - Dec. 3 -
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What's the mortgage interest rate forecast for December 2024?
If you're planning to buy or refinance a home this month, here's what mortgage rates could look like.CBS News - Dec. 3 -
Police address renewed interest in JonBenét Ramsey case
Netflix’s documentary series “Cold Case: Who Killed JonBenét Ramsey” that re-examines the 1996 killing of the 6-year-old is raising new hope among investigators to bring closure. Boulder police ...NBC News - 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 -
Fed’s Waller says he supports interest-rate cut at next meeting — for now
Federal Reserve Governor Christopher Waller said Monday that as of today, he supports an interest-rate cut at the central bank’s next meeting in a little over two weeks.MarketWatch - Dec. 2 -
Will credit card interest rates fall this December?
Credit card rates are sitting at a record high right now, but will they drop lower this month? Here's what to know.CBS News - Dec. 2
