Bank Cuts - QuikReader

BP to cut 4,700 jobs to reduce costs

The job losses at the oil giant will affect more than 5% of its global workforce.

BBC News - Jan. 16

UK economy's disappointing November growth fuels the case for Bank of England rate cut

The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.

CNBC - Jan. 16

Inflation Rose in December, Putting Rate Cuts Into Question

The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.

Inc. - Jan. 15

Missile Attack Prompts Emergency Power Cuts in Ukraine

President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.

The New York Times - Jan. 15

Lloyds to cut 500 jobs and close two offices

UK bank to review more than 1,500 jobs across multiple departments

Financial Times - Jan. 15

Everything to Know About Big Banks Earnings

Goldman Sachs, JPMorgan, Wells Fargo and other firms are expected to report strong earnings.

Inc. - Jan. 15

These two bank stocks stand out for improvement in 2025

Bank stocks had a wonderful 2024. A lighter regulatory burden and better interest-rate environment might set up another year of gains.

MarketWatch - Jan. 14

Cutting aeroplane contrails is an easy climate win

Tackling these emissions should be simple, fast and cost-effective

Financial Times - Jan. 13

Fintech IPOs return with precious little credit in the bank

Hope still wins out over experience as financial disrupters seek to ride the latest wave

Financial Times - Jan. 11

U.S. Companies Cut Diversity Efforts as Challenges Mount

At least six major U.S. companies modified their DEI policies last year.

Inc. - Jan. 10

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - Jan. 10

Meta cutting DEI team, programs in broad shift

Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...

The Hill - Jan. 10

The Fed Is in No Rush to Cut Rates

Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.

The New York Times - Jan. 10

Lloyds, Halifax and Bank of Scotland to share branches

The move is intended to make it easier for people to access banking services, but some warn it will lead to more branch closures.

BBC News - Jan. 9

Cutting out alcohol for "Dry January"

Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.

CBS News - Jan. 9

Wait, how many banks were run in 2023?

More than you’d think!

Financial Times - Jan. 8

Rate-Cut Decision Was Narrow, Fed Minutes Show

Stubborn inflation, and potential tariffs, make future rate cuts uncertain.

The New York Times - Jan. 8

Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts

Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premises

Financial Times - Jan. 8

Bank of England to relax rules for banks and insurers

PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulation

Financial Times - Jan. 8

Washington Post cutting 4 percent of workforce

The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...

The Hill - Jan. 7

Israeli airstrike targets armed group in West Bank

Yahoo News - Jan. 7

Why bank stocks care that Michael Barr is stepping down as top Fed banking cop

As vice chair of supervision, Barr was leading the effort to raise capital requirements for banks.

MarketWatch - Jan. 6

West Bank Settlers Hope Trump Will Back Annexation Dreams

Settler leaders say they are confident that a Palestinian state is off the table, but their expectations are tempered by their experience of Donald Trump’s first term.

The New York Times - Jan. 6

Israeli officials say 3 killed in attack on vehicles in occupied West Bank

Far-right Israeli official calls for destruction of Palestinian town in occupied West Bank after 3 killed, 7 wounded in shooting attack.

CBS News - Jan. 6

Three killed in Palestinian shooting attack on bus in West Bank

Two women and a man are killed after gunmen open fire in al-Funduq, Israel's military and paramedics say.

BBC News - Jan. 6

Shooting attack on a bus carrying Israelis in the occupied West Bank kills 3

A shooting attack on a bus carrying Israelis in the occupied West Bank has killed at least three people

ABC News - Jan. 6

Investment banks prepare for crunch year in 2025

Boutiques counting on M&A rebound to support elevated valuations and star hires

Financial Times - Jan. 6

FirstFT: China’s central bank prepares for historic monetary policy shift

Also in today’s newsletter, cold winter snap stokes US heating prices and a shake-up at the top of Meta

Financial Times - Jan. 3

Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account

After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and a rebooked flight. All they got were nonsensical responses from customer service.

The New York Times - Jan. 3

Slovakia threatens to cut benefit for Ukrainians

Yahoo News - Jan. 3

China’s central bank plans policy overhaul as pressure mounts on economy

People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for credit

Financial Times - Jan. 3

Slovakia threatens to cut benefit for Ukrainians

A dispute between Slovakia and Ukraine over Russian natural gas transit has been escalating.

BBC News - Jan. 2

Why you should open a CD with an online bank this January

Most banks and credit unions offer CDs, but opening one with an online bank could make a lot of sense right now.

CBS News - Jan. 2

Palestinian Authority Bans Al Jazeera in West Bank

The ban comes as the PA battles militants from Hamas and its allies for control over parts of the West Bank, a fight that could shape the struggle for leadership of the Palestinian cause.

The Wall Street Journal - Jan. 2