Latest in Bank Likely Cut
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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 - 7m -
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 - 36m -
Muted wholesale inflation report likely gives final go-ahead for Fed to cut interest rates
Core producer price index rises scant 0.1% in NovemberMarketWatch - 48m -
CFPB announces rule limiting bank overdraft fees
The CFPB says the rule will save American consumers $5 billion annually.CNBC - 1h -
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 - 2h -
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 -
European Central Bank 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 - 1h -
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 - 5h -
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 - 10h -
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 - 20h -
The case for a global defence bank
Transformative solutions are required to overhaul procurement and expand the pool of available capitalFinancial Times - 22h -
Banks urges Senate Republicans to be more pro-worker, pro-American industry
Sen.-elect Jim Banks (R-Ind.) advocated for government reforms favoring working-class Americans in a Wednesday policy document outlining his approach to improving the country’s economy and global ...The Hill - 22h -
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 - 1d -
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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India appoints Revenue Secretary Sanjay Malhotra as new central bank governor
India has appointed Sanjay Malhotra as governor of the country's central bank for a three-year period, according to CNBC TV18.CNBC - 3d -
CFPB sues Comerica Bank, alleging it failed to administer federal benefits program
The Consumer Financial Protection Bureau accused the bank of intentionally terminating calls and mishandling fraud complaints.CNBC - 5d -
Why do central banks buy gold? Experts weigh in
Knowing the main reasons why central banks buy gold could help inform your approach to gold investing.CBS News - 6d -
World Bank reaches $100bn funding target but faces Trump challenge
US contribution under Biden sets up potential battle in the new Congress next yearFinancial Times - 6d -
Ivory Coast turns to World Bank to replace costly debt
Swap deal to buy back bonds issued in January comes as African borrowers struggle under expensive debt burdensFinancial Times - 6d -
India central bank cuts growth forecast
RBI holds rates and says economy has bottomed outFinancial Times - 6d -
How Trump Targeted Undecided Voters Without Breaking the Bank
The Trump team had a huge financial disadvantage. It made up for it with a strategy that allowed it to narrow the focus of its ad dollars.The New York Times - 6d -
Harris's next role should be raising funds for a Black reparations bank
While Democrats tend to promote broad-based economic policies that “lift all boats,” the Black community needs targeted programs to make up for lost ground.The Hill - 6d -
Toronto-Dominion Bank Suspends Growth Targets as It Reviews Business
Toronto-Dominion Bank said it suspended financial-growth targets as it reviews its business options, weeks after settling U.S. charges it failed to properly monitor money laundering.The Wall Street Journal - 6d -
9 Best MagSafe Power Banks for iPhones (2024), Tested and Reviewed
Keep your iPhone topped up with one of these WIRED-tested MagSafe portable chargers.Wired - 6d -
Is the Biden-era blockade on US bank M&A finally over?
Investors and advisers prepare for consolidation among country’s thousands of regional lendersFinancial Times - Dec. 5 -
Senator Blasts Airlines, Saying They See Passengers as ‘Walking Piggy Banks’
Sen. Richard Blumenthal (D-Conn.) ripped the five largest airlines for collecting $12.4 billion in seat fees between 2018 and 2023.Inc. - Dec. 4 -
Deutsche Bank chief calls for relief on regulation and ‘rethink’ on tax
Call comes amid discontent with Germany’s ruling coalition ahead of snap election in FebruaryFinancial Times - Dec. 4 -
'No Other Land,' from an Israeli-Palestinian alliance, looks at West Bank destruction
Filmmakers overcame assault and lost equipment to finish 'No Other Land,' a documentary about the West Bank. But while it's eligible for an Oscar, it still does not have U.S. distribution.Los Angeles 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 -
City’s new bonus rules will be better for bankers than banks
Gifts for the risk takers and rainmakersFinancial Times - Dec. 4 -
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World Bank Warns of Record Debt Costs for Developing Countries
The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.The New York 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 -
Bipartisan bill would study AI's impact on banking, housing
A new bill with bipartisan support would commission studies on the use of artificial intelligence (AI) in the banking and housing sectors, where lawmakers have been sounding an alarm about ...The Hill - Dec. 2
