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US tariffs could extend Germany's recession, says bank
Germany's central bank president says US tariffs and retaliation to them could tip Europe's largest economy into recession again.BBC News - 1d -
U.S. tariffs could thrust Germany into recession, central bank governor says
Ongoing U.S. tariffs could push Europe's largest economy into a recession, German central bank President Joachim Nagel warned.CNBC - 13h -
Child deaths surge amid ‘Gazafication’ of West Bank, report says
Palestinians facing mass displacements, airstrikes and rise in attacks on children and other civilians, rights group says. Israel has brought the military tactics of its war in Gaza to the occupied ...The Guardian - 3d -
Americans should ‘absolutely not’ brace for recession despite bank warnings: Commerce secretary
In an exclusive interview with Meet the Press, Commerce Sec. Howard Lutnick says Americans should “absolutely not” brace for a recession amid warning signs from major banks like JP Morgan and ...NBC News - 4d -
USDA halts more than $1B in funding for local food banks, schools
The U.S. Department of Agriculture (USDA) says it has nixed more than $1 billion in funding for local food banks and schools by terminating two programs that aid state, tribal and territorial ...The Hill - 2d -
How Lead Bank CEO Jackie Reses rose from 'a pretty gritty childhood' to Goldman Sachs, Square and top of U.S. fintech
Lead Bank CEO Jacqueline Reses says her independent life started at age 14, and she's never looked back, from early days at Goldman Sachs to the top of fintech.CNBC - 1d -
USDA cancels $1 billion in local meal funding for schools and food banks
The USDA said it is promoting wiser government spending, but schools say it will make it tougher to serve healthy meals.CBS News - 2d -
Banks and fintechs join ‘stablecoin gold rush’
Bank of America and Stripe target market for payments in cryptocurrenciesFinancial Times - 3d -
Lagarde says ‘impossible’ for ECB to always guarantee 2% inflation
Potential price pressure from trade war and debt-fuelled borrowing add to uncertainty, warns central bank presidentFinancial Times - 1d -
Fed chief Jay Powell plays down growth worries after jobs report disappoints
Chair says US central bank in no ‘hurry’ to cut interest rates at end of turbulent week for Wall StreetFinancial Times - 6d -
Trump set to nominate Michelle Bowman as Fed’s top bank supervisor
President Donald Trump is set to nominate Federal Reserve Governor Michelle Bowman to be the central bank’s top bank supervisor, a White House official confirmed to MarketWatch.MarketWatch - 1d -
Wells Fargo’s stock dips even as analyst proclaims ‘good entry point’ for investors
RBC Capital says Wells Fargo’s stock is a good buy after the recent financial-stock selloff — but it continued to fall along with most bank stocks Thursday.MarketWatch - 6h -
Senate Banking panel advances stablecoin bill
The Senate Banking Committee voted Thursday to advanced legislation to create a regulatory framework for payment stablecoins. The movement on the GENIUS Act marks a key win for the Trump ...The Hill - 7h -
USDA cuts funding for school, food bank programs
The U.S. Department of Agriculture is cutting two pandemic-era programs that provide more than $1 billion combined in federal funding for schools and food banks to buy food directly from local ...CBS News - 2h -
Report: Banks, Packers agree to four-year, $77M contract
Former San Francisco 49ers guard Aaron Banks reportedly agreed to sign a four-year, $77 million free-agent contract with the Denver Broncos.Yahoo Sports - 3d -
India's inflation rate dips to cooler-than-expected 3.61% in February, below central bank's target
The lower inflation reading could give the Reserve Bank of India room to cut rates and support its slowing economy.CNBC - 1d -
Zeldin: $20B in green bank grants from climate law terminated
Environmental Protection Agency (EPA) Administrator Lee Zeldin said Tuesday night he has terminated $20 billion in green bank grants that were funded by the Democrats’ climate, tax and health care ...The Hill - 1d -
How a hidden benefit of a Wells Fargo asset cap removal could save the bank billions
The bank paid $2.5 billion more in remediation efforts in 2023 than in 2018, which was a year before Charlie Scharf became CEO.CNBC - 2d -
China’s Geely sells Saxo Bank stake to Swiss private bank
Eight-year joint venture was a bet on Chinese capital markets opening up to the westFinancial Times - 3d -
Ramadan in the West Bank: Displacement and Despair
An Israeli military operation has uprooted tens of thousands of Palestinians who can’t break their fast in their own homes and don’t know when, or if, they will ever return.The New York Times - 2d -
The Biggest US Banks Have All Backed Out of a Commitment to Reach Net Zero
In the lead up to the inauguration, the six largest US banks left a voluntary alliance with the UN to reach net zero by 2050. Now, critics are calling for new climate laws.Wired - 5d -
Stirtz, Banks lead Drake past Bradley 63-48 for third straight Missouri Valley championship
Bennett Stirtz scored 24 points, Tavion Banks added 13 and top-seeded Drake defeated No. 2-seed Bradley 63-48 to win Arch Madness for the third consecutive timeABC News - 4d -
Packers, OL Aaron Banks agree to 4-year, $77 million deal: Report
Jordan Love is getting another solid guard this fall. The Packers struck a four-year, $77 million deal to land 49ers offensive lineman Aaron Banks, according to the NFL Network.Yahoo Sports - 3d -
Here's why banks don't want the CFPB to disappear
For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as ...NBC News - 3d -
Here's why banks don’t want the CFPB to disappear
The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.CNBC - 3d -
Central banks should fear misbehaving inflation expectations
Widening dispersion and greater inflation uncertainty mean expectations are not as anchored as they appearFinancial Times - 2d -
The crisis at IndusInd, India’s fifth-largest private bank
Also in this newsletter: Starlink set to enter India and inflation cools offFinancial Times - 1h -
Packers free agency: Green Bay invests in protecting Jordan Love by signing one of top interior OL, per report
Aaron Banks is coming over from San FranciscoCBS Sports - 3d -
Winners and losers from the Wall Street sell-off
‘Ignored stocks’ outperform as Big Tech and banks slideFinancial Times - 1d -
Christians Are Pressing Trump to Clear a Path for Israel to Annex the West Bank
Some 80 percent of white, evangelical Christians voted for President Trump. Now, some want a policy change that could undermine a future Palestinian state.The New York Times - 5d -
US makes fresh push for World Bank to back nuclear power
New administration wants Washington-based multilateral lender to help the west compete with China and RussiaFinancial Times - 4d -
‘Nuclear bomb’ ruling on car finance could spur UK bank deals
Consolidation is back on the agenda for industry as bankers eye more mergers and acquisitionsFinancial Times - 3d -
UK watchdog tells banks to prepare for redress scheme on car loans
FCA to announce decision on compensation within six weeks of court rulingFinancial Times - 2d -
These free-agent signings didn't break the bank — but they were right on the money
There were only a couple perceived blue-chip talents that hit the market this spring, but that doesn't mean there weren't chances to get better. These teams did.Yahoo Sports - 1d -
Farms, Food Banks Cut Off Guard By Spending Cuts
Promising a return to “fiscally responsible initiatives,” the Agriculture Department ended two Biden-era programs that paid farmers to provide food to schools and low-income families.The New York Times - 13h -
U.S. toughens sanctions on Russian oil, gas and banking sectors
The stiffer restrictions come as the Trump administration is trying to convince Russia to accept terms of a proposed 30-day ceasefire.CBS News - 6h -
With Myles Garrett staying, what will the Browns do for a quarterback?
Three years ago, the Browns broke the bank to get Deshaun Watson in the fold.Yahoo Sports - 3d -
Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot
The Trump companies accuse Capitol One of having "'woke' beliefs that it needed to distance itself from President Trump and his conservative political views."CNBC - 6d -
European stocks have crushed the U.S. — now a big bank is shifting its view
The year has started with a big rally for European stocks as the U.S. market struggles to remain above water. Now, HSBC strategists are changing their tune.MarketWatch - 3d -
9 quality bank stocks most likely to rise as much as 45% after recent market declines
Recent action shows investors can never really predict how interest rates will move.MarketWatch - 1d
