Latest in Banks Brace Potential
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Close Brothers swings to loss as banks brace for potential car finance redress costs
FTSE 250 bank set aside £165mn to cover costs of potential motor finance mis-selling after sector-wide regulatory probeFinancial Times - 14h -
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 - Mar. 9 -
Canada braces for new leader: Here are Trudeau’s potential successors
Canada is bracing for Prime Minister Justin Trudeau’s successor, who will follow the Liberal Party leader who has led U.S.’s neighbor to the north since the Obama administration, The Associated ...The Hill - Mar. 9 -
Gerrit Cole's UCL surgery includes internal bracing, potentially shortening recovery time for Yankees ace
Yankees ace Gerrit Cole underwent UCL surgery this week, which included internal bracing. This procedure reduces inflammation and speeds up recovery time.Yahoo Sports - 5d -
Medicaid cuts would decimate Native American programs, tribal health leaders say
As Congress mulls significant cuts to Medicaid, Native American tribes are bracing for potentially devastating financial fallout.CBS News - 4d -
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 - 6d -
As cyberwarfare threat looms, cashless Nordic nations go back to banknotes | Miranda Bryant
Nordic countries were early adopters of digital payments. Now, electronic banking is seen as a potential threat to national security. In 2018 a former deputy governor of Sweden’s central bank ...The Guardian - 2d -
Banks and fintechs join ‘stablecoin gold rush’
Bank of America and Stripe target market for payments in cryptocurrenciesFinancial Times - Mar. 10 -
California braces for powerful atmospheric river as study finds storms are getting worse
Authorities are preparing for flooding and debris flows after recent wildfires have stripped vegetation from hillsides. California is bracing for a powerful atmospheric river storm that is expected ...The Guardian - 6d -
Banks are feeling the strain as lower-income consumers struggle with inflation and tariff chaos
Banks are seeing lower credit-card spending, while delinquencies are rising.MarketWatch - 4d -
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 - 6d -
U.K. braces for environmental impact as ships burn in North Sea after collision
British officials were bracing for environmental damage and seeking answers Tuesday after a cargo ship carrying a toxic chemical hit a tanker transporting jet fuel for the U.S. military off eastern ...NBC News - Mar. 11 -
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 - 5d -
Thousands displaced as Israel continues fighting in West Bank
As the ceasefire in Gaza remains shaky, Israel is still carrying out what it calls Operation Iron Wall in the West Bank. The fighting has displaced thousands and could last for a year, Israel's ...CBS News - 1d -
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 - 5d -
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 - 5d -
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 - 4d -
Pitt Declines Any Potential Postseason Tournaments
Pitt has declined any potential postseason basketball tournaments following a loss to Notre Dame in the ACC Tournament.Yahoo Sports - 4d -
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 - Mar. 10 -
Canada's new PM on Trump's 51st state talk: It's 'crazy'
New Canadian Prime Minister Mark Carney shut down President Trump’s talk of Canada potentially becoming the U.S.’s 51st state, characterizing it as “crazy” and vowing the North American neighbor ...The Hill - 4d -
Imps forward Makama has 'crazy' potential - Skubala
Jovon Makama's hat-trick against Bristol Rovers is a glimpse of the "crazy" potential he has, says Lincoln City boss Michael Skubala.Yahoo Sports - 1d -
Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates
A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?. Monetary policymakers on both sides of the Atlantic will be ...The Guardian - 2d -
Senate Democrats call for USDA funding for local food banks, schools to be restored
Senate Democrats called on the U.S. Department of Agriculture (USDA) to restore funding to local food banks and schools, after it canceled $1 billion in food purchase programs throughout the ...The Hill - 1d -
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 - 6d -
As Israel drops bombs on the occupied West Bank, some fear it will become a new Gaza
Once rare, Israel's use of airstrikes in the occupied West Bank has soared since Oct.NBC News - 3d -
Much of the country is bracing for the risk of severe weather
Intense storms with winds gusting up to 90 mph and hail the size of baseballs are forecast to strike a large area of the Midwest and the South on Friday, the National Weather Service warned.NBC News - 4d -
How the sporting goods industry is bracing for tariffs
Economists and industry advocates say tariffs would have a direct impact on the sports world.ESPN - 3d -
Potential $7.4B Purdue Pharma opioid settlement frustrates some victims
Opioid victims are not getting a "fair shake" in potential $7.4 billion settlement, a claimant in the Purdue Pharmacy bankruptcy case says.CBS News - Mar. 9 -
Report: NBA investigates OKC Thunder for potential player participation policy violation
Report: NBA investigates Oklahoma City Thunder for potential player participation policy violation.Yahoo Sports - 3d -
Commanders named a potential fit for hard-hitting veteran linebacker
The Washington Commanders were named a potential fit for free-agent veteran LB Kyzir White.Yahoo Sports - 1d -
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 - Mar. 10 -
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 - Mar. 11 -
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 - 6d -
Unlocking Canada’s superpower potential
Capitalising on the G7 nation’s vast geography could spark an economic boomFinancial Times - 2d -
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 - Mar. 11 -
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 - Mar. 10 -
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 - Mar. 11 -
Analyzing Knicks' potential first-round matchups for 2025 NBA playoffs
With the NBA Playoffs just one month away, let's dive into the Knicks' potential first round matchup and how they stack up against each of them.Yahoo Sports - 4d -
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 - Mar. 8 -
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 - Mar. 9
