Hurt Big Banks
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Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - Business - United Kingdom -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
New Big 12 out to prove bigger bank accounts don't always mean better football teams in 12-team CFP
The Big 12 is about to play its first season without Oklahoma and TexasABC News - Sports -
The FTC's Noncompete Ban Will Hurt Employees
It threatens their ability to launch and sustain careers by making it riskier for companies to invest in their development.The Wall Street Journal - World -
Jerry Seinfeld says 'the extreme left and P.C. crap' are hurting TV comedy
Comedian Jerry Seinfeld said 'the extreme left' and concerns about offending audiences has watered down comedy.Los Angeles Times - Entertainment -
Democrats cast aside worries of campus protests hurting Biden
Democrats are casting aside worries that college campus protests opposing the Israel-Hamas war in Gaza could spell trouble for President Biden in November. Biden and his White House aides have mostly opted to keep their distance when it comes to ...The Hill - Politics - Joe Biden -
Warsaw synagogue attacked at night with 3 firebombs, no injuries reported
Poland's chief rabbi says that Warsaw’s main synagogue was attacked with firebombs during the night by an unknown perpetrator, but sustained minimal damage and nobody was hurtABC News - World -
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UNRWA is hurting the Palestinian cause it was designed to help — it’s time for change
The United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) is deeply flawed.The Hill - Politics -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Issa Amro’s Nonviolent Resistance in the West Bank
Issa Amro, who has been arrested and beaten for simple acts of defiance, is trying to pursue nonviolent resistance in the West Bank at a time when violence has become inescapable.The New York Times - Top stories -
Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.CNBC - Business -
Lahart's Take: 'Catch-Up' Inflation Categories Might Be Destined to Cool, But That Doesn't Mean They Don't Hurt
One reason inflation has stayed uncomfortably high this year is price measures for some items are still catching up with inflation pressures that already happened. Unfortunately this doesn’t mean they can be ignored.The Wall Street Journal - World -
At least 55 hurt after a University of Southern California bus and a train collide in L.A.
At least 55 people were hurt, two seriously, when a Metro light rail train and a University of Southern California shuttle bus collided Tuesday along a busy thoroughfare in downtown Los Angeles, officials said.NBC News - Top stories - California -
A lot of people don’t have a clue about retirement planning. What you don’t know can hurt you.
The depressing state of knowledge about retirement planningMarketWatch - Business -
BBVA approaches Sabadell to create €70bn Spanish banking giant
Tie-up between two lenders would near valuation of SantanderFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - World -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - Business -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - World -
She Was Convicted of Making a Bank Her Personal ATM---and Sentenced to Death
The case became one of the most high profile in a relentless anticorruption campaign in Vietnam dubbed the “Blazing Furnace.”The Wall Street Journal - World -
Cannabis Laws Are Changing, but Pot Merchants Still Can't Find Banks
Marijuana may become a less regulated Schedule III drug under federal regulations, but banking access remains an obstacle.Inc. - Business -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Banks face new risks as US tightens sanctions on Russia
Ukraine conflict shows no sign of abating — and financial institutions are being expected to implement the responseFinancial Times - World - Russia -
Israel accused of possible war crime over killing of West Bank boy
UN expert says death of 8-year-old appears to violate law after reviewing evidence gathered by BBC.BBC News - Top stories - Israel -
Lenders flying blind on private equity risk, Bank of England warns
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiascoFinancial Times - Business -
Is Hyrox the New CrossFit? This New Fitness Race is Taking Over.
Hyrox, a sporting event founded in Germany, has earned a large following for its dazzling, high-profile races.The New York Times - Lifestyle -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
HSBC Chief Executive Noel Quinnunexpectedly said he would retire, leaving the bank without a clear successor.
HSBC Chief Executive Noel Quinn unexpectedly said he would retire, leaving the bank without a clear successor.The Wall Street Journal - World -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.CNBC - Business - Joe Biden -
Kenya floods: tourists evacuated from Maasai Mara after river bursts banks
Kenya Red Cross rescues more than 90 people from hotels and lodges as heavy rainfall continues. Scores of tourists have been evacuated by air from Kenya’s Maasai Mara national reserve after more than a dozen hotels, lodges and camps were flooded ...The Guardian - World -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recoveryABC News - World -
Bank of Canada Gov. Macklem Acknowledges Limits on Rate-Policy Divergence From Fed
“Clearly, if we cut interest rates and that weakens the Canadian dollar, that is something you have to take into account,” Macklem said.The Wall Street Journal - World - Federal Reserve -
NHL players are refining the art of the bank shot via ricochet off the masks of the goaltenders
A few goals in the first round of NHL playoffs have been scored with the puck banking in off the goaltender's maskABC News - Sports -
95% of couples say they trust each other when it comes to retirement — but many have secret bank accounts and mounting anxiety
Most couples say they share retirement goals and values, but a closer look often reveals significant differences.MarketWatch - Business -
Is Big Tech's Spending Stifling AI Startups Innovations?
Critics say technology giants' multibillion-dollar spending on AI infrastructure makes it hard for startups to compete.Inc. - Business -
Democrats release report on big oil probe
Welcome to The Hill's Energy & Environment newsletter {beacon} Energy & Environment Energy & Environment The Big Story Democrats release report on big oil probe According to a report from a yearslong investigation by House Democrats, major oil ...The Hill - Politics