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Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Bank holiday weather: Will it be warm or wet?
It's been warming up this week but could rain spoil your plans for the long weekend?BBC News - Top stories -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - Business -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
Inside US airport terminals, banks are merging elite travel clubs with branch offices
Airport terminal bank branches with airline club amenities are growing as financial brands seek to catch the attention of travelers and remote workers.CNBC - Business -
Private equity firms step up plans to edge banks out of low-risk lending
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and BlackstoneFinancial Times - Business -
The CEO Who Hired His Wife, Gave His Dog a Title, and Brought Down a Bank
Vernon Hill, the builder of Commerce Bank and Metro Bank, was also behind toppled Republic First.The Wall Street Journal - World -
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank's lending business.
Standard Chartered posted a rise in first-quarter net profit due to higher trading income, despite lower earnings from the bank’s lending business.The Wall Street Journal - World -
A Justice Department probe into TD Bank's internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.
A Justice Department probe into TD Bank’s internal controls focuses on how Chinese crime groups and drug traffickers used the Canadian lender to launder money from U.S. fentanyl sales.The Wall Street Journal - World -
Sunak says results 'disappointing' but voters will 'stick with us' at general election
Labour wins by-election and string of councils from the Tories, who retain the Tees Valley mayoralty.BBC News - Top stories -
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities tradingFinancial Times - Business -
Even Experts Make Mistakes. A Few They Won't Repeat.
We asked lifestyle authorities across fields: What’s an error you’ve made—big or small—and what did you learn from it?The Wall Street Journal - World -
Women on Bumble No Longer Have to Make the First Move
As dissatisfaction with online dating grows, the app that put women in control is shifting course.The New York Times - Lifestyle -
Labour hails big wins in England as Sunak holds on to Tees Valley victory
Victory in Tees Valley marked a bright spot in a grim night for the Tories, with Labour picking up councils and mayors.BBC News - Top stories -
Wolves make Doyle move from Man City permanent
Tommy Doyle will complete a permanent transfer to Wolves from Manchester City for £4.3m in July.BBC News - Top stories -
Anglo American shares rise on report Glencore may make rival offer
Shares of Anglo American rose on Friday after a report that Glencore was considering making a rival offer for the mining company.MarketWatch - Business -
Major corporations reluctant to make a splash at the 2024 political conventions
Normally risk-averse companies are considering whether attaching their brand to the political conventions is worth the potential backlash.NBC News - Top stories -
The AI Gadget That Can Make Your Life Better---and Two That Definitely Won't
The Humane AI Pin, Rabbit R1 and Ray-Ban Meta smart glasses take AI out of your smartphone and put it in a dedicated gadget. The future? Or just frustrating?The Wall Street Journal - Tech -
How a ‘Hidden’ $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise
Mayor Eric Adams is resurrecting a budget gimmick and charging rent to the city’s Water Board, which will pass on the costs to ratepayers.The New York Times - Top stories -
Trump accuses judge of making hush money trial ‘as salacious as possible’
Former President Trump on Friday claimed the judge handling his hush money case was trying to make the trial "as salacious as possible," even as Trump's own attorneys sought to undermine a witness by bringing up celebrity scandals. "This Corrupt ...The Hill - Politics - Donald Trump -
Yaz amazingly makes Giants fan's birthday dream come true
Prior to the Giants' game against the Red Sox on Thursday, Mike Yastrzemski made sure a young Giants fan received everything she wanted for her 11th birthday.Yahoo Sports - Sports -
Interest rates are staying high—how to make them work in your favor
The U.S. Federal Reserve is keeping its benchmark interest rate at its current decades-long high. Savers and borrowers can take advantage of the moment.CNBC - Business -
Former government employee charged with making false Jan. 6 accusations
Ex-government employee Miguel Zapata is accused of sending fake FBI tips falsely accusing multiple coworkers of taking part in the Jan. 6, 2021, Capitol breach.CBS News - Top stories