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What’s next for banks amid noise around new overdraft-fee cap
Consumer groups applauded the move, but banks said customers could be driven toward more expensive options such as payday loans.MarketWatch - 12m -
Biden administration overdraft rule caps bank and credit union fees at $5
The rule closes a loophole that exempted overdraft fees from lending laws, but is expected to face challenges.CBS News - 55m -
ECB 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 -
HSBC reviews retail banking outside UK and Hong Kong
Bank could scale back in countries including Mexico as it seeks further cost cutsFinancial Times - 1h -
New Federal Rule Limits Overdraft Fees at Large Banks
It is unclear whether the rule, which could help save Americans billions in fees each year, will remain in place after President-elect Donald J. Trump returns to office.The New York Times - 2h -
CFPB announces rule limiting bank overdraft fees
The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks’ ability to charge overdraft fees.NBC News - 3h -
Consumer Finance Watchdog Caps Overdraft Fees as Banks Object
The CFPB caps fees at $5 per overdraft notice, saying banks have turned added fees into a profit center.Inc. - 3h -
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 - 6h -
CFPB announces rule limiting bank overdraft fees
The CFPB says the rule will save American consumers $5 billion annually.CNBC - 3h -
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 - 4h -
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 - 1d -
The case for a global defence bank
Transformative solutions are required to overhaul procurement and expand the pool of available capitalFinancial Times - 1d -
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 - 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 - 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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Biden speaks at the Tribal Nations Summit
Watch live coverage as President Biden delivers remarks at the Tribal Nations Summit where he will reaffirm his administration's commitment to strengthening relationships with their communities.NBC News - 3d -
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 -
12/8: Face the Nation
This week on “Face the Nation with Margaret Brennan,” Syrian rebels have taken control of Damascus, overthrowing the regime of President Bashar Assad. Plus, more on the congressional task force ...CBS News - 3d -
Face the Nation: Kelly, Crow, McCourt
Missed the second half of the show? The latest on... the investigation of the Donald Trump assassination attempt, the TikTok ban and the crisis in GazaCBS News - 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 - 6d -
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 - Dec. 5 -
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 - Dec. 5 -
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 - Dec. 5 -
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 -
National Signing Day: Winners and losers
Florida State is a big winner on the day while LSU suffered some big losses.Yahoo Sports - 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 -
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
