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Politics - The Hill
5 things to know about the TD Bank scandal
Toronto-Dominion Bank, commonly referred to as TD Bank, is facing unprecedented fines and penalties from U.S. officials after allegedly failing to stop hundreds of millions of dollars in drug money ...2 hours ago -
Top stories - The New York Times
TD Bank Pleads Guilty and Pays $3 Billion to Settle Money-Laundering Case
Authorities cited joking by bank employees about crimes: “‘You guys really need to shut this down LOL.’”3 hours ago -
Business - CNBC
TD Bank pleads guilty in money laundering case, will pay $3 billion in penalties
The Department of Justice reportedly was investigating how drug traffickers used TD Bank to launder money derived from fentanyl sales in the U.S.3 hours ago -
Business - Financial Times
TD Bank to pay $3bn in US case over money laundering lapses
Prosecutors say Canadian lender failed to remedy ‘long-term, pervasive and systemic deficiencies’ because of cost controls4 hours ago -
Business - CNBC
The Fed is finally cutting rates, but banks aren't in the clear just yet
When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.4 hours ago - Federal Reserve -
Business - MarketWatch
TD Bank fined $3 billion by U.S. regulators and forced to limit growth
Toronto-Dominion Bank shares fell on Thursday as the Canadian bank was fined and forced to limit expansion to settle charges it failed to prevent money laundering.4 hours ago -
Business - MarketWatch
JPMorgan, Wells Fargo to kick off bank earnings parade as Wall Street weighs lower interest rates
JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. ...5 hours ago -
Politics - The Hill
TD Bank to pay $3B, face growth cap over money laundering violations
Toronto-Dominion Bank, commonly referred to as TD Bank, pled guilty Thursday to violating federal anti-money laundering and bank transparency laws, agreeing to pay more than $3 billion and limit ...6 hours ago -
Top stories - CBS News
Last CPI report before Election Day shows inflation rate at 2.4%
The latest Consumer Price Index report, the last that will be released before Election Day, showed inflation continued to cool in September. CBS News business analyst Jill Schlesinger has more.7 hours ago -
Business - MarketWatch
Mortgage rates post biggest jump in six months
The 30-year mortgage rate is averaging 6.32%, Freddie Mac said in its latest weekly survey on Thursday.7 hours ago - Mortgage -
Business - MarketWatch
Columbus Day: Are banks and post offices open? Here’s what you need to know about Indigenous Peoples’ Day.
Monday is both Columbus Day and Indigenous Peoples’ Day, and there are several closures to monitor.7 hours ago -
Top stories - CBS News
3 big risks of waiting for mortgage interest rates to fall
While trying to time the market may land you a better interest rate, it can also come with some risks to consider.8 hours ago - Mortgage -
Top stories - CBS News
What is a mortgage interest rate modification and how do you get it?
A mortgage rate modification could make sense if your mortgage payments or current rate are higher than you'd like.9 hours ago -
Business - MarketWatch
Minutes show a cautious Fed, economists say, with ‘little hurry to slash rates’
Minutes of the Fed’s Sept. 17-18 deliberations, published Wednesday afternoon, reveal a much more cautious central bank, economists said.9 hours ago -
Business - CNBC
Ripple launches crypto storage services for banks in bid to diversify
Ripple said it is launching a slew of features aimed at helping banks and fintechs store digital tokens — as part of a broader push into crypto custody.9 hours ago -
World - The Guardian
Reading sale jeopardised by owner Dai Yongge’s £55m debt to Chinese bank
Bank understood to have blocked sale to Rob Couhig Documents show unpaid debt secured against stadium The Reading owner Dai Yongge’s repeated attempts to sell the club are being jeopardised by ...10 hours ago -
World - Financial Times
Inflation and interest rates tracker: see how your country compares
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you10 hours ago -
Politics - The Hill
Annual inflation rate drops to 2.4 percent, lowest since February 2021
Consumer prices rose slightly in September as the Federal Reserve prepared to cut interest rates and ease off the brakes of the U.S. economy. The consumer price index, a closely watched gauge of ...10 hours ago -
Top stories - BBC News
Fresh rise in mortgage rates predicted
Recent falls in rates could come to "an abrupt halt" in the next few days, according to brokers12 hours ago - Mortgage -
Business - MarketWatch
The Federal Reserve’s interest-rate panic is creating a windfall for retirees
Those who need to generate low-risk income out of their savings can earn more than they could have done even a few weeks ago.13 hours ago -
World - The Guardian
‘I’m a man and I’m relentless!’ What does Industry say about banking’s toxic masculinity crisis?
They’re lonely, controlling ‘dinosaurs’ seemingly incapable of decently treating the people who look to them for love. Do the characters in the finance drama have any hope of understanding ...15 hours ago -
Business - Financial Times
The ‘80-hour circuit breaker’: Wall Street banks tackle workloads of junior staff
Moves to cap weekly hours for entry-level bankers butt against reality of competitive industry19 hours ago -
Top stories - CBS News
A look at Palestinian life in the Israeli-occupied West Bank
Rights groups say documented instances of violence by settlers against Palestinians in the Israeli-occupied West Bank have been escalating since Hamas' attack on Oct. 7, 2023. CBS News' Haley Ott ...23 hours ago - Israel -
Politics - The Hill
Mortgage applications drop 5.1 percent as rates rise despite Fed cuts
Mortgage applications dipped earlier this month as rates have been on the rise following a strong September jobs report. Recent data from the Mortgage Bankers Association’s (MBA) Weekly ...Yesterday - Federal Reserve -
Business - The New York Times
Fed Officials Debated Whether a Big Rate Cut Was Smart in September
Freshly released minutes from the central bank’s September meeting show that policymakers were divided on how much to cut rates.Yesterday - Federal Reserve -
Tech - GameSpot
Get A Highly Rated Steam Deck Docking Station For Only $24
One of the best-rated third-party Steam Deck docking stations, the JSAUX Docking Station , is getting a big discount at Amazon. You can pick up the accessory for just $24 (was $40), but the deal ...Yesterday -
Tech - GameSpot
Play Your Steam Deck Longer With This Excellent Magnetic Power Bank Deal For Prime Big Deal Days
Amazon's Prime Big Deal Days event is in its second and final day, and if you're in the market for a power bank that's compatible with your Steam Deck to extend your play sessions, you're in ...Yesterday -
Business - Financial Times
Fed officials were divided over big rate cut in September
Minutes from meeting showed some dispute about how quickly to reduce borrowing costsYesterday - Federal Reserve -
Business - Inc.
Fed Minutes Could Offer a Peek at Rate Cut Debate
Insight into the central bank’s decision to cut the prime interest rate may signal its plans for future reductions.Yesterday - Federal Reserve -
Business - MarketWatch
Reddit stock climbs after Jefferies initiates coverage with a buy rating
Jefferies estimates that Reddit’s Ebitda will more than double in the next two years to around $450 million.Yesterday -
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Top stories - CBS News
How to earn big CD returns as interest rates are cut
A single interest rate cut hasn't dramatically affected CD accounts. Here's how you can still earn a big return now.Yesterday -
Top stories - CBS News
What will happen to home prices as interest rates are cut?
Experts predict home prices will rise as interest rates are cut, but two other outcomes could unfold.Yesterday -
Top stories - The New York Times
After Floods, Soaring Insurance Rates Become a Hot Election Issue
Few states elect their insurance commissioners. But in North Carolina, a proposed 42 percent rate hike and Hurricane Helene have raised the stakes in the upcoming election.Yesterday -
World - Financial Times
Starmer refuses to rule out raising employer National Insurance rate
Chancellor Rachel Reeves could raise billions of pounds by introducing levy on employer pension contributionsYesterday -
Sports - Yahoo Sports
MLB playoffs 2024: Padres show they aren’t intimidated by the Dodgers or anyone else in NLDS Game 3 victory
San Diego took a 2-1 series lead on Tuesday, setting up another chance to send the rival Dodgers home early.Yesterday - MLB