Bank

Fed rates live: Powell says US central bank does ‘not need to be in a hurry’ to adjust policy stance Financial Times Source link
US stocks rallied on Wednesday as high hopes for bank earnings paid off and a crucial consumer inflation update showed key prices increased less than expected in December. The benchmark S&P 500 (^GSPC) popped more than 1.7%, while the Dow Jones Industrial Average (^DJI) rose more than 1.6%. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) soared […]
NEW YORK — A U.S. watchdog is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts — and “cheating” customers out of more than $2 billion in lost interest payments as a result. In a complaint filed Tuesday, the Consumer Financial Protection Bureau took aim at Capital One’s promises and […]
As the dust started to settle after the deadly 6 January Capitol attack in 2021, Donald Trump found himself losing corporate allies. Shocked by the rampage that followed efforts to overturn the US presidential election, companies at home and abroad were suspending political donations and reviewing their ties with the outgoing leader. Even Deutsche Bank […]
Dear Tripped Up, Last March, my daughter and I were headed from Berlin, where she was studying, to Italy for her spring break. Our 8:50 p.m. Ryanair flight to Rome was delayed for several hours and eventually postponed to the next morning at 6 a.m. We were given the address of a hotel and told […]
If trust between financial services firms, merchants and consumers is essential for commerce to take place, it’s a fragile bond. There are five main threats to that bond: credit risk; counterparty risk; fraud risk; security risk; and compliance risk. Rob Seidman, senior vice president and chief product officer at U.S. Bank Avvance, told PYMNTS that […]
Emerging Markets Global Advisory LONDON, Dec. 01, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) announces they have completed their first transaction in Uzbekistan securing US$ 30M from the OPEC Fund for International Development (OPEC Fund). Commenting on the transaction, Ipak Yuli’s Chairman Mr.Saydakhmedov Saidabror said, “We are pleased to be the first […]
After U.S. Bank’s investor day in September, analysts covering the company largely had a “show me” reaction to the bank’s growth projections. Stephen Philipson, U.S. Bank’s head of wealth, corporate, commercial and institutional banking, said the bank’s executives have taken heed. “A lot of the feedback we got was, ‘This is a great strategy. We […]
By Nivedita Balu TORONTO (Reuters) – TD Bank is preparing to install U.S. government-ordered monitors and has moved to reassure employees that it had enough resources to comply with laws prohibiting money laundering, according to two sources familiar with the situation. TD became the largest bank in U.S. history to plead guilty to violating a […]
Do you have a U.S. Bank credit card? If you do, you’re in luck. U.S. Bank is providing double rewards for U.S. Bank rewards credit cardholders from November 27 to November 30, 2024, coinciding with Black Friday and the holiday shopping season. Let’s take a look at the details. U.S. Bank is set to offer […]