71.49 F
New York
July 1, 2022

banks

Euro zone inflation hits record 8.6% as the European Central Bank prepares for its first rate hike in 11 years

CNBC
by CNBC043
CNBC – For more and to sign up click here The ECB has announced it will be hiking rates in July and September to counter record inflation. Daniel Roland | Afp | Getty Images Euro zone inflation reached a new record high in June just ahead of the European Central......
Read more

Forget rate hikes, these analysts are predicting interest rate cuts next year

CNBC
by CNBC027
CNBC – For more and to sign up click here Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path......
Read more

Here’s what’s hot — and what’s not — in fintech right now

CNBC
by CNBC032
CNBC – For more and to sign up click here There has been something of a rotation out of certain pockets of fintech that were hyped by venture capitalists last year, such as crypto and “buy now, pay later,” and into less sexy areas focused on generating stable streams of......
Read more

The Fed has been clear, but the economy still isn’t ready for the big rate hikes ahead, Wells Fargo CEO says

CNBC
by CNBC045
CNBC – For more and to sign up click here Charles Scharf Qilai Shen | Bloomberg | Getty Images Wells Fargo CEO Charles Scharf said he is betting on “more significant rate hikes” as the Federal Reserve tries to rein in high inflation, and that the economy is not as......
Read more

‘It’s like going to the DMV online’: What to know about buying Series I savings bonds via TreasuryDirect

CNBC
by CNBC027
CNBC – For more and to sign up click here Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect,......
Read more

European Central Bank member Holzmann says there’s ample room to hike to cool surging inflation

CNBC
by CNBC030
CNBC – For more and to sign up click here The ECB is heading to a critical meeting in July with a rate rise expected and investors awaiting details of its new fragmentation tool. Daniel Roland | Afp | Getty Images A member of the European Central Bank told CNBC......
Read more

ECB’s chief economist sees double-sided risk of spiraling inflation and an economic slowdown

CNBC
by CNBC028
CNBC – For more and to sign up click here Philip Lane, chief economist of the European Central Bank. Bloomberg | Bloomberg | Getty Images European Central Bank Chief Economist Philip Lane said the Frankfurt institution will have to remain vigilant over the coming months with the prospect of inflation......
Read more

Lagarde plays down recession risks, says ECB is ready to ‘move faster’ on rates if needed

CNBC
by CNBC049
CNBC – For more and to sign up click here European Central Bank President Christine Lagarde said the central bank can raise rates faster, if needed. Handout | Getty Images News | Getty Images European Central Bank President Christine Lagarde on Tuesday played down concerns about a recession in the......
Read more

As Klarna and Affirm falter, a new breed of ‘buy now, pay later’ startups are stealing the spotlight

CNBC
by CNBC039
CNBC – For more and to sign up click here Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “speculation.” Jakub Porzycki | NurPhoto via......
Read more

Credit Suisse vows to overhaul its risk management after a litany of scandals

CNBC
by CNBC036
CNBC – For more and to sign up click here A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse has vowed to forge ahead with its risk management......
Read more

Raft of U.S. banks raise dividends after stress tests

Reuters
by Reuters00
BANGALURU/NEW YORK, June 27 (Reuters) – Morgan Stanley (MS.N), Goldman Sachs (GS.N), Bank of America (BAC.N)and Wells Fargo (WFC.N) hiked their dividends on Monday while JPMorgan & Chase (JPM.N) kept its payout flat, after the U.S. banks cleared their annual stress test exerciselast week. The U.S. FederalReserve said on Thursday......
Read more

JPMorgan keeps dividend unchanged as rivals including Morgan Stanley boost payouts after Fed test

CNBC
by CNBC027
CNBC – For more and to sign up click here A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs. Reuters JPMorgan Chase said Monday that increasingly stringent capital requirements forced it to keep its dividend unchanged while rival banks announced bumps......
Read more

The time is ripe for Wall Street layoffs as recession looms and deals boom turns to bust

CNBC
by CNBC025
CNBC – For more and to sign up click here People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | Getty Images Less than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs. Now, thanks to......
Read more

CEO of $4.8 billion fintech Wise faces investigation over tax breach

CNBC
by CNBC069
CNBC – For more and to sign up click here Kristo Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sportsfile | Getty Images The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authorities found he failed to pay a tax......
Read more

‘Apathetic’ investors will embrace banks: RBC top analyst predicts comeback in year’s second half

CNBC
by CNBC058
CNBC – For more and to sign up click here Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst. Gerard Cassidy predicts bullishness will make a comeback due to strong revenue growth and optimism......
Read more

Stashing cash finally pays off as savings interest rates rise from rock bottom in wake of Fed hikes

CNBC
by CNBC031
CNBC – For more and to sign up click here There’s a silver lining to higher interest rates: Stashing some cash finally pays. Soaring inflation, which pushed the Federal Reserve into hiking its benchmark rate, is having an effect on the return savers stand to get on their money, at......
Read more

JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion

CNBC
by CNBC04
CNBC – For more and to sign up click here JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters JPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that......
Read more

European banks ace U.S. Fed’s stress test, show strong capital levels

Reuters
by Reuters01
WASHINGTON/LONDON, June 23 (Reuters) – The U.S. units of major European lenders including Deutsche Bank, Barclays and Credit Suisse sailed through the Federal Reserve’s annual “stress tests” on Thursday, showing they hold enough capital to weather an economic shock. For the seven European bank subsidiaries the Fed oversees with more......
Read more

Consumer watchdog eyes crackdown on credit card late fees as inflation threatens to increase them

CNBC
by CNBC048
CNBC – For more and to sign up click here Rohit Chopra, director of the Consumer Financial Protection Bureau, testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on April 26, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau signaled a......
Read more

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More