Business
Inflation Ticked Up in December, Fed’s Preferred Measure Shows
The Federal Reserve wants to see more evidence that inflation is easing before resuming interest rate cuts. The latest data presented a…
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Banking and Financial Institutions
Politics
Rohit Chopra of CFPB Expected Trump to Fire Him Right Away, but He’s Hanging On
Rohit Chopra, the director of the Consumer Financial Protection Bureau, expected to be fired soon after President Trump took office. More…
Business
How Fed Rates Influence Mortgages, Credit Cards, Savings and More
The Federal Reserve is expected to keep its key rate steady on Wednesday, after a series of cuts that lowered rates by a full percentage…
Business
Trump’s Tariffs Scramble Fed’s Interest Rate Calculus
The Federal Reserve’s efforts to orchestrate a “soft landing” for the United States economy are facing a torrent of uncertainty as the…
Business
What to Watch at the Federal Reserve’s First Meeting of 2025
The Federal Reserve is set to stand pat at its first gathering of 2025, pressing pause on interest rate cuts as policymakers take stock of…
Politics
Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick, the wealthy Wall Street executive whom President Trump has tapped to lead the Department of Commerce, detailed a complex…
Business
Debanking, and the Diss Heard Around Davos
Good morning from Davos, Switzerland, on the final day of the World Economic Forum. The hottest chatter over the past 24 hours has been…
Business
Japan Raises Interest Rates to Highest Level Since 2008
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the…
Politics
Trump Lashes Out at Bank of America Over Treatment of Conservatives
President Trump took an unexpected swipe on Thursday at the big banks that have cheered his return to office, as he raised longstanding…
Business
Big Banks Quit Climate Change Groups Ahead of Trump’s Term
As the second presidency of Donald J. Trump begins, America’s largest banks and asset managers have abandoned one of the most overt…
Business
Capital One Customers Complain of Being Locked Out of Accounts
Thousands of customers have reported problems getting their banking done with Capital One because of a disruption accessing online…
Politics
Ahead of Trump Presidency, the Fed Quits Global Climate Network
The Federal Reserve has withdrawn from a network of global financial regulators focused on climate risk days before President-elect Donald…
Business
JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits
A swath of the nation’s largest lenders, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported quarterly and annual financial…
Politics
Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case
In a lively Supreme Court argument on Tuesday that included references to cookies, cocktails and toxic mushrooms, the justices tried to…
Business
JP Morgan Names Jenn Piepszak C.O.O. Succeeding Daniel Pinto
The slow-moving race to succeed Jamie Dimon at the helm of JPMorgan Chase has lost another entrant. The bank said on Tuesday that Jennifer…
Business
Capital One Is Accused of Cheating Customers Out of $2 Billion
The advertisement from Capital One had many of the same promises that other banks offer for high-yield savings accounts: There were no…
Business
Investing in Stocks and Bonds Will Be Trickier Under Trump
Financial markets have been choppy since the November election, and for good reason. With the next presidential administration promising…
Business
China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
In a striking sign of the Chinese economy’s stagnation, the central bank said on Friday that it had temporarily stopped buying government…
Politics
Banks Are Racking Up Wins Even Before Trump Is Back in White House
Banks are on a winning streak, one that’s poised to intensify as President-elect Donald J. Trump takes office. Biden-appointed regulators…
Business
Rate-Cut Decision Was Narrow, Fed Minutes Show
Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision was…
Business
C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages
A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made…
Business
Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor
Michael Barr will step down from his role as the Federal Reserve’s vice chair for supervision by Feb. 28, or sooner if President-elect…