Tag: Banking and credit
ECB sees elevated risks to financial stability in Europe
FRANKFURT, Germany — The European Central Bank says risks to the stability of companies, banks and financial markets remain “elevated” due to the uneven...
Fed officials in April cautioned about inflation pressures
WASHINGTON — Federal Reserve officials at their April meeting reaffirmed the view that the central bank's ultra-low interest rate remained the best policy approach,...
Leaders hold talks in Paris to revive African economies
PARIS — More than 20 heads of state and government from Africa held talks in Paris with the heads of international organizations Tuesday on...
JPMorgan elevates 2 women to run bank’s biggest division
NEW YORK — JPMorgan Chase will promote two women to jointly manage the bank's consumer finance division — the bank's biggest business by far...
Bank of America to raise minimum wage to $25/hr by 2025
NEW YORK — Bank of America plans to set the minimum wage for all positions at the company to $25 an hour by 2025....
Biden reverses Trump changes to bank antidiscrimination law
NEW YORK — The Biden administration announced Tuesday it would repeal the changes made by the Trump administration to an important law made to...
This Week: Walmart earns, Fed meeting minutes, US home sales
A look at some of the key business events and economic indicators upcoming this week:
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US mortgage rates fall for 4th week; 30-year dips to 2.94%
WASHINGTON — Mortgage rates declined this week, marking their fourth consecutive week below 3% and further evidence of the strength in the economy’s recovery...
Top Fed official says Fed far from achieving its goals
WASHINGTON — A top Federal Reserve official says the outlook for the U.S. economy is bright but the recent jobs report is a reminder...
Millennial Money: A flashy credit card may not fit you best
The credit card you pluck out of your wallet can make as much of a statement as the purse or pants you keep your...