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The Fed risks having to tighten policy again because its overly dovish stance loosened financial conditions, top economist says

Wed, 03/20/2024 - 12:26

Tech Insider : Economy

Komal Sri-Kumar — Komal Sri-Kumar
Bloomberg

economy, Markets, mi-exclusive, komal-sri-kumar, fed-decision, federal-reserve, fed-rate-cuts

Customers asked to return $40 million after a bank glitch let them take out more money than they had, report says

Tue, 03/19/2024 - 10:50

Man counting local Ethiopian currency birr notes — More than 40 million people have an account with the bank.
Andrew Woodley/Getty Images

finance, trending-uk, Banks, finance, cyber-attacks, ethiopia

One way to help American homebuyers? Do what the Dutch do.

Wed, 03/13/2024 - 09:36

Tech Insider : Economy

Homes along a canal in Amsterdam. — Dutch-style mortgages offer something American mortgages don't: automatically lower interest rates as the loan is paid off.
Yasonya/Getty Images

economy, Real Estate, Housing, housing-crisis, home-prices, Rent, Homes

Real-estate lender NYCB is in turmoil, shredding nerves on Wall Street

Fri, 03/01/2024 - 01:25

An older woman walks past a New York Community Bank. — A New York Community Bank in Brooklyn, New York City.
Spencer Platt/Getty Images

finance, News, Banks, Banking, new-york-community-bancorp, News

The Rothschild family is worth an estimated $1 billion. Meet the remaining heirs of the legendary dynasty.

Mon, 02/26/2024 - 17:16

Nicky Hilton James Rothschild — Nicky Hilton is married to James Rothschild, an heir of the Rothschild family's banking fortune.
David Crotty/Patrick McMullan via Getty Images

finance, family-business, Banking, Wealthy, Features, rothschilds, Finances

China's biggest banks are finally getting scared by the West's sanctions against Russia

Wed, 02/21/2024 - 02:08

Tech Insider : Economy, Economy

Vladimir Putin. — Russia's President Vladimir Putin.
Artem Geodakyan/POOL/AFP via Getty Images

economy, News, China, Russia, Banks, Sanctions, economy

Defaults skyrocketed last year to the highest tally since the start of the pandemic - and 2024 is set to bring more pain to corporations

Wed, 01/31/2024 - 12:00

Tech Insider : Economy, Economy, Business

Recession outlook, going out of business, economy — Defaults nearly tripled in 2023 compared to 2022.
Robert Alexander / Getty

economy, Markets, economy, Markets, Defaults, moodys-analytics, corporate-defaults

Russian banks made a record $36.8 billion in profit last year, and even the central bank is surprised by it

Wed, 01/31/2024 - 03:03

Tech Insider : Economy, Politics, Economy

Russian President Vladimir Putin applauds. — Russian President Vladimir Putin.
Getty Images

economy, politics, News, Russia, economy, Banks, ukraine-war

Why banks and consumer groups have become unlikely allies

Thu, 01/25/2024 - 16:29

Jamie Dimon — JPMorgan CEO Jamie Dimon.
Brooks Kraft LLC/Corbis via Getty Images

finance, Markets, basel-iii, Banks, bank-regulation, mortgage-lending, Manufacturing

Bank credit is shrinking for the first time since the Great Recession - and that's a red flag for the economy

Sat, 01/20/2024 - 13:33

Tech Insider : Economy, Economy

wall street — Contracting bank credit levels could be a sign a recession is coming.
Lucky-photographer/Shutterstock

economy, Markets, economy, Markets, Recession, next-recession, recession-outlook

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