Finance
ECB Credibility Hinges on June Rate Hike, Stournaras Warns
ECB Governing Council member Yannis Stournaras states a June interest-rate hike is likely inevitable to preserve the bank's credibility amid worsening inflation...
Finance 325 articles
Finance
FDIC Mandates BSA Compliance for Stablecoin Issuers
The FDIC Board has approved a proposed rule implementing Bank Secrecy Act and sanctions compliance standards for FDIC-supervised stablecoin issuers, advancing the...
Finance
Standard Chartered CEO Apologizes for ‘Lower Value Human Capital’ Remark
Standard Chartered CEO Bill Winters apologized after describing employees vulnerable to AI as 'lower value human capital,' sparking controversy amid planned job...
Finance
Subprime Consumers: A Durable Market Banks Overlook
New data reveals 44 million subprime U.S. adults represent a stable, credit-seeking segment often missed by traditional bank underwriting models.
Finance
US 30-Year Mortgage Rate Hits 6.51%, Highest in Nearly Nine Months
The average long-term U.S. mortgage rate climbed to 6.51% this week, its highest level in nearly nine months, increasing borrowing costs for...
Finance
House Hearing Reveals Oversight Lagging Bank-FinTech Innovation
A House committee hearing scrutinized bank-FinTech partnerships, revealing concerns that regulatory oversight struggles to keep pace with rapid innovation and new risks....
Finance
Apple Stores: The Retail Bet That Defied All Predictions
Twenty-five years ago, BusinessWeek and other pundits predicted Apple's retail stores would fail. Data shows the opposite.
Finance
Fed Data: Households Maintain Big Purchase Plans Despite Inflation
New Federal Reserve data reveals consumers intend to maintain spending on major purchases, with a focus on managing payments to absorb costs.
Finance
Yotta Fined $1M by California Over Deceptive FDIC Claims
California regulators fined FinTech Yotta Technologies $1 million for misleading customers about FDIC insurance before the Synapse collapse, leaving many unable to...