Tuesday Headlines: New CFPB rule caps credit card late fees at $8
CNBC.com: New CFPB rule caps banks’ credit card late fees at $8 New York Times: Bank Runs Spooked Regulators. Now a Clampdown Is Coming. Wall Street…
CNBC.com: New CFPB rule caps banks’ credit card late fees at $8 New York Times: Bank Runs Spooked Regulators. Now a Clampdown Is Coming. Wall Street…
SMALL-BUSINESS DEPOSITS ARE GOLD: This interest-rate up-cycle has shown that the deposits of small-business are stickier and have lower betas than consumer, commercial, or wealth deposits. But research…
Wall Street Journal: Signs of Trouble at Regional Banks Reignite Sector Fears Reuters: Arkhouse, Brigade raise Macy’s buyout bid to $6.6B Bloomberg: Cash Returns Rival Bonds…
New York Times: New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns CNBC.com: Dalio says the U.S. stock market ‘doesn’t look very…
Bloomberg: Fed Officials Emphasize Data to Guide Pace of Interest-Rate Cuts Wall Street Journal: SEC Investigating Whether OpenAI Investors Were Misled CNBC.com: Online trading platform Webull…
New York Post: Goldman’s Solomon throws cold water on Fed’s ‘soft landing’ inflation expectations Financial Times: Sam Bankman-Fried pleads for lenient prison sentence after fraud conviction…
Bloomberg: Wall Street Banks Should Do More on Counterparty Risk, Barr Says Financial Times: Barclays offloads US credit card debt to Blackstone Wall Street Journal: Bitcoin…
Bloomberg: Goldman, Morgan Stanley Are Backstopping Riskiest Slices of CLOs Financial Times: Banks strike back at private credit in ‘aggressive’ push to win deals A.P.: Buffett…
Bloomberg: Top Fed Officials Bolster Case for Patient Stance on Rate Cuts Financial Times: Wavering investors come around to Federal Reserve’s outlook on interest rates CNBC.com:…
Financial Times: Top Goldman Sachs investment bankers threaten to quit over committee snub New York Times: Fed Minutes Show Embrace of Inflation Progress but No Hurry…