Hints and tips:
Related Special Reports
...UBS has said it aims to reduce costs by $13bn by the end of 2026, with a further $1.5bn of savings over the course of 2024....
...The bank plans to launch a current account for existing customers by the end of the year before broadening the offer to new customers next year....
...Are you getting the best deal on your savings? Check the latest interest rates on National Savings & Investments accounts. See our coverage of the latest savings and investment issues....
...Are you getting the best deal on your building society and bank savings? Check the latest interest rates on accounts from no-notice withdrawal accounts, to offshore and long-term savings....
...Central banks take centre stage this week, Benjamin Netanyahu defies western allies over his strategy in Gaza, and the US National Labor Relations Board is facing challenges from some major companies....
...inequality increasing savings and lower productivity and growth rates reducing the desire for investment....
...Over that time, the overall picture has not so much changed direction as consolidated significantly, in a way that will inform what we hear from the Federal Reserve’s meeting today....
...The flipside to higher interest rates is people also want more for their savings....
...It also comes as global central banks, led by the US Federal Reserve, have signalled that interest rates are expected to remain higher for longer as they battle to bring down inflation, a shift that has...
...These non-bank companies don’t have the balance sheets to hold loans as the banks had traditionally done, so unless they can sell the loans they originate to Freddie, its fellow housing agencies Fannie Mae...
...JPMorgan chief financial officer Jeremy Barnum told analysts that customers were moving more money to accounts that offered higher savings rates, eating into the bank’s margins from lending....
...You see the same thing when you look at savings — the amount of money people have in checking and savings accounts across the income distribution. Look at people who make less than $25,000 a year....
...Deposit costs at the largest US banks rose more than interest revenue last quarter for the first time since the Federal Reserve began raising rates two years ago, as savers demanded lenders share the benefits...
...The savings rate of 3.6 per cent in the first quarter was again low, suggesting few worries among households regarding activity levels....
...Banks are unlikely to offer the same high yield on their savings accounts due to costs of intermediation. Direct debt sales to retail investors will therefore suck out funds from bank accounts....
...federal fiscal support before expiry.”...
...One of the US’s top banking regulators will release a report on Tuesday detailing complaints of years of workplace harassment at the Federal Deposit Insurance Corporation....
...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
...Federal liquidity (changes in the Fed Balance sheet adjusted for changes in the Treasury general account, the Fed’s reverse repo facility, and the Bank Term Funding Program) has been going sideways for a...
...The top six banks have all done better than that — with the unhappy exception of Citi: JPM, Bank of America, Wells and US Bank all outgrew the banking system despite being in the top ten by size back in...
...The Federal Reserve is not expected to lower US rates until at least September. Contracts tracking Wall Street’s S&P 500 and the tech-heavy Nasdaq 100 slipped ahead of the New York open....
...To the surprise of many, Federal Reserve chair Jay Powell struck a decidedly dovish tone in his press conference on Wednesday....
...The comments initially pushed up US equities, but those moves reversed later on in the day, with stocks closing lower.The comments from Powell came as the US central bank held interest rates at 5.25 per...
...Yet investors should take heart from the more than $800mn in cost savings now expected from the Bank of the West acquisition, up by 20 per cent from initial forecasts....
International Edition