Banking & Loans News

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BBVA chair calls Sabadell takeover result ‘unexpected’

BBVA Chairman Carlos Torres says the bank accepts Sabadell shareholders’ decision to reject its $19 billion takeover bid, ending a 17-month pursuit that failed to gain sufficient support.

Bloomberg

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Report: Trump asks banks to report suspected 'domestic terrorist activity'

The Trump administration is asking banks to report "domestic terrorist activity" as part of the president's efforts to crack down on antifa. Gabe Kaminsky, an investigative reporter for the Free Press, joins CBS News to discuss.

CBS America

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Kashkari warns rate cuts could trigger burst of inflation

Federal Reserve Bank of Minneapolis President Neel Kashkari warned that drastic interest rate cuts could spark a surge in inflation. Speaking at a panel on AI and the economy, he cautioned that rapid rate reductions risk overheating the ...

Bloomberg

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BOE's decision to hold rates 'appropriate,' Mann says

Bank of England Monetary Policy Committee External Member Catherine Mann discusses the inflation situation in the United Kingdom and the central bank's decision to hold interest rates in September.

Bloomberg

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Ames: Saudi banks are winners from foreign ownership change

Saudi Arabia's stock market surged after Bloomberg reported the Kingdom may soon ease foreign ownership limits for listed companies. Investors are betting on a flood of investment to the Gulf nation, if it eases the current cap of 49%.

Bloomberg

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ATM fees reach record high, nearly $5 per transaction

ATM fees across the U.S. are climbing, with Atlanta averaging $5.37 per withdrawal. The rise marks a record high, impacting consumers who rely on cash for daily transactions.

Scripps News

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BOE to hold rates before cutting twice later, BofA says

Bank of America UK Economist Sonali Punhani says there is "some small window" for the Bank of England to cut interest rates in November, but uncertainty on the timings of possible cuts remains.

Bloomberg

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U.S. trial begins over BNP Paribas' role in Sudan human rights abuses

The bank is accused of having provided financial support to Omar al-Bashir’s government in the 1990s and 2000s.

Africanews

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ECB’s Patsalides says euro-area inflation risks remain balanced

European Central Bank official Christodoulos Patsalides says risks to euro-area inflation are “balanced.” Speaking in Frankfurt, he highlighted the outlook for the region’s economy, indicating neither significant upside nor downside pres...

Bloomberg

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ECB expected to keep interest rates unchanged

The European Central Bank is set to leave interest rates on hold. The deposit rate will be held at 2%, according to economists. New ECB forecasts are likely to show economic growth gradually picking up and inflation at target over the me...

Bloomberg

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Will the Fed cut interest rates by half a point?

Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported.

CBS America

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Demonstrators in Ghana condemn high cost of loans for Africa

There have been marches in Ghana's capital Accra, condemning the high cost of credit for African economies. Demonstrators are calling for the continent's mounting external debt to be reviewed and cancelled.

Al Jazeera

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Prasad: Fed rate cut could aid Egypt’s economic recovery

Egypt’s central bank is expected to resume monetary easing after last month’s pause, as the country works to curb inflation that hit 38% in 2023. Economist Aathira Prasad says a Fed rate cut would support Egypt’s efforts to stabilize its...

Bloomberg

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Trump clashes with Fed board member Lisa Cook, pushing to oust her

A standoff is brewing between President Trump and economist Lisa Cook. Mr. Trump tried to fire her, claiming "there is sufficient cause" to believe that Cook made false statements on one or more mortgage agreements.

CBS America

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BBVA to maintain takeover bid for Sabadell

BBVA has decided to maintain its takeover offer for Banco Sabadell despite investor backing for the rival's decision to sell its UK unit TSB. Sabadell held a shareholder meeting last week which supported the TSB sale to Banco Santander.

Bloomberg

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Trump claims banks discriminate against him and his supporters

President Donald Trump said he believes that banks, including JPMorgan and Bank of America, discriminate against him and his supporters, as he prepares to act against banks for allegedly dropping customers for political reasons.

Reuters

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Trump asks banks to pitch Fannie, Freddie IPOs

President Trump is asking top bankers for pitches on monetizing the mortgage giants, including a major public stock offering. Bloomberg Finance Reporter Katherine Doherty talks about the discussions.

Bloomberg

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Student loan interest resumes for millions in SAVE repayment plan

The Trump administration will begin collecting interest from federal student loan borrowers enrolled in the SAVE plan starting Friday. Kate Wood, loans expert and writer at NerdWallet, joins CBS News to discuss what borrowers need to know.

CBS America

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JPMorgan, Coinbase agree to link bank, crypto accounts

JPMorgan Chase and Coinbase Global signed an agreement to directly link customers' bank accounts to their cryptocurrency wallets. Paige Smith reports on "Bloomberg Markets."

Bloomberg

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ECB wants to be neutral at this stage: Kumra

TD Securities European and UK Rates Senior Strategist Pooja Kumra discusses the impact of Chinese overcapacity, tariffs and strong Euro on the ECB's outlook.

Bloomberg

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ECB rate cut decision: What to expect

The European Central Bank is expected to leave interest rates untouched for the first time in more than a year as it awaits clarity on what US President Donald Trump's tariffs will do to inflation. Bloomberg's Lizzy Burden reports from F...

Bloomberg

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Fed leaves interest rates unchanged

The U.S. Federal Reserve held interest rates steady again on Wednesday, despite pressure from President Donald Trump to cut rates. CBS News business analyst Jill Schlesinger reports.

CBS News

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Most banks are 'playing it safe' with AI, report says

CNBC's Leslie Picker joins 'Squawk on the Street' to discuss a new report from Boston Consulting Group on how banks are integrating AI into their workflows.

CNBC

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U.S. banks ramp up AI use

JP Morgan has joined other U.S. banks in ramping up its use of artificial intelligence as the technology transforms the way millions of people do their jobs. Teresa Heitsenrether, Chief Data & Analytics Officer at J.P. Morgan, spoke to B...

Bloomberg

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Goldman Sachs: Markets vulnerable to further correction

"The rally that we've seen, I think, is vulnerable to reversing again," says Peter Oppenheimer, chief global equity strategist at Goldman Sachs, as he expects more downside in earnings estimates.

Bloomberg

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Tariffs sink U.S. banks as experts warn of 'economic nuclear war'

JPMorgan Chase CEO Jamie Dimon warns against a potentially "disastrous" fragmentation of America's economic alliances, caused by President Trump's tariffs. It comes as Wall Street titan Bill Ackman urges the president to pause the "econo...

Bloomberg

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Bitcoin surges past $100k as Trump plans to unveil new crypto policies

President Trump has promised to make crypto a national priority in his administration. CNBC's MacKenzie Sigalos reports he may sign an executive order that is crypto-specific, creating a crypto advisory council and possibly creating a fe...

CNBC

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Central Bank warns a shift in U.S. trade policies could affect the EU

Bank president Christine Lagarde also said that the ECB will continue to cut interest rates, but that worries persisted about economic growth. Tensions could result in higher energy prices and freight costs.

Euronews

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No, Christine Lagarde doesn't want to scrap cash to fight climate change

A video is being shared on social media which allegedly shows Christine Lagarde, president of the European Central Bank, calling for the abolition of cash in order to reduce our carbon footprint.

Euronews

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E.U. eyes frozen Russian assets to fund Ukraine war

European Union leaders arrived at a summit to discuss whether to use billions of euros in profits from frozen Russian financial assets to buy arms for Ukraine as they try to bolster Kyiv in its fight against Moscow's invasion.

France 24