Banking & Loans News

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Big bank stocks come roaring back in 2025

2025 was a good year for the big banks. The six titans of U.S. banking are up by an average of more than 45% this year, while the stocks of the top four public alternative asset managers are collectively down.

Bloomberg

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Rich world's rate-cut momentum fading away

This year has seen a series of rate cuts across major central banks around the world. But with many policy-makers signaling they're near or at the end of that cycle, what does 2026 have in store for central bank watchers?

Bloomberg

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Bank of England: What to expect from today's decision

The Bank of England will likely deliver a pre-Christmas interest-rate cut on Thursday as concerns shift away from inflation and toward the UK's struggling economy and jobs market. Bloomberg's Ven Ram reports.

Bloomberg

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EU leaders to vote on Ukraine loan backed by frozen Russian assets

EU leaders will gather in the coming hours to vote on potentially using nearly 200 billion dollars in frozen Russian assets to support Ukraine. But it's a controversial and risky plan.

Al Jazeera

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UK inflation drop clears way for BOE rate cut

Santander Economist Victoria Clarke reacts to UK inflation data which slipped to its lowest level in eight months, a bigger than expected drop that clears the path to an interest-rate cut at the Bank of England on Thursday. She speaks on...

Bloomberg

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Banks slam OCC's initial blessing for crypto trust U.S. charters

The Office of the Comptroller of the Currency's decision to grant limited banking charters to cryptocurrency companies is likely to face legal challenges from banks and even state regulators.

Bloomberg

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Fed set up to keep cutting rates in 2026, Newedge's Dawson says

Newedge Wealth CIO Cameron Dawson says it's the ultimate "party on, Garth" type of market environment. Speaking during an interview with Matt Miller on "Bloomberg Open Interest," Dawson also says she expects the Federal Reserve to keep c...

Bloomberg

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Bank of France hit with legal complaint

The case opens a new chapter in ongoing efforts to clarify France’s role during the Rwanda genocide. A judicial investigation is expected to determine whether the central bank failed in its duty of oversight.

Africanews

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What does the Fed's rate cut mean for consumers?

The Federal Reserve on Wednesday cut interest rates by a quarter of a percentage point, the third rate cut this year. CBS News business analyst Jill Schlesinger has more.

CBS America

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Bankers readying U.S. IPOs ahead of 2026

Behind The scenes, the U.S. IPO market is heating up. With equity indexes near record highs and companies emerging from the shutdown backlog, bankers say they're seeing a surge in mandates and early signs that 2026 could be a breakout year.

Bloomberg

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Go behind the scenes to see how VISA thwarts scams as fraud increases

There have been nearly 1.5 million reports of fraud so far this year, which is up from 1.3 million for the same period last year. Ash-har Quraishi got a behind-the-scenes look at VISA's high-tech cyber fusion center in Virginia to see ho...

CBS America

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Fed speak has spooked markets, Roland says

Emily Roland of Manulife John Hancock says talk of the Federal Reserve loosening monetary policy might have spooked the markets. She also comments on the collapse of Bitcoin and crypto on "Bloomberg Open Interest."

Bloomberg

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Proposal to lower credit card fees might limit consumers' card options

A proposed settlement between credit card giants Visa and Mastercard and merchants could result in lower prices, but it could also mean fewer payment options for consumers. (Scripps News)

Scripps News

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UBS spoke to Bessent about moving Headquarters to U.S.

UBS Group AG Chairman Colm Kelleher held talks with US Treasury Secretary Scott Bessent about potentially moving the bank's headquarters to the US amid uncertainty over Switzerland's upcoming capital reforms, according to the Financial T...

Bloomberg

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Government shutdown may impact Fed decision on interest rates cuts

The government shutdown impacted key economic data reports that the Federal Reserve uses to determine a potential interest rate cut. CBS MoneyWatch correspondent Kelly O'Grady reports.

CBS America

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Visa, Mastercard deal may change card fees and rejections

A new settlement between Visa, Mastercard, and retailers will gradually cut interchange fees — the charges merchants pay banks to process credit cards. CBS News business contributor Javier David explains what it could mean for consumers.

CBS America

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Libya's cash crisis: Fake bills prompt shift to electronic payments

Libya is grappling with a serious currency crisis after counterfeit banknotes flooded the market last year. The central bank has recalled the 50-dinar and 20-dinar notes citing concerns over fake bills entering circulation.It wants peopl...

Al Jazeera

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Americans struggling to save for retirement

Bankrate found 58% of workers feel behind on retirement savings.

Scripps News

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ECB keeps interest rate at 2% as growth holds up against trade tension

With inflation subdued and growth steady, the ECB maintained rates at their lowest level in more than two years, matching market expectations.

Euronews

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Bank of Canada cuts key interest rate to 2.25%

The Bank of Canada made a 25-basis-point cut to its key interest rate while governor Tiff Macklem suggested rates will hold where they are as long as inflation stays in the target range of two per cent.

CBC News

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Why the Fed cuts rates again despite stubborn inflation

The Federal Reserve on Wednesday cut interest rates for the second consecutive time despite inflation remaining above its target rate.

CBS America

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U.S. Federal Reserve expected to cut interest rates

The U.S. Central Bank, the Federal Reserve, is meeting this week to discuss the economy and whether to cut interest rates. The Fed dropped the rate by a quarter of a percent last month, but President Trump wants deeper and quicker cuts t...

Al Jazeera

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Huntington acquiring Cadence Bank in $7.4 billion deal

Huntington Bancshares Inc. struck a deal to buy Cadence Bank for $7.4 billion, for its second major acquisition this year. The deal will extend Huntington's footprint to 21 states in the south and southeast regions.

Bloomberg

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Health insurance premiums set to jump next year, survey finds

Employer-sponsored health insurance plans are expected to rise between 6% and 7% next year, according to a survey from the consulting firm Mercer.

CBS America

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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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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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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