Banking & Loans News

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Federal student loan delinquencies face stricter enforcement

Starting this month, those who are delinquent on their federal student loans will encounter more stringent repercussions, including potential wage garnishment and interruptions to federal benefits.

Scripps Local

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Former British PM Rishi Sunak rejoins Goldman Sachs as adviser

Goldman Sachs on Tuesday named former UK Prime Minister Rishi Sunak its senior adviser, adding a veteran policymaker to its roster as banks navigate rising geopolitical and regulatory uncertainty.

Reuters

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Santander agrees to buy Sabadell's UK unit TSB

Banco Santander SA agreed to buy Banco Sabadell SA's UK unit for £2.65 billion ($3.64 billion) in an all-cash transaction.

Bloomberg

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Surprising rise in mortgage delinquencies: Here's what to know

CNBC's Diana Olick joins 'Squawk Box' to discuss the rise in mortgage delinquencies.

CNBC

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Fed stress test finds all 22 banks tested remained above minimum requirements

CNBC's Leslie Picker joins 'Closing Bell Overtime' with the results of the Federal Reserve's stress test.

CNBC

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Why the muni market is so robust right now

Municipal-bond bankers have been extra busy this year as state and local governments rush to borrow at a record pace to fund projects.

Bloomberg

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JPMorgan traders get shut out of private credit market

JPMorgan traders send out a list of dozens of loans they're looking to buy about once a month and then fail to get their hands on a single one on most occasions. The problem is almost no one in private credit is willing to sell.

Bloomberg

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African, Latam nations buying gold from local miners

Shaokai Fan from World Gold Council discusses the key findings and trends from the latest gold reserve survey that cover 73 central banks around the world.

CNBC

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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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Fed expected to hold interest rates steady

The Federal Reserve is meeting for the next two days and will announce its latest decision on U.S. interest rates Wednesday. Javier David, the business editor at the Dallas Morning News, joins with more.

CBS America

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JPMorgan's Jamie Dimon says his retirement is 'years away'

JPMorgan Chase & Co. CEO Jamie Dimon says his retirement is "several years away," but the decision is up to the bank's board. He spoke to Fox Business.

Bloomberg

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Fed: well-positioned to wait for more clarity on inflation, outlooks

CNBC's Steve Liesman reports on news regarding the latest Federal Reserve minutes.

CNBC

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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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Minneapolis Fed's Kashkari expects rates to be on hold 'for a while'

Minneapolis Federal Reserve President Neel Kashkari says he expects to see interest rates on hold for now as U.S. data have yet to show the full impact of tariffs. He also shares his thoughts on the U.S. housing market and the Fed's inde...

CNBC

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Will famous penny sayings outlast the coin itself?

The Treasury Department said it plans to stop manufacturing the penny, calling time on one of the first coins minted by the U.S. government. "CBS Evening News" co-anchor Maurice DuBois takes a look at the wisdom inspired by the centuries...

CBS News

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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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Student loan default collection restarting

Student loan borrowers who are in default on their payments could soon see money taken out of their paychecks, tax refunds or Social Security checks.

CNBC

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HSBC sees U.S. treasuries restoring some trust

Steven Major, global head of fixed income research at HSBC, examines the potential of the UK as an alternative safe haven to the U.S. and offers his outlook for U.S. treasuries.

Bloomberg

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Franklin Templeton sees banks issuing stablecoins soon

Franklin Templeton Head of Innovation Sandy Kaul expects many banks to amend their business model and become issuers of their own stablecoins. She speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto."

Bloomberg

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Trade war will make Fed hike interest rates, says Sri-Kumar

Komal Sri-Kumar, Sri-Kumar Global Strategies president, joins 'Power Lunch' to discuss Trump's trade war impact on the Fed, markets and economy.

CNBC

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Trump administration to resume collections on defaulted student loans

The Education Department said it will resume collections on defaulted student loans beginning May 5. Andrew Pentis, consumer lending analyst and certified student loan counselor at Bankrate, joins CBS to discuss.

CBS News

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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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U.S. Fed cuts rates by larger than usual half-percentage point

The United States Federal Reserve has cut interest rates by half of a percentage point, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that follows growing unea...

Al Jazeera

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Powell signals rate cut in emphatic Jackson Hole speech

Federal Reserve Chair Jerome Powell on Friday (August 23) endorsed an imminent start to interest rate cuts, saying further cooling in the job market would be unwelcome and expressing confidence that inflation is within reach of the U.S. ...

Reuters

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Global cyber outage grounds flights, hits banks, telecoms, media

A software update wreaked havoc on computer systems globally, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare. An update to a product offered by global cyberscurity firm CrowdStrike ap...

France 24

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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