Banking & Loans News

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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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Powell speaks at Large Banks Conference amid Trump criticism

Federal Reserve Chair Jerome Powell spoke at the Large Banks Conference in Washington, D.C. on Tuesday amid criticism from President Trump.

CBS America

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Health care premiums expected to rise for ACA enrollees

People who get their health insurance through the Affordable Care Act are expected to see a significant spike in their premiums next year because of several factors, including an end to certain tax credits. Dr. Jon LaPook explains.

CBS America

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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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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