Banking & Loans News

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JPMorgan head acknowledges struggles across parts of society

The head of JPMorgan Chase is acknowledging that the American dream is slipping out of reach for many. Jamie Dimon says he's on a crusade to change that.

CBS America

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Treasury to take over student loan management

The Trump administration is shifting responsibility for student loans to the Treasury Department, starting with borrowers in default, as part of a broader effort to scale back the Education Department. Officials say the move will streaml...

Fox News

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Federal Reserve holds interest rates steady, projects cut this year

Federal Reserve holds interest rates steady, projects one cut this year

Scripps News

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Bank of Canada holds key interest rate, warns war will drive inflation

The Bank of Canada held its key interest rate steady at 2.25 per cent, but governor Tiff Macklem warned of economic uncertainty ahead as the war in the Middle East causes energy prices to rise.

CBC News

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Ukraine's Oschadbank demands money back after cash seizure

The bank is demanding the return of $40m, €35m and 9kg of gold seized by Hungarian authorities near Budapest, flatly rejecting Hungarian claims the funds were linked to organised crime or opposition party financing.

Euronews

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Angola's Sonangol in talks with China for $4.8 billion refinery loan

Angola's state-owned oil company Sonangol announced Wednesday it is negotiating a $4.8 billion loan with Chinese financial institutions to partially finance a new refinery in the Atlantic port of Lobito, marking the country's first such ...

Africanews

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World Bank pledges $6 billion to Mozambique over five years

The World Bank announced Monday it aims to provide Mozambique with $6 billion in mostly concessional financing over the next five years to support public investment projects, as the Southern African nation grapples with strained public f...

Africanews

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Bulgaria's big currency gamble

The Euro has arrived in Bulgaria, replacing the Lev in just weeks. While companies welcome the change, many people fear higher prices and political turmoil as the country enters a new era.

DW News

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Trump nominates Kevin Warsh to chair Federal Reserve

President Donald Trump announced on social media that he wants Kevin Warsh to chair the Federal Reserve. Warsh was on the Fed's board for five years starting in 2006.

CBS America

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No change to interest rates after first 2026 meeting, Fed announces

The Federal Reserve announced Wednesday (Jan. 28) that interest rates would remain unchanged, holding steady in its current range of 3.5% to 3.75%. CBS News business analyst Jill Schlesinger has more.

CBS America

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Police search Deutsche Bank sites in money laundering probe

German federal police searched Deutsche Bank offices in Frankfurt and Berlin on Wednesday in an investigation related to money laundering, Frankfurt prosecutors said.

Reuters

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Fed expected to keep interest rates steady despite Trump pressure

The Federal Reserve is expected to make its first announcement of the year regarding interest rate cuts. Greg Robb, a senior reporter for MarketWatch, joins CBS News with more.

CBS America

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Trump sues JPMorgan, Jamie Dimon for $5 bln over alleged debanking

U.S. President Donald Trump filed a $5 billion lawsuit against JPMorgan Chase JPM.N and its CEO Jamie Dimon, accusing them of debanking him by closing several of his accounts to further a political agenda.

Reuters

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Trump's credit card rate threat weighs on bank earnings

President Donald Trump called on credit-card companies to cap interest rates at 10% for one year, which could wipe out billions in profits for the industry. Herman Chan has more on "Bloomberg Open Interest."

Bloomberg

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Bank of America tops estimates on equity trading boost

Bank of America saw revenue from equity trading rise 23% to $2.02 billion and net interest income topped analysts' estimates as traders posted a strong fourth quarter. Dani Burger reports on Bloomberg Television.

Bloomberg

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Wells Fargo misses profit estimates as NII falls short

Wells Fargo fell short of analysts' profit estimates as net interest income fell short of expectations and severance costs drove up expenses in the fourth quarter.

Bloomberg

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What a 10% credit card interest rate cap could mean for borrowers

The Dow Jones fell nearly 400 points on Tuesday as traders reacted to President Trump's proposal to cap credit card interest rates at 10% for one year.

CBS America

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Global central bankers defend Fed's Powell after Trump threat

The chiefs of many of the world's major central banks issued a joint statement in support of Federal Reserve chair Jerome Powell on Tuesday, after the Trump administration threatened him with a criminal indictment.

Reuters

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Can Trump cap credit card rates for one year? Here's what to know.

President Trump says he wants to cap credit card interest rates at 10% for a year by Jan. 20. CBS News business analyst Jill Schlesinger breaks down if the president has the ability to cap rates and what it would mean for you.

CBS America

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JPMorgan sees surprise drop in investment-banking fees

JPMorgan's investment-banking fees unexpectedly fell in the fourth quarter, while the bank delivered results that otherwise mostly beat consensus. Dani Burger reports on Bloomberg Television.

Bloomberg

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Fed's Miran is looking for about 1.5 points of cuts in 2026

Federal Reserve Governor Stephen Miran said he is looking for about 150 basis points of interest rate cuts to boost the labor market. Miran added, "underlying inflation is running at 2.3%, that's within noise of our target."

Bloomberg

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FOMC's new voters bring a hawkish tilt to Fed decisions

The Federal Open Market Committee begins the year with a new rotation of a more hawkish collection of voters who may delay interest-rate cuts. Michael McKee has more on Bloomberg Television.

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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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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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

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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