Banks
Netflix and Comcast among companies donating to LA wildfire relief effort
Evacuees from the Eaton Fire dwell among heaps of clothes displayed on the ground at a donation center in Santa Anita Park, Arcadia, California, on Jan. 13, 2025. Etienne Laurent | AFP | Getty Images As Los Angeles continues to battle wildfires that have destroyed parts of the city and killed at least 24 people, […]
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Wall Street notches another win as Fed’s Barr clears the way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University’s Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022. Ann Saphir | Reuters The early departure of the Federal Reserve’s top financial regulator allows for […]
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Michael Barr to step down as the Fed’s head of banking supervision to avoid clash with Trump
Michael Barr, vice chair for supervision at the US Federal Reserve, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Tuesday, March 28, 2023. Samuel Corum | Bloomberg | Getty Images The Federal Reserve’s top banking regulator will be stepping down next month, paving the way for President-elect […]
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Best balance transfer cards with 0% APR of January 2025
Discover APRs are accurate as of December 12, 2024 Credit cards have notoriously high interest rates, so carrying a balance can be costly. However, some cards offer a path to paying off debt quicker with an introductory 0% APR period. These cards offer no interest for up to 21 months, which can more than offset […]
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If interest rates remain ‘higher for longer,’ the winners are those with cash accounts
Key Points The Federal Reserve in December projected fewer interest rate cuts for 2025. Yields on high-yield savings accounts, money market funds, certificates of deposit and other cash-like accounts should benefit from this “higher for longer” rate environment. Source
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Biggest banks planning to sue the Federal Reserve over annual stress tests
A general view of the Federal Reserve Building in Washington, United States. Samuel Corum | Anadolu Agency | Getty Images The biggest banks are planning to sue the Federal Reserve over the annual bank stress tests, according to a person familiar with the matter. A lawsuit is expected this week and could come as soon […]
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Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge
Jason Wilk Source: Jason Wilk Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los […]
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CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Friday sued the operator of […]
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UniCredit raises stake in Commerzbank to 28% as Orcel ups ante on pursuit
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024. Emanuele Cremaschi | Getty Images News | Getty Images Italy’s UniCredit said on Wednesday it has raised its potential stake in Commerzbank to 28% using further derivatives, as markets watch whether it will take the leap with a buyout […]
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After taking morning profits, we’re afternoon buyers of 2 stocks in an oversold market
We’re buying 25 shares of Home Depot at roughly $407 each and 14 shares of Blackrock at roughly $1,041. Following Tuesday’s trades, Jim Cramer’s Charitable Trust will own 200 shares of HD, increasing its weighting to 2.25% from about 2%. The Trust portfolio, used by the CNBC Investing Club, will own 75 shares of BLK […]
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