Fed projects one rate cut this year as Powell vows to stay on until DOJ investigation is finished
WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted…
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago,…
Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling
LONDON, Feb 24 (Reuters) – Citigroup’s hedge fund clients sold the dollar around Friday’s U.S. Supreme Court ruling…
China moves to curb auto price wars after sales sink
HONG KONG (AP) — China moved on Thursday to curb a fierce price war among automakers that has…
China expands oversight of major banks amid property sector risks
China has expanded its list of domestic systemically important banks (D-SIBs) – institutions subject to tighter regulatory standards…
As Trump’s deadline for a cap on credit card rates looms, banks have only questions and no answers
NEW YORK (AP) — President Donald Trump a week ago told the credit card industry it had until…
Banks Say U.S. Consumers Remain Resilient Despite Economic Pressures
Bank of America expects further economic growth this year. – Michael Bucher/WSJ American consumers continued to spend and…
Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds
WASHINGTON (AP) — The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome…
Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7 billion consumer brands deal
Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a…
Wall Streeters poised to get record bonuses in 2025: New York State comptroller
Wall Street bankers are set to rake in record bonuses this year, according to a new report from…