Fed Seen Sticking With Three 2024 Cuts Despite Higher Inflation
A recent pickup in inflation isn’t likely to shift Federal Reserve policymakers’ forecasts for three interest-rate cuts this year and four in 2025, according to...
Treasury yields fall as traders assess prospects of future Fed rate cuts
The 10-year U.S. Treasury yield retreated on Tuesday as traders continued to assess the prospect of future rate cuts from the Federal Reserve. The yield...
Fitch warns it may be forced to downgrade dozens of banks
A Fitch Ratings analyst warned that the U.S. banking industry has inched closer to another source of turbulence — the risk of sweeping rating downgrades...
Bank of America fined for consumer abuses, fake accounts, bogus fees
A man walks past an ATM outside Bank of America Corp. headquarters in Charlotte, North Carolina, May 2, 2016. Chris Keane | Bloomberg | Getty...
Stock market today: Live updates
Stocks rose Friday after a volatile trading session. Although Friday began with fears that the banking crisis was spilling over to Deutsche Bank, the markets...
First Republic loses a third of its value amid reports it’s considering a sale
First Republic Bank’s stock rose Thursday after steep losses earlier in the day, following reports that the nation’s largest banks are in talks to provide...
First Republic drops, bank stocks decline
Financial stocks under pressure The declines came despite Sunday’s news that the Federal Reserve created a new Bank Term Funding Program that will offer loans...
10-year Treasury yield briefly hits highest level since November
U.S. Treasury yields were little changed on Tuesday to cap off a month of sharp gains, as traders weighed the prospects of tighter for longer...
Wells Fargo, once the No. 1 mortgage player, steps back from business
Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates. Instead of its...
Dow tumbles more than 800 points, heads for biggest decline in 3 months
Stocks fell sharply Thursday after new data showed retail sales fell more than expected in November, raising fears that the Federal Reserve’s relentless interest rate...