Federal Reserve cuts its key interest rate by a quarter-point amid postelection uncertainty
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Showing only topics with the tag "banks".
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Norway's $1.8 trillion wealth fund issues stock market warning – heightened uncertainty and concerns over the economic outlook mean that stock market risks are tilted to the downside
9 votes -
Donald Trump and the Joe Biden White House both say the United States should have a sovereign wealth fund – Norway, home to the world's largest, may offer a few lessons
21 votes -
Brazil's top court says X paid pending fines to wrong bank
21 votes -
New titans of Wall Street: How trading firms stole a march on big banks
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Russian banks say yuan coffers empty, urge central bank action, while Chinese banks in Russia are avoiding currency trading for fear of secondary Western sanctions
21 votes -
Dow Jones drops 864 points, and Japanese stocks suffer worst crash since 1987 amid US economy worries
50 votes -
Japanese stocks rebound after global sell-off; US futures edge up
19 votes -
US Consumer Financial Protection Bureau takes action against Fifth Third Bank for wrongfully triggering auto repossessions and opening fake bank accounts
20 votes -
All Santander staff and 'thirty million' customers in Spain, Chile and Uruguay hacked
22 votes -
Europe’s banks find breaking up with Russia is hard to do
10 votes -
Vast coin collection of Danish butter magnate L.E. Bruun is set to finally go on sale a century after his death, and could fetch up to $72 million
11 votes -
The US Federal Reserve fears a bond meltdown
6 votes -
Japan intervenes after Yen slides against the Dollar
20 votes -
US Federal Reserve official lamented how “bashing the Fed is a bipartisan sport”
6 votes -
Rents are the Federal Reserve’s ‘biggest stumbling block’ in taming US inflation
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There used to be a people’s bank at the US Post Office
37 votes -
To make sure grandmas like his don't get conned, he scams the scammers
25 votes -
Kansas bank collapse due to executive caught in pig butchering investment scam from Asia
32 votes -
Bank of Canada says the country faces a productivity 'emergency'
17 votes -
US Federal Reserve’s Jerome Powell ready to support job market, even if it means lingering inflation
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Why the 2% inflation target?
29 votes -
Surprising detail in New York bank records helped a historian bust a longstanding myth about Irish immigrants
15 votes -
Millennium trader scored $40 million windfall in Egypt FX plunge
4 votes -
Is private equity actually worth it?
18 votes -
Why small developers are getting squeezed out of the housing market
18 votes -
ETF approval for bitcoin – the naked emperor’s new clothes [European Central Bank criticises US securities regulator for approving a Bitcoin ETF]
20 votes -
Capital One to buy Discover Financial in $35.3 billion all-stock deal
32 votes -
Bad property debt exceeds reserves at largest US banks
23 votes -
As Bitcoin rallies, banks are pushing US regulators to change crypto guidance
8 votes -
‘Fish Bandit’ arrested for taping fish to ATMs
37 votes -
‘No cash accepted’ signs are bad news for millions of unbanked Americans
55 votes -
New US bank-overdraft fee limits to go into effect
41 votes -
TIL: Don't use your points directly on Amazon
Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the...
Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the value. Redeeming 26,345 points at Amazon yields $210.76. Redeeming 26,345 points on the Chase website (for an Amazon gift card) yields $263.45.
The Chase Amazon Prime Visa does give 100% of value directly on Amazon's site.
30 votes -
US markets get ready for risk-free Federal Reserve arbitrage trade to expire
4 votes -
Easy money [exploring the effects of low central bank interest rates]
7 votes -
What is the importance of management jobs when applying for bank products?
I live in the EU. I recently applied for a credit card, and the banker asked me (about my job): "Is it a management role?" I realized that it is a question I have been asked several times in the...
I live in the EU. I recently applied for a credit card, and the banker asked me (about my job): "Is it a management role?"
I realized that it is a question I have been asked several times in the past by banks. I tried a cursory google & Reddit search, but I haven't found anyone being curious about this.
I'll try here then. Does anyone know why bankers ask this question? How does it matter? Are "individual contributors" seen as worse/riskier customers than managers?
I have my own informal, anecdotal opinion, but I'm hoping to hear some more informed answer.
26 votes -
Denmark set to withdraw the 1,000 kroner note, its largest denomination, from circulation by May 2025 – just 10% of payments in stores are made in cash
26 votes -
Why banks are suddenly closing down customer accounts
28 votes -
Payments app Zelle begins refunds for imposter scams after Washington pressure
13 votes -
Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value
10 votes -
Fraud, abuse, fingerprinting, privacy, and openness – Why my bank is fingerprinting me and why that's fine
4 votes -
Europe's single currency, used daily by about 350 million people, has become a hot topic in an unlikely place – Sweden
12 votes -
Federal Reserve to propose lowering US debit-card swipe fees
8 votes -
Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’
24 votes -
An oral history of Bank Python
15 votes -
Judge rules against banks' request to seal documents in upcoming New York Donald Trump case. Records will be public with very specific exceptions for privacy.
24 votes -
America's obsession with weight-loss drugs is affecting the economy of Denmark – Novo Nordisk's market capitalization has matched the GDP of its home country
17 votes -
Australian petition against bank actions cutting branch locations and restricting access to cash gains more than 120,000 signatures
12 votes -
The biggest bank heist in history (and why you've never heard of it)
7 votes