Trump tariffs spook markets, but investor confidence grows
The looming initial public offering from Swedish payments firm Klarna comes in the foreground of tariff uncertainties and inflationary pressures.
Fed’s Kugler watches pickup in prices, inflation expectations
Federal Reserve Gov. Adriana Kugler expressed support for holding interest rates steady for “some time,” while highlighting a move up in some measures of Americans’ inflation expectations.
The next great investment boom in America isn’t where you think it is
The United States is reindustrializing, with a focus on manufacturing and advanced production. For investors willing to move beyond conventional narratives, these sectors offer substantial growth potential, fueled by both policy support and private sector demand.
HSBC CEO targets Asia, Middle East growth after revamp
Georges Elhedery aims to double down on HSBC’s investment-banking operations in Asia and the Middle East after exiting key businesses in the U.S. and Europe.
Banks face fewer proxy battles in new political climate
The number of shareholder proposals appearing in banks’ proxy statements is down significantly this year, due to Trump-era regulatory changes and new concerns about political blowback.
Credit unions’ reliance on overdraft fees comes into focus
Americans spent 49% more on overdraft-related fees in 2023 than previously estimated, according to new research, which finds that credit unions were largely responsible for the previously uncounted revenue.
CFPB has 30 days to settle $8 credit card late fee lawsuit
The Consumer Financial Protection Bureau said it is “optimistic” that a lawsuit challenging the $8 credit card late fee rule can be resolved. The late fee rule is expected to be rescinded by the Trump administration.
OCC to explore alternative credit metrics
Acting Comptroller Rodney Hood discussed using fintech to evaluate self-employed borrowers’ creditworthiness, saying alternative credit models could promote financial inclusion.
Fed’s Barr suggests lending protections for small businesses
In a speech, the Federal Reserve governor called for policies that would impose Truth In Lending-like disclosure requirements on lenders’ products that cater to small businesses.
Trump’s plan for big changes at the SBA draws mixed reviews
The Trump administration wants the Small Business Administration to shrink its workforce by 43%. At the same time, the agency is being asked to start managing the federal government’s student loan portfolio.