This isn’t ‘some brink’ for the U.S. consumer despite concerning economic data, says TCW

A resilient consumer isn’t likely to turn into a wrecking ball for the U.S. economy, according to Peter Van Gelderen at TCW. Read More

Bank of America Just Told Us Something Important About Consumer Spending

Its net charge-offs and delinquencies have risen for several quarters in a row. Here's what the bank expects for the rest of 2024. Read More

Fed’s bank-capital plan needs substantive changes

WASHINGTON: US Federal Reserve (Fed) governor Michelle Bowman said the central bank’s controversial proposal to boost lenders’ capital needs “substantive changes” and the Fed should seek ... Read More

Why the FDIC's Consumer Compliance Supervisory Highlights Should Be on Your Reading List

Similar to the Consumer Financial Protection Bureau’s Supervisory Highlights, the Federal Deposit Insurance Corporation (FDIC)’s Consumer Compliance Supervisory Highlights should be on your reading ... Read More

Fed's Commercial Banking Report Shows Economic Headwinds, But Deposit Growth Bucks Trend

Commercial banks saw relief with rising deposits and declining external borrowings in the first quarter. Click here for a detailed analysis. Read More

Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won't Affect Decision

materially change the overall picture ... according to the central bank’s preferred measure, though that was down sharply from its peak of 7.1%. Yet if Fed officials wait too long to reduce ... Read More

Canada's budget unveils steps for open banking and domestic investment

Michel Leduc, senior managing director and global head of public affairs for the Canada Pension Plan Investment Board, endorsed the budget's approach and the choice of Poloz. He emphasized the ... Read More

Consumer Goods News

Showcase your company news with guaranteed exposure both in print and online The annual Columbus Opportunity Summit will focus on the resurgence of manufacturing in the state… Gather your ... Read More

Explainer: What open banking means for Canada's saturated banking market

Canada, a laggard in open banking concept, announced new measures that could allow consumers' financial data to be shared, a move that could encourage innovation, competition and make it simpler to ... Read More

Best High-Yield Savings Accounts: Earn More from Your Savings in 2024

The bank has stopped making consumer installment loans ... savings accounts closely follow the federal funds rate. This means rates are variable and can change several times per year at the ... Read More

Live news: Greece will not send air defence systems to Ukraine despite EU pressure

Prime Minister Kyriakos Mitsotakis said Greece will not send Patriots and S-300s to Ukraine, despite pressure from EU and Nato allies to provide more air defence systems to Kyiv. Read More

What open banking means for Canada's saturated banking market

Canada, a laggard in open banking concept, announced new measures that could allow consumers' financial data to be shared, a move that could encourage innovation, competition and make it simpler to ... Read More