ECB Cuts Interest Rates to Counter Threat From Trump Tariffs
The bank cut by a quarter point to cushion Europe's flagging economy from Trump's trade war.
Fed officials still resisting pressure to cut interest rates after Trump calls for Powell's 'termination'
New York Fed President John Williams pushed back on calls from President Donald Trump and others for a quick interest-rate cut, saying the Federal Reserve's benchmark rate was in a good place for the time being.
Philadelphia Fed names Anna Paulson as new president
The Philadelphia Federal Reserve on Thursday named Anna Paulson as its next president in a move that appears to cement the regional bank's reputation as a middle-of-the road voice in Fed deliberations on monetary policy.
American Express customers are 'eating out and enjoying life' as spending grows 6%
Amex's CEO said that recent metrics are "in many cases better than what we saw in 2024."
Charles Schwab Stock Rises. Earnings Beat Wall Street's Estimates.
The company's earnings and revenue topped Wall Street expectations, and core net new assets grew at a 5.5% annualized rate.
Global Payments to Acquire Worldpay for $24.25 Billion
Global Payments has agreed to acquire Worldpay for $24.25 billion from Fidelity National Information Services and private equity firm GTCR, and divest its issuer solutions business to Fidelity for $13.5 billion.
Trump Lashes Out at Powell, Says 'Termination Cannot Come Fast Enough'
The central bank leader had warned Wednesday that the Fed could face a difficult trade-off as tariffs raise prices and weaken the economy.
Castlelake to Invest Up to $2 Billion in Mortgages With Invictus Capital
The asset-based investor aims to gain from "attractive pricing" of the assets as well as an expanding market.
Today's Hot Banking Business Is Lending to Lenders
Facing weak growth in lending, many large banks are making more loans through their trading desks to hedge funds, credit funds and other nonbank financial companies.
Financial Services Roundup: Market Talk
Find insight on Santander, Bank of Queensland and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
April 17, 2025 11:00 ET (15:00 GMT)
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