Sens. Booker, Warnock press big bank CEOs to pause overdraft fees after SVB failure
WASHINGTON — Sens. Cory Booker and Raphael Warnock have urged the CEOs of 10 major banks to waive overdraft and…
Junk fees cost consumers tens of billions annually, according to the White House
Fees on concert tickets, airfares, hotels and other so-called junk fees cost Americans tens of billions of dollars every year,…
House committee calls Fed, FDIC officials to testify in its first hearing on bank failures
WASHINGTON — The House Financial Services Committee on Friday announced its first hearing on the failures of Silicon Valley Bank…
Biden calls on Congress to tighten laws to claw back executive pay, levy penalties in bank failures
President Joe Biden called on Congress to give regulators more authority to claw back pay and penalize executives at distressed…
China would be among first paid under GOP debt limit plan, Treasury Secretary Yellen says
WASHINGTON — Treasury Secretary Janet Yellen said Thursday that China would be among the first in line to get paid…
U.S. inflation is likely ‘far stickier’ and could last a decade, Bill Smead says
U.S. inflation is likely to be “far stickier” and could last a decade, according to Bill Smead, chief investment officer…
‘That’s how capitalism works,’ Biden says of SVB, Signature Bank investors who lost money in failed banks
WASHINGTON — President Joe Biden sought to assure customers of Silicon Valley Bank and Signature Bank on Monday that their…
Sen. Warren urges Fed Chair Powell to recuse himself from review of Silicon Valley Bank collapse
WASHINGTON — Sen. Elizabeth Warren on Tuesday pushed Fed Chair Jerome Powell to remove himself from the central bank’s review…
OECD says global economic outlook ‘slightly better’ for 2023 but inflation risks linger
OECD Secretary-General Mathias Cormann said the global economic outlook is “slightly brighter” this year but inflation challenges remain. “The outlook…
Citing ‘death threats,’ Texas judge asked attorneys to keep news of hearing on legality of abortion pill quiet
Citing death threats and harassing phone calls, the federal judge who is presiding over a pivotal case that could decide…
