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Trump’s Executive Orders Leave Imprint on the Fed
President Trump has so far restrained himself from trying to meddle with the Federal Reserve on matters related to monetary policy during…
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Banking and Financial Institutions
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Trump Media Is Moving Into the Financial Services Industry
President Trump’s social media company is moving to position itself as a financial services firm that will allow his supporters to put…
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Samuel Butler, Lawyer Who Helped Create Corporate Giants, Dies at 94
Samuel Butler, a Midwesterner who became a top figure of the Wall Street legal world, advising on transformative takeovers and leading…
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Fed Official Pushes Back on Pre-emptive Policy Moves
Federal Reserve officials wrapped up their final meeting of 2024 with splits surfacing over how many more interest rate cuts they should…
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Why Banks May Be Hoping You’re Not Paying Attention
The median American household has a combined balance of $10,000 in its checking and savings accounts, according to a census estimate. For…
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Trump Administration Fires Consumer Bureau Chief Rohit Chopra
The director of the Consumer Financial Protection Bureau, Rohit Chopra, was fired on Saturday, prematurely ending a five-year term that…
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Fed Meeting Live Updates: Interest Rates Remain Steady
The Federal Reserve left interest rates unchanged on Wednesday, as the central bank turned cautious on further cuts amid a sturdy economy…
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Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests
Howard Lutnick, the wealthy Wall Street executive whom President Trump has tapped to lead the Department of Commerce, detailed a complex…
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‘Debanking,’ and the Trump Diss Heard Around Davos
Good morning from Davos, Switzerland, on the final day of the World Economic Forum. The hottest chatter over the past 24 hours has been…
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Bank of Japan Raises Interest Rates to Highest Level Since 2008
In a number of ways, Japan’s economy seems to have gone back in time. Inflation and wage growth are mostly back where they were in the…
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Trump Lashes Out at Banks Over Treatment of Conservatives
President Trump took an unexpected swipe on Thursday at the big banks that have cheered his return to office, as he raised longstanding…
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Cookies, Cocktails and Mushrooms on the Menu as Justices Hear Bank Fraud Case
In a lively Supreme Court argument on Tuesday that included references to cookies, cocktails and toxic mushrooms, the justices tried to…
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Investing in Stocks and Bonds Will Be Trickier Under Trump
Financial markets have been choppy since the November election, and for good reason. With the next presidential administration promising…
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China’s Central Bank Stops Buying Bonds as Deflation Fears Grip Economy
In a striking sign of the Chinese economy’s stagnation, the central bank said on Friday that it had temporarily stopped buying government…
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Banks Are Racking Up Wins Even Before Trump Is Back in White House
Banks are on a winning streak, one that’s poised to intensify as President-elect Donald J. Trump takes office. Biden-appointed regulators…
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Rate-Cut Decision Was Narrow, Fed Minutes Show
Federal Reserve officials cut interest rates as expected last month. But minutes from their December meeting suggest that the decision was…
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C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages
A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made…
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Fed’s Vice Chair to Step Down From Role as Top Bank Supervisor
Michael Barr will step down from his role as the Federal Reserve’s vice chair for supervision by Feb. 28, or sooner if President-elect…