President Donald Trump's criticism of Federal Reserve Chairman Jerome Powell seems to have eased as the central bank has indicated it will pause interest-rate increases. Trump is focusing on the battle over the partial government shutdown, which analysts say will likely hurt the economy more than previously thought.
A growing number of small-business owners are turning to alternative lenders for their working capital needs. A study by Credibly found that 62.5% did not seek a traditional loan first, with 32.2% of respondents saying their biggest issue is the length of time to receive funding from a bank.
More consolidation is likely among the nation's 6,000 banks, Bank of America CEO Brian Moynihan said. BofA was created through a series of acquisitions, he noted, adding that a new competitor could emerge in a similar process.
The Federal Housing Finance Agency will not defend a court challenge to its single-director structure, said acting Director Joseph Otting. The Consumer Financial Protection Bureau has faced a similar court challenge.
TD Bank's tagline for its new advertising campaign, "Unexpectedly Human," aims to show consumers that banks are not all stuffy and rigid. The campaign, which includes a dancing banker and a middle-aged "Rollerblade King," makes use of videos, social media and billboards in New York City, Philadelphia, Boston and Washington, DC.
Sen. John Thune, R-S.D., and Sen. Edward Markey, D-Mass., are reintroducing a bill that will address sales robocalls and robocall scams, and fine companies that violate the law up to $10,000 per call. The bill calls for relevant agencies, such as the Department of Justice, FCC and Federal Trade Commission, to work together to address the calls and increase criminal prosecution.
Office politics are often associated with negative connotations, but should really be viewed in a positive light as a way to get the best results, psychologist Karlyn Borysenko points out. She outlines five principles of using office politics for good in the workplace, including learning how to build relationships and becoming a master at compromising.
China's GDP rose by 6.6% in 2018, the slowest expansion in nearly three decades, the government said. Factory activity, retail spending and investment all declined, the National Bureau of Statistics said.
Sensitive personal information on thousands of financial adviser clients was inadvertently posted to BlackRock's website. The data were taken off the website Friday after Bloomberg spotted them.
Bank stocks last week posted their best five-day gains since the 2016 presidential election. The KBW Nasdaq Bank index rose 7.7%, regaining a large portion of the losses felt during the fourth quarter of last year.
- Page 1