Fed chair says central bank ‘can afford to be a little more cautious’ in cutting rates
Federal Reserve Chairman Jerome Powell said Wednesday that the economy is stronger than it was in September, when the central bank began cutting interest rates, and that policymakers may be wary of cutting rates further. “We can afford to be a little more cautious as we strive for neutrality,” Powell said at a New York […]
Commonwealth Bank backs down on $3 cash withdrawal fee after major backlash – Daily Mail
Written by Brett Lackey, Daily Mail Australia Release date: December 3, 2024, 19:37 ET | Update date: 23:09 EST, December 3, 2024 Commonwealth Bank has suspended $3 cash withdrawal fees for some customers after a backlash from Australians who vowed to close their accounts in protest. Australia's biggest bank has been accused of being “out […]
Judge tears into parolee bank robber who choked 81-year-old woman during $205 NYC heist
A federal judge on Tuesday threw a book at a man who threatened to choke and kill an 81-year-old woman after a serial bank robber who was already on parole in a “disturbing” robbery in Queens. Gerald Delos, 55, was sentenced to 15 years in federal prison for the April 6, 2023 robbery of Ridgewood […]
Deutsche Bank bets on CVS recovery, upgrades stock to buy – CNBC
Deutsche Bank said CVS is ready for a comeback after a tough 2024. The bank upgraded the pharmacy stock to buy from hold and reiterated its $66 per share target. Deutsche Bank's forecast suggests a rise of about 12% from Monday's close. Analyst George Hill said CVS' earnings and multiples are likely near rock bottom, […]
Hamas attacker opens fire at Israeli bus in West Bank, injuring at least 8: report
A gunman suspected of belonging to the Palestinian terrorist organization Hamas opened fire on an Israeli bus in the West Bank on Friday, wounding eight people, including four soldiers, according to reports. The incident near the Ariel settlement ended with Israeli forces killing the assailant, identified by Hamas as 46-year-old Samer Hussein. “As a result […]
Russia's ruble is still worth less than a penny, and the Kremlin's piggy bank for propping it up is running low – Fortune
The ruble has bounced back from its lows earlier in the week after the central bank halted all foreign currency purchases for the rest of the year, but remains in tatters and with dwindling resources to prevent further collapse. On Friday, the central bank set the official rate at about $108 to the dollar. That's […]
Chicago-area police officer killed while responding to ‘armed offender’ at bank
A Chicago-area police officer was seen leaving a bank and was shot and killed while responding to a “call regarding an armed criminal,” officials said. Friday's killing of Oak Park Police Detective Alan Reddins, 40, “marks the Oak Park Police Department's first death in the line of duty since 1938,” the village said in a […]
TD Bank taps HSBC Canada's former chief compliance officer, sources say – Yahoo Finance
Written by Nivedita Bal TORONTO (Reuters) – TD Bank has hired Georgia Stavridis from Royal Bank of Canada to the newly created role of vice president of financial crime risk management, three people familiar with the matter told Reuters. spoke. She was appointed chief compliance officer at HSBC Bank of Canada in 2020 and moved […]
Democrats sound alarm on West Bank under Trump administration
House Democrats are sounding early warnings that a second Trump administration will lead to major violations of Palestinian rights and undermine efforts to bring peace to the volatile Middle East. Lawmakers believe that President-elect Trump's staunchly pro-Israel sensibilities and cozy relationship with Israeli Prime Minister Benjamin Netanyahu not only pave the way for Israel's annexation […]
Cloned customer voice beats bank security checks – BBC.com
BBC Can banks tell the difference between a real Shari Var and a clone? Artificial intelligence can replicate the human voice so well that it is almost indistinguishable from the real thing. But how do you deal with voice recognition technology that is supposed to protect people's bank accounts? As part of the BBC's Scam […]