Interest Rates

Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program

Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
Report: JPMorgan Chase Faces Lawsuit Aimed at Cash Sweep Program
August 26, 2024  |  Legal & Regulation

JPMorgan Chase is reportedly facing a lawsuit that alleges that the bank paid “unreasonably” low interest rates on accounts used in its cash sweep program....

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M&A Activity Stays Cool as Interest Rates Remain High
M&A Activity Stays Cool as Interest Rates Remain High
August 25, 2024  |  Partnerships

Merger and acquisitions (M&A) activity remained slow during the second quarter of the year. Get the Full Story Complete the form to unlock this article...

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Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
Initial Unemployment Claims Rise, Boosting Expectations of Rate Cut
August 22, 2024  |  Economy

The number of initial claims for unemployment insurance increased by 4,000 during the week ended Saturday (Aug. 17), suggesting a cooling of the labor market...

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Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
Consumers Paid the Price for Overstated Job Growth That Kept Interest Rates Too High
August 21, 2024  |  Economy

A downward revision to previously released job market data might be enough to spur interest rate cuts. Get the Full Story Complete the form to...

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Regional Banks Pursue Mergers and Acquisitions to Enhance Competitiveness
Regional Banks Pursue Mergers and Acquisitions to Enhance Competitiveness
August 19, 2024  |  Partnerships

Regional banks in the United States are reportedly actively pursuing mergers and acquisitions to strengthen their balance sheets and enhance their competitiveness in the face...

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Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?
Inflation Is Down. Will Paycheck-to-Paycheck Consumers Notice?
August 14, 2024  |  Economy

Inflation is at a multiyear low, according to July’s Consumer Price Index from the U.S. Department of Labor. Get the Full Story Complete the form...

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BofA CEO: Consumers Could Sour Without Interest Rate Cuts
BofA CEO: Consumers Could Sour Without Interest Rate Cuts
August 11, 2024  |  Consumer Finance

American consumers could become disheartened if the Federal Reserve doesn’t cut interest rates soon. Get the Full Story Complete the form to unlock this article...

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Fed Governor: Inflation Still at ‘Uncomfortable’ Level
Fed Governor: Inflation Still at ‘Uncomfortable’ Level
August 11, 2024  |  Economy

Despite some progress, Federal Reserve Governor Michelle Bowman says inflation remains “uncomfortably above” 2%. Get the Full Story Complete the form to unlock this article...

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