Consumer Financial Services (TRBC)

As businesses hold back, U.S. consumers seen boosting big banks’ profits

As businesses hold back, U.S. consumers seen boosting big banks’ profits

Published 13/01/2020

NEW YORK (Reuters) - Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in [more…]

UK watchdog proposes overhaul of cash savings products

UK watchdog proposes overhaul of cash savings products

Published 09/01/2020

LONDON (Reuters) - Britain’s markets watchdog proposed on Thursday a single interest rate for cash savings products, a move it says would bump up interest [more…]

YOUR MONEY – Don’t die yet: new U.S. law will muddle estate plans

YOUR MONEY – Don’t die yet: new U.S. law will muddle estate plans

Published 17/12/2019

NEW YORK (Reuters) - It is not often that a spending bill in Congress will make regular Americans run to their financial planners for emergency [more…]

U.S. Supreme Court takes up Trump bid to shield financial records

U.S. Supreme Court takes up Trump bid to shield financial records

Published 15/12/2019

WASHINGTON (Reuters) - The U.S. Supreme Court on Friday agreed to hear President Donald Trump’s appeals in three separate cases to prevent his financial records, [more…]

YOUR MONEY: Year-end money moves for your ETFs

YOUR MONEY: Year-end money moves for your ETFs

Published 13/12/2019

NEW YORK (Reuters) - Tax-loss harvesting is all about finding losers in your investment portfolio to offset winners so you pay less tax. That is [more…]

U.S. banking regulators unveil proposal to update low-income lending standards

U.S. banking regulators unveil proposal to update low-income lending standards

Published 12/12/2019

WASHINGTON (Reuters) - Two U.S. banking regulators unveiled a proposed overhaul to community lending standards on Thursday, kicking off a contentious policy fight over the [more…]

Capital One is a banking-peer bargain, even with recent gains: Barron’s

Capital One is a banking-peer bargain, even with recent gains: Barron’s

Published 08/12/2019

NEW YORK (Reuters) - Shares of Capital One Financial Corp (COF.N) could climb significantly if investors look beyond its well-known credit card arm to see [more…]

U.S. Justice Ginsburg puts temporary hold on Trump financial records dispute

U.S. Justice Ginsburg puts temporary hold on Trump financial records dispute

Published 07/12/2019

WASHINGTON (Reuters) - U.S. Supreme Court Justice Ruth Bader Ginsburg on Friday put a temporary hold on a court ruling that would require records held [more…]

U.S. banking regulators urge ‘responsible use’ of alternative lending data

U.S. banking regulators urge ‘responsible use’ of alternative lending data

Published 04/12/2019

WASHINGTON (Reuters) - U.S. banking regulators said on Tuesday that lenders must have robust compliance tools in place to ensure “responsible use” of non-traditional sources [more…]

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

U.S. consumer watchdog proposes exemptions for banks, credit unions on remittances

Published 03/12/2019

WASHINGTON (Reuters) - The U.S. consumer watchdog on Tuesday proposed making permanent an exemption that allows certain banks and credit unions to estimate the international [more…]