Europe's Top Central Banks Take Different Tacks on Inflation
The Bank of England became the first major central bank to raise its benchmark interest rate since the start of the pandemic, while the ECB said it would phase out an emergency bond purchase program while stepping up other stimulus measures.
YOLO Bets, Deconstructed
If you really think an investment like bitcoin or AMC is heading for the moon, the rational decision might be to own less, not more.
H&R Block Sues Block, Formerly Square, for Trademark Infringement
Square changed its name to Block earlier this month, a nod to CEO Jack Dorsey’s blockchain ambitions.
Consumer Financial Protection Bureau Probing 'Buy Now, Pay Later' Companies, Including Affirm, Klarna
The Office of Consumer Affairs is researching information on the $ 55 billion installment plan industry, popular with online merchants.
U.K. Fines Fund Manager Who Invested in Greensill Loans
The Financial Conduct Authority fined Swiss asset manager GAM Holding and one of its former star bond fund managers for conflicts of interest, resolving a long-standing case.
Turkey's Currency Crisis Escalates After Central Bank Cuts Rates
Turkey’s central bank has bowed to political pressure to cut interest rates, defying soaring inflation and exacerbating a currency crisis that has weighed on the economy.
How Banks Win When Interest Rates Rise
For the nation’s largest banks, even a small hike in the Fed’s benchmark rate could generate billions of dollars in revenue. But don’t expect deposit rates to change.
Dashing Fed's Hopes, Low Unemployment Becomes an Inflation Threat
With millions of workers absent from the labor market, vacancies and unsuitable workers, and continued strong demand, the Fed is now worried about a wage-price spiral.
Financial Services Roundup: Market Talk
The latest market discussions covering financial services
There Are Scarier Things Than a Hawkish Fed
The Federal Reserve could make a mistake by tightening up too aggressively, but the worst would be a Covid-19 outbreak that takes the crunch off the table.
(END) Dow Jones Newswires
12-17-21 0015ET
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