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Biden Announces Crackdown of Surprise Bank Overdraft Fees and Other ‘Junk' Charges
Biden also highlighted a number of other fees the administration plans to go after, which include resort fees, processing fees for concert tickets, and various fees charged by airlines.
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How to Earn More Money From Your Savings Now That Banks Are Raising Interest Rates
The Federal Reserve has raised its key interest rate five times this year, most recently on Wednesday, as part of its ongoing effort to slow the pace of inflation.
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This Man Robbed a Bank to Get His Own Money
Amid a financial crisis and the crashing of the national currency, people in Lebanon have limited ability to withdraw their own money from banks. Bassam al-Sheikh Hussein needed to withdraw money to pay his dad’s mounting medical bills — and wasn’t allowed. So he held up a bank in Beirut, starting a 7-hour standoff over his own savings. “If...
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Here's How You Can Prepare for Possible Aggressive, Quicker Rate Hikes From the Fed
As the Fed tries to pump the brakes on inflation, it will get more expensive to borrow. Here’s how to prepare.
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Amazon Renews Prime Credit Card Tie-Up With JPMorgan Chase After Flirting With American Express
Credit card deals with popular brands including Amazon, Costco and American Airlines are some of the most hotly contested contracts in the financial world.
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Goldman Sachs Is Buying Corporate Retirement Plan Robo-Advisor NextCapital
Goldman and rivals including Morgan Stanley and JPMorgan Chase have amped up their acquisitions in both fintech and asset management in recent years.
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Biden's Budget Makes No Mention of Student Loan Forgiveness
Millions of Americans waiting for news on the future of their student debt got no more information from Biden’s 2023 budget proposal.
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Morgan Stanley Will Launch an ETF Platform Later This Year, Memo Says
Morgan Stanley joining a growing industry on Wall Street and continuing its push into asset management with the launch of an exchange-traded fund platform.
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MLB Reaches a $125 Million Sponsorship Deal With Capital One
Capital One has become the “official bank and credit card partner” for Major League Baseball, according to an announcement Monday.
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Britain Will Reveal Crypto Regulation Plans in Coming Weeks, Sources Say
British Finance Minister Rishi Sunak is expected to announce a new regulatory regime for crypto in the coming weeks, sources tell CNBC.
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Obama's Former Education Secretary Is Calling on Biden to Cancel Student Debt
CNBC interviewed John King, who served as Education secretary in the Obama administration, about why he’s come to believe student loans must be forgiven.
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Boris Johnson Says Putin Has Crossed Red Line ‘Into Barbarism' as UK Slaps on More Sanctions
British Prime Minister Boris Johnson has said that Putin has crossed red line into barbarism as the U.K. announced more sanctions on Russia.
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Wall Street Bonuses Climb to Record $257,500 Per Worker Last Year, New York's Fiscal Chief Says
DiNapoli’s report highlights the outsized role Wall Street employees have in New York’s financial health.
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Tencent ‘Exploring' a Financial Holding Company for WeChat Pay If Chinese Regulators Require It
Chinese giant Tencent said it is exploring whether regulators will require it to create a financial holding company to house is fintech business.
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Watch UK Finance Minister Rishi Sunak's Budget Announcement
U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement.
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Ukrainian Refugee Flees to Poland With $2,000 in Bitcoin on a USB Drive
Nearly a quarter of Ukraine’s population has been forced from their homes in the last four weeks. Many have turned to cryptocurrency.
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Buying Your First Home? Here's What You Need to Know
People looking to buy a home for the first time face a steep learning curve. Here are some of the basics from experts in the field.
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Goldman Sachs, Galaxy Digital Announce Milestone Over-The-Counter Crypto Trade
That Goldman, a top player in markets for traditional assets, is involved is a signal of the increased maturity of the asset class for institutional players.
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She Lost Everything in a Fire. Then Her Bank Froze the Savings She Needed to Move on
Siraba Keita’s experience reflects a tension between banks, their customers and creditors looking to collect on old debts.
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St. Louis Fed's Bullard Says the Central Bank Should Raise Rates Above 3% This Year
Bullard said in a statement that he would like to see the central bank’s benchmark interest rate boosted above 3% from the near-0% level where it had stood.