Sign in Subscribe

banking

Mortgage Rates Steady as Fed Holds, Despite Global Tensions

Mortgage Rates Steady as Fed Holds, Despite Global Tensions

The Federal Reserve’s decision Wednesday to keep its benchmark interest rate steady is unlikely to budge mortgage rates for a couple of reasons. For starters, the Fed’s latest decision was about as surprising as your picky eater ordering chicken tenders off the kids’ menu. Mortgage markets saw it

UBS first-quarter profits jump 80% on investment banking

UBS first-quarter profits jump 80% on investment banking

Swiss banking giant UBS on Wednesday reported that net profit rose a better-than-expected 80 percent to $3 billion in the first quarter, lifted by its investment banking arm. Revenue climbed 13 percent from the same period last year to $14.2 billion despite "a volatile and unpredictable

Convenience store advocate: Swipe fee ruling is 'one step' in the process

*The Center Square) – The federal government has moved to partially block an Illinois law banning electronic processing fees on the tax and tip portions of credit and debit card transactions, but President Donald Trump or federal courts could overrule the Office of the Comptroller of the Currency. The OCC ruled

Mortgage Rates Idle While Spring Homebuying Season Stalls

Mortgage Rates Idle While Spring Homebuying Season Stalls

Mortgage interest rates edged modestly lower this week as the Iran ceasefire was extended. Day-to-day we've seen rates rise and fall, but the moves have been small enough that rates are more or less stable. The average rate on a 30-year fixed-rate mortgage fell

UniCredit woos Commerzbank shareholders in takeover battle

UniCredit woos Commerzbank shareholders in takeover battle

Italian bank UniCredit wooed shareholders in Germany's Commerzbank with promises of higher returns on Monday in moves the German bank dismissed as "hostile tactics" and "misleading characterisations". Milan-based UniCredit made its latest appeal to Commerzbank shareholders with promises of higher returns, part of

How to Save Money With Credit Cards When Prices Are High

How to Save Money With Credit Cards When Prices Are High

With annual inflation up to 3.3% in March 2026 largely due to gas prices, consumers are feeling pinched — and pessimistic. According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations (also from March), 35.9% of households are expecting a worse financial situation a year

US bank profits jump as execs see consumers surviving oil spike, for now

US bank profits jump as execs see consumers surviving oil spike, for now

Large banks reported higher profits Tuesday, pointing to resilience among US businesses and customers despite spiking oil prices from the Middle East war. JPMorgan Chase notched gains across leading consumer and investment bank categories. CEO Jamie Dimon described the US economy as still healthy but facing an "increasingly complex