Bloomberg
BofA's Moynihan on Strategy in Japan, Economy and Hiring
Bank of America Chair and CEO Brian Moynihan discusses the bank's business strategy in Japan, current macroeconomic conditions and BofA's hiring plans on "The Asia Trade."
Bloomberg
Fed's Jefferson Says Economy Strong, Policy Can Take Time
Federal Reserve Vice Chair Philip Jefferson says a strong economy allows policymakers to take their time before considering any additional cuts to interest rates during remarks at an event at Vassar College in Poughkeepsie, New York.
Curated Video
Congress is taking another bipartisan look at whether to cap credit card interest rates
There's a bipartisan debate underway in Congress to potentially cap credit card interest rates — and it involves an unlikely pair of lawmakers. (Scripps News)
Curated Video
Biden administration approves overdraft limits angering banks
The Biden administration is placing new rules on banks that would severely restrict how much they can charge on overdrafts. (Scripps News)
Bloomberg
Klarna CEO Says AI Is Replacing Workers
Klarna CEO Sebastian Siemiatkowski says AI has shown across-the-board benefits as he eyes an expansion into US banking under a new Trump administration. He says AI has helped the company replace hundreds of jobs. He joins Caroline Hyde...
Curated Video
More than a quarter of Americans plan to take on gift shopping debt ahead of Christmas
This holiday shopping season is causing many Americans to pile on debt as they hit stores in droves. (Scripps News)
Curated Video
Senate judiciary committee hearing looks at the burden of credit card costs
Executives from Visa and Mastercard were questioned about high credit card swipe fees on Tuesday by members of the Senate Judiciary Committee in Washington. (Scripps News)
Curated Video
New report finds Americans owe more than a trillion dollars on credit cards
Credit card debt is on the rise in the U.S., but new data shows that consumers are doing a better job of paying off those bills on time. (Scripps News)
Curated Video
To credit card or not: The college dilemma for parents
A recent WalletHub report shows the average credit card balance for college students is about $2,000. Experts say there is a right and a wrong way to grow your child's credit history. (Scripps News)
Curated Video
Do women spend more than men? Untangling gender-based money myths
Myths surrounding women and money can often propel the falsehoods even further. Here are some common misconceptions debunked.
Curated Video
Biden administration announces $8 cap on credit card late fees
The Consumer Financial Protection Bureau estimates banks make about $14 billion a year in credit card late fees, with the average fee at $32.
Bloomberg
Optimal Capital Advisors' Stacy on US Markets
Frances Stacy, director of strategy at Optimal Capital Advisors, discusses her outlook and investment strategies for US markets. She speaks with Bloomberg's Shery Ahn on "Bloomberg Daybreak: Australia."
Bloomberg
Millennials and Gen Z Drive Growth for Amex
"Millennial and Gen Z consumers continue to be the fastest-growing portion of our cardmember base," American Express CEO Steve Squeri told analysts on a conference call. Amex says business customers are spending less. Alix Steel and Guy...
Bloomberg
What Apollo's Slok Sees as the Biggest Economic Risks
Apollo Global Management Chief Economist Torsten Slok outlines what he sees as the top ten downside risks facing the US economy. He speaks on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis,...
Bloomberg
Wells Fargo CFO: Economy Slowing, Banks in Good Shape
Wells Fargo CFO Mike Santomassimo discusses the bank's third-quarter earnings and the regulatory environment with Scarlet Fu and Romaine Bostick on "Bloomberg Markets: The Close."
Follow Bloomberg for business news & analysis,...
Bloomberg
US Consumer Confidence Slides to 103 in September
US consumer confidence declined to 103 this month from an upwardly revised 108.7 in August, slumping to a four-month low. Dana Peterson, chief economist at The Conference Board, examines the data on "Bloomberg Markets."
Bloomberg
Apollo's Slok Sees No More Fed Hikes Despite Hot CPI Report
Apollo Partner and Chief Economist Torsten Slok says the Federal Reserve might need to "step a little bit harder on the brakes," but doesn't expect the central bank to raise interest rates to tame an uptick in core inflation. "I don't...
Bloomberg
Citizens CEO on US Economy, SEC Proposals, Bank Mergers
Citizens Financial Group CEO Bruce Van Saun says US consumers are in good shape and the Federal Reserve has probably done enough. Speaking with Alix Steel and Guy Johnson on "Bloomberg Markets," Van Saun also comments on the recent bank...
Bloomberg
Conference Board's Peterson Warns About Consumer Debt
"Consumers are not really focused that much on the future as much as they should be," Conference Board Chief Economist Dana Peterson says. Speaking with Tom Keene and Kailey Leinz on "Bloomberg Surveillance," Peterson also says she sees...
Bloomberg
Macy's CEO Sees Headwinds Growing for Retailer
Macy's Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases. Shares plunged in early trading. Bloomberg's Caroline Hyde spoke to CEO...
Bloomberg
DBS Profit Tops Estimates as Rate Hikes Boost Margins
DBS Group Holdings Ltd. has joined global peers in reaping profit from higher interest rates. The bank's second quarter earnings topped estimates while it also sees higher margins in the second half. Bloomberg Intelligence's Sarah Jane...
Bloomberg
Affirm a Transparent Alternative to Credit Cards: CEO Levchin
Affirm CEO Max Levchin and Bloomberg's Sonali Basak discuss the state of financial technology and the health of the consumer. They speak with Ed Ludlow on "Bloomberg Technology."
Bloomberg
Mastercard Spending Rises More Than Expected
Mastercard's purchase volume on the firm's cards jumped 13.5% to $1.84 trillion, which beat the $1.83 trillion average of analysts' estimates compiled by Bloomberg. Jennifer Surane has more on "Bloomberg Markets."
Follow Bloomberg for...
Bloomberg
Amex Courts Bargain Stores in Hunt for Overseas Appeal
After successfully courting five-star hotels, international airlines and luxury tourist destinations all over the world, Amex is now looking downmarket in its mission to expand its card acceptance. American Express Group President of...