Bank of America, others hit by ACH-related deposit delays
Today, an Automated Clearing House (ACH) issue led to deposit delays across several major banks, including Bank of America, Chase,...
Economy
US accounting giant to lay off more of its workforce
FIRST ON FOX — Grant Thornton LLP is laying off 200 people, its second round of layoffs in the past...
Credit is getting tighter, and it’s only a matter of time before it chokes growth, economist says
The numbers: Banks continued to tighten standards for business loans in the third quarter, according to a survey of loan...
Three job signals to console the Fed, and a yellow flag
By Howard Schneider WASHINGTON (Reuters) - The October jobs report likely was a relief to Federal Reserve officials who hope...
Analysis-Traders bet ECB will be first big central bank to cut rates
By Yoruk Bahceli (Reuters) - Financial markets are ramping up expectations for interest rate cuts from the European Central Bank,...
Starbucks raising wages at least 3% starting Jan. 1
Starbucks announced Monday that it is raising wages for its workers at least 3% starting next year as part of...
Debt not a big threat yet to U.S. economy, Cook says, but Fed can’t let down its guard
Households, businesses and banks are in pretty good financial health and don’t appear to pose a big threat to the...
IMF recommends smaller Budget 2024 package for Ireland amidst high inflation
The International Monetary Fund (IMF) has advised the Irish Government to consider a more targeted €14 billion Budget 2024 package...
Michael Lynn’s trial continues over alleged €27 million theft from banks
Former solicitor Michael Lynn is currently on trial, accused of stealing approximately €27 million from several financial institutions. The prosecution...
Small businesses are driving credit card debt higher
Small businesses are increasingly turning to credit cards as a key source of funding as they continue to grapple with...
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