A former Democratic congressman will serve as vice president of wholesale banking at Truist Financial; Bank of America’s $72.5 million settlement with sex trafficking victims of the late financier Jeffrey Epstein is approved by a New York federal judge; HDFC plans to challenge the bankruptcy resolution involving a personal guarantee by media tycoon Subhash Chandra; and more in this week’s banking news roundup.
Incomes are improving for some, though the study found the gains have yet to translate into broad relief. One-quarter of consumers reported higher household income over the past three months, up six points from a year ago, and 24 percent said their finances were better than expected so far this year, the highest reading TransUnion…
Inflation affects everything from grocery bills to rent, making the Consumer Price Index one of the most closely watched economic indicators. What does inflation mean at the micro level — specifically to your household? The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart below…
“Across the globe, Team RBC continues to raise the bar to deliver exceptional, record results,” said Dave McKay, President and Chief Executive Officer of Royal Bank of Canada. “Our third quarter earnings showcase the strength of our diversified business and our robust balance sheet.” Wealth management and capital markets lead the charge Wealth Management posted…
“Captain America” star Chris Evans has taken a $1.01 million hit on his palatial Los Angeles mansion, selling the property for $5.38 million as he bids farewell to California and makes his move to the East Coast. The 45-year-old actor initially listed the dwelling for $6.99 million in May 2025. But after it lingered on…
Lawmakers are ramping up deed theft enforcement but the majority of U.S. states, particularly less populated regions, still lack title fraud protections for homeowners, a new report finds Processing Content Alabama, California and Virginia passed deed theft laws in the past quarter, and 10 states now have major legislation around the issue, data security firm…
Derivatives marketplace CME Group and Silicon Data, a GPU market intelligence firm backed by trading firm DRW, have announced plans to launch two new futures contracts tied to the cost of AI computing power. The contracts, set to debut October 5, 2026, are still pending regulatory review. The new products, called Silicon Data H100 Rental…