The price of rising interest rates.
So what’s going on here?
A Friday-afternoon-in-August disclosure. Here’s its rap sheet of ongoing official scandals.
As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.
HSBC makes it official.
The Fed has left the room.
But it’s a godsend for savers.
Competition for cash returns for the first time in 9 years, and banks hate it.
Wells Fargo has $81 billion in exposure to loans that, on paper, it isn’t exposed to.
Why is Tim Sloan still CEO, asks California Treasurer as “systemic corruption and venal abuse of customers” have become “part of Wells Fargo’s brand.”