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Big Banks Push Back On Trump's Credit Card Cap, Warning Of 'Significant' Economic Slowdown

by The Wealth Advisor Contributor
Some of America’s top bankers are warning that the president’s cap on credit card interest rates would prove disastrous for lower-income consumers.

Featured

Ned Davis Distills Political Angst Into ‘Big MAC’ Equity Trade

Wall Street loves few things more than a good acronym to describe a trading thesis. Think FANG, FOMO/YOLO and TACO.

Oracle Sued By Bondholders Over Losses Tied To AI Buildout

Oracle was sued on Wednesday by bondholders who say they suffered losses because the company ​concealed its need to sell significant ‌additional debt.

Bank Of America, Wells Fargo Report Profit Surge As Trading Activity Powers Results

Banking giants Bank of America and Wells Fargo both reported Wednesday morning that their fourth quarter and full-year profits rose from a year ago.

Recent

The Trust Advisor

HBO Seeks Dismissal of Michael Jackson Estate’s Suit Over ‘Leaving Neverland’

HBO urged an appeals court on Friday to throw out litigation brought by the Michael Jackson estate over the 2019 documentary “Leaving Neverland.”

The Trust Advisor

Why your estate plan is not as buttoned up as you think it is

7 questions to answer to avoid confusion or fights after you die

Commentaries

Kudlow: America's Worst Financial Advisor?

On Feb. 25, Larry Kudlow, director of the White House’s National Economic Council, suggested it was a good time to buy stocks.

Advisor Wellness

SEC Closes Washington Office After Virus Scare

Securities and Exchange Commission employees have been told to work remotely for the foreseeable future after a coronavirus scare at the DC HQ.

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Popular

The Trust Advisor

Microsoft Founder Bill Gates' Billion Dollar Divorce Payout To Ex-Wife Melinda Finally Revealed

The Trust Advisor

King Charles Moves To Reclaim Royal Lodge, Ending £30 Million Inheritance Path For Andrew’s Daughters

Washington Wire

Jay Powell: DOJ Threatens Criminal Indictment

The Trust Advisor

I Asked ChatGPT How To Make My Estate ‘Drama-Proof’ For My Heirs In 2026 — Here’s Its 12-Month Checklist

Washington Wire

Jamie Dimon Backs Fed Chair Powell Amid DOJ Probe: 'Everyone We Know Believes In Fed Independence'

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