Goldman Sachs Cuts Copper Price Forecast on Weak Chinese Demand
Goldman Sachs (NYSE:GS) has revised its copper price forecast, significantly lowering its 2025 estimate due to weakening demand from China, a major consumer of the metal. The American investment bank now anticipates that copper prices will average US$10,100 per metric
Former Discover executive says she was ‘scapegoat’ for legal troubles
Diane Offereins retired from a top job last year amid scrutiny of the card network's charges to merchants. Now she's suing Discover over its decision to cancel unvested stock worth $7 million.
Bezos’ Amazon and Blue Origin back Harris as Alexa gushes over VP
While videos circulate online of Amazon’s Alexa giving vastly different answers when asked to make a quick argument for voting for Vice President Harris versus voting for former President Trump, federal donor records show the tech giant’s employees have a
Lindsey Graham puts Amazon ‘on notice’ over Alexa’s potential election interference
: Sen. Lindsey Graham, R-S.C., issued a stern warning to Amazon after its virtual assistant technology, Alexa, was found to be politically biased in favor of Vice President Kamala Harris over former President Trump. Graham, the ranking member of the Senate
Visa, Mastercard and Google go big in India; U.K. interchange suit moves forward
he card brands and tech giants are expanding their payments reach in one of the world's largest markets, while facing a multi-billion-dollar class action complaint by British businesses over fees. That and more in American Banker's weekly global roundup.
Codelco Makes US$500 Million Bid for 10 Percent Stake in Quebrada Blanca Mine
Chilean state-run copper giant Codelco has made a US$500 million bid to acquire a 10 percent stake in the Quebrada Blanca mine, operated by Teck Resources (TSX:TECK.A,TSX:TECK.B,NYSE:TECK). According to a Tuesday (September 3) Bloomberg report, the offer, directed to fellow state
TD CEO says the bank’s size helps explain risk management failures
The Canadian bank expects to spend more than $3 billion on U.S. regulatory penalties in connection with its anti-money-laundering problems. "It's easy in a bank of our size to sometimes not look at accountabilities as clearly as we should," CEO
House GOP subpoenas Tim Walz over $250M COVID fraud scheme by Minnesota nonprofit
House Republicans sent a subpoena to Minnesota Gov. Tim Walz, Vice President Kamala Harris’ 2024 running mate, over his administration’s handling of taxpayer funds during the COVID-19 pandemic. The subpoenas, sent by the House Education and Workforce Committee, center on a
Club for Growth pours $5M into tight House races as GOP braces for tough election
A top conservative group is pouring an additional $5 million into six key House races around the country as Republicans fight to hold and expand their razor-thin majority in November. Club for Growth Action and Win It Back PAC, an affiliated
Credit unions rarely engage in BaaS. North Bay is an exception
Membership requirements, expense and the nonprofit ethos largely keep credit unions from participating in the banking-as-a-service space. But a few, such as North Bay Credit Union in California, have carved out a niche.