Maine State

US regulators are flagging JPMorgan Chase, Bank of America, Citibank and Goldman Sachs over the banks’ contingency plans for trillions of dollars in derivatives. The Federal Reserve and Federal Deposit Insurance Corporation (FDIC) say the lenders’ so-called “living wills” – which in part detail how banks could safely unwind their derivatives portfolios without requiring government assistance – are inadequate, reports Reuters.

JPMorgan Chase, Bank of America and Citibank Flagged for Holding Trillions of Dollars in Derivatives Without Proper Contingency Plans: Report

Rapidly rising interest rates have boosted its net interest income in recent years. Higher interest rates are also why it has $113 billion in unrealized losses on its loan portfolio. The bank's net interest income fell in Q1 but is expected to grow in the second half of this year.

Is Bank of America Stock a Buy?

Reuters

NEW YORK (Reuters) - Ten large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to settle a long-running antitrust lawsuit accusing them of conspiring to rig the now $465.9 trillion market for interest rate swaps.

Ten big banks settle US interest rate swaps rigging litigation

Markets Insider

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

Kevin Payne is a freelance writer and family travel and budget enthusiast behind FamilyMoneyAdventure.com. His work has been featured in Forbes Advisor, Credible, CreditCards.com, Bankrate, SlickDeals, Finance Buzz, Student Loan Planner, and more. Kevin lives in Cleveland, Ohio with his wife and four teenagers. Ashley Maready is a former history...

Wells Fargo CD Rates for 2024

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

Newark, NJ

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Morristown Minute

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Denver, CO

David Heitz

The mother of a Denver homeless man told the City Council Monday that city-sponsored services have failed her son. Barbara Hallick Yeomans made her remarks during public comment period of the City Council meeting. She said her son grapples with substance abuse and mental illness and repeatedly has been harassed by police. She said her son also suffered verbal abuse by a guard in the Denver County Jail. Yeomans said she heard the guard harassing her son over the phone.

Mother says Denver homeless services have failed her son

Missouri State

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CJ Coombs

The first time my family walked into a Ponderosa Steakhouse was in the late 1960s. It was new and the experience was great. Like other new restaurants, if the management doesn't stay on top, the quality of service can decline. The location we went to did change through the years, but in the beginning, it was great.

The 1960s: the Ponderosa and Bonanza Steakhouses are still around in some states

The S&P 500 could crash 48% when the bubble in stocks pops and a recession hits, Paul Dietrich said. The elite strategist pointed to a massively overvalued market and cracks in the economy. Dietrich predicted inflation and interest rates would remain elevated, and taxes would rise. The S&P 500 could...

The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says

Virginia State

Margaret Minnicks

Many new laws become effective in Virginia on July 1, 2024. However, a law has always existed in Virginia, but some residents might not be aware of it. According to WSET, leaving grass clippings and other debris on Virginia roads is illegal.

It is illegal to leave grass clippings and other debris on roads in Virginia

New Jersey State

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Forbes Advisor

Rates on savings accounts are mixed compared to one week ago. You can now earn 5.84% or higher on your savings. Searching for an account where you can put some money aside? Here’s a look at some of the best savings rates you can find today. Traditional Savings Account...

High-Yield Savings Account Rates Today: June 28, 2024

NEW YORK (Reuters) - The quarter end saw substantial inflows into the Federal Reserve Bank of New York's reverse repo facility on Friday. The bank reported inflows into a tool designed to set a floor underneath short-term interest rates stood at $664.6 billion, the highest level since $680 billion seen on Jan. 10.

New York Fed says reverse repo inflows hit highest level since start of year

The Motley Fool

Nobody knows for sure where interest rates will head next. But here's what the policymakers and stock market are telling us.

Here Are the Latest Interest Rate Predictions for 2024 -- And What They Mean for Your Bank Accounts

California State

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Idaho State

Shop with Me Mama

Why Idaho Ranks in the Top 10 States Americans Are Flocking To in 2024. A lot of Idahoans are saying 'Idaho is FULL! Go find somewhere else to live!'. With that said, MANY people and their families are flocking to this state and calling it home.

Why Is Everyone Relocating To Idaho?

Gloucester County, NJ

Franklinville, NJ

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

Don't be put off by this stock's dismal performance lately -- now could be the best time to buy it with interest rate cuts on the horizon.

1 Super Stock Down 93% to Buy Before the Fed Cuts Interest Rates

The best CD rate in the country is an eye-popping 6.00% APY, available from Nuvision Credit Union for a 10-month term. An additional nine CDs offer rates of 5.50% and up, including a new offer today from Paramount Bank paying 5.55% APY for 11 months. One of the 5.50%-plus offers...

Top CD Rates Today, June 24, 2024 - 10 Options Pay 5.50% and Up

NewsBreak

Bangor Savings Bank cites lack of inventory as its new mortgages plummet

Bangor Savings Bank helped nearly 500 people buy their first home in the last fiscal year, but the bank’s leaders said low inventory is the biggest...

Bangor Savings Bank cites lack of inventory as its new mortgages plummet

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