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Trump called for banks to cap credit card interest rates at 10%, an idea that has been roundly rejected by industry executives and their lobbyists this week.
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General Atlantic has closed a follow-on investment in Odoo, a provider of open-source integrated business software applications for small and medium-sized enterprises, valuing the company at €7bn.
The post Deal Roundup: General Atlantic doubles down on Odoo at €7bn valuation, Southfield Capital snaps up The Perfect Franchise appeared first on AltAssets Private Equity News.
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Bowman says Fed should be ready to cut rates again amid job market risks Yahoo FinanceBowman Wants Fed Ready to Cut Rates for Still-Fragile Job Market Bloomberg.comFed should be ready to cut rates again amid job market risks, Bowman says ReutersFed's Bowman Says Rates Have More Room to Fall The Wall Street JournalBowman: Outlook for the Economy and Monetary Policy Forex Factory
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Wall Street banks' fourth-quarter earnings in five charts ReutersBanks Say U.S. Consumers Remain Resilient Despite Economic Pressures The Wall Street JournalJPMorgan and Citi Aren't Feeling the Affordability Crisis Bloomberg.comBig banks report soaring profits amid tensions with Trump over credit card interest rates The Detroit News
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Economists expect the U.K. economy to improve in 2026, particularly as the Bank of England is likely to continue on its interest rate-cutting path.
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Banks such as Citigroup and Wells Fargo say capping rates would limit credit and hurt economic growth
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Federal Reserve Board Chair Jerome H. Powell accused the Justice Department of using the investigation to pressure the central bank to lower interest rates.
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