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Inflation hits 40-year high as 50bps rate rise looms in the UK

Inflation hits 40-year high as 50bps rate rise looms in the UK

The UK consumer price index has hit 9.4%, the highest rate seen since 1982
Hurricane Dimon: JP Morgan and Morgan Stanley Miss, the Markets Fall

Hurricane Dimon: JP Morgan and Morgan Stanley Miss, the Markets Fall

Profit declined by 28% for second quarter for America’s largest bank while earning was 12 cents short of most analyst expectations
NY Fed: Short-term inflation expectations reach new series high

NY Fed: Short-term inflation expectations reach new series high

Although short-term inflation expectations have increased, expectations for medium-term and longer-term inflation have declined
Customers Dissatisfied with Bank Advice Services, Survey Shows

Customers Dissatisfied with Bank Advice Services, Survey Shows

JD Power research finds consumers are unhappy with financial advice provided by banks as broader satisfaction declines
Consumer Financial Protection Bureau Investigating Overdraft Charges

Consumer Financial Protection Bureau Investigating Overdraft Charges

The bureau is collating research on key customer service metrics from large banks
CFPB Requests Public Input to Improve Bank Customer Service

CFPB Requests Public Input to Improve Bank Customer Service

The organization seeks to guarantee the “legally enshrined right” to adequate customer service
Credit Conditions Set to Deteriorate, Say Economists

Credit Conditions Set to Deteriorate, Say Economists

Market conditions are weakening despite consumer and business markets appearing solid, according to an ABA survey
Customers Unimpressed with Digital Card Services

Customers Unimpressed with Digital Card Services

Consumer survey shows that banks’ digital channels are not providing the level of service that their clients expect
Markets Recover but With a Backdrop of Jamie Dimon’s “Hurricane”

Markets Recover but With a Backdrop of Jamie Dimon’s “Hurricane”

A warning from the head of America’s largest bank, JPMorgan Chase
FDIC: Banks Remain Strong but Face ‘Significant Uncertainty’

FDIC: Banks Remain Strong but Face ‘Significant Uncertainty’

Quarterly report shows combined income across the sector fell by $17 billion in the first quarter of 2022
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