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Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.
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If the White House erodes the public's trust in the Fed's desire or ability to keep inflation low and stable, all bets are off.
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White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.
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Balderton Capital led $75bn fintech's first funding round and retains substantial stake even after cashing out $2bn
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Largest nursing strike in New York City history begins amid stalled contract negotiations ABC NewsNearly 15,000 Nurses Go on Strike at Major New York City Hospitals The New York TimesClose to 15,000 NYC Nurses on Strike: What You Need to Know and Where to Go - amNewYork amNewYorkNYC nurse strike: thousands of union hospital workers hit the picket line
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SoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi Business InsiderCapital One drops 6%, other banks hit after Trump calls for credit card rate cap CNBCTrump wants to cap credit card interest rates at 10%. Would that work? Al Jazeera
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A 10% cap on interest rates could mean a big hit to earnings at companies like Capital One and Synchrony. But a Jefferies analyst says it's "highly unlikely" that Trump gets his way.
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Capital One drops 6%, other banks hit after Trump calls for credit card rate cap CNBCFinancial stocks fall as Trump's credit card rate cap plan rattles investors ReutersSoFi CEO says Trump's proposed credit card cap would drive people to personal loans, and that's good for SoFi Business InsiderTrump Says Credit Card Firms Violate Law If Rates Not Capped Bloomberg.com
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Apheon Management has hit a €1.3bn hard cap close for its sixth flagship fund after eight months in the market.
The post Apheon hits €1.3bn hard cap for first fund since 2013 rebrand from Ergon Capital appeared first on AltAssets Private Equity News.
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