US banks make record buybacks on Trump’s looser rules and choppy markets
Six largest lenders spend $33bn on shares, smashing market forecasts
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Cleveland Fed President Hammack expects interest rates to stay on hold ‘for a good while’
The central bank official advocated a patient approach as officials watch incoming data for clues about where the U.S. economy is heading.
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Take part in a live Ask an Expert Q&A with Alphaville’s Robin Wigglesworth and Toby Nangle on Thursday, April 16 at 1pm BST
Trump threatens to fire Powell if the Fed chair doesn’t leave office on his own
Though most Fed chairs in the past have left after being replaced, Powell has demurred on what he plans to do.
Silver market seen as ripe for another price squeeze
Precious metal hit by huge price volatility and is set for sixth straight year of deficit, according to World Silver Survey
Norway’s Blastr is preferred bidder for former Liberty Steel’s SSUK
Former linchpin of Sanjeev Gupta’s empire was placed in compulsory liquidation