Bloomberg Two of the biggest US banks, Goldman Sachs Group Inc and Wells Fargo & Co, are on the brink of piling into credit-card lending, seeking a share of the $183 billion in fees and interest tied to the product. Goldman Sachs is weighing the move as part of a push into consumer finance with its Marcus online lender, Chief ...

Bloomberg The Bank of England (BoE) will probably keep interest rates unchanged this week after an economic roller coaster that saw market bets on an increase flip from near-guaranteed to almost no chance. A majority of the nine Monetary Policy Committee members will vote to maintain a 0.5 percent benchmark on Thursday, according to a Bloomberg survey of economists. Governor ...

Bloomberg The Federal Reserve’s gradual push towards higher interest rates shouldn’t be blamed for any roiling of emerging market economies, which are well placed to navigate the tightening of US monetary policy, Fed Chairman Jerome Powell said. In a speech that argued US decision-making isn’t the major determinant of flows of capital into developing economies, Powell said the influence of ...