Lawmakers slam big bank CEOs for failure to increase interest rates on savings

Congressional lawmakers slammed US bankers this week for not raising interest rates on savings accounts held by everyday consumers despite a series of major increases in the federal funds rate by the Federal Reserve. Interest rate increases by the Fed make it more expensive for banks and other financial institutions to borrow money from each … Read more

Texas Releases List of Banks That Are Bullying Fossil Fuels

Pumpjacks between Midland and Odessa, Texas.Photo: Eli Hartman / Odessa American (AP) Texas is standing up to bullies — big banks that bully oil and gas, that is. This week, the Texas’s comptroller’s office released a list of financial firms and funds it has determined are “boycotting” the oil and gas industry, directing pensions and … Read more