The European Central Bank fined JPMorgan's European arm 12.18 million euros for ?misreporting capital requirements after it ?wrongly calculated risk-weighted assets, the ECB said ?in a statement on Thursday. "Between 2019 ?and 2024, the bank reported ?lower risk-weighted ?assets than it should have done," the ECB ?said.
The European Central Bank fined JPMorgan's European arm ?12.18 million euros for ?misreporting capital requirements after it wrongly calculated risk-weighted ?assets, the ECB said in a ?statement on Thursday. "Between 2019 and ?2024, the ?bank reported lower risk-weighted assets than it should ?have done," the ?ECB said.
Minneapolis Fed President Neel Kashkari said that the current stance of policy is near neutral, suggesting no need for further rate reductions with inflation still elevate and the labor market slowing but not substantially weakened.
Initial jobless claims decreased by 23,000 to 206,000 in the employment survey week ended Feb. 14, lowering the four-week moving average by 1,000 to 219,000 after three straight increases. Initial claims were at a level of 210,000 in the employment survey week ending Jan. 17.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF dropping 1.4%. The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector was down 0.5%. Bitcoin was up 0.8% at $66,981, and the yield for 10-year US Treasuries was down 1 basis point at nearly 4.07...
Gold edged lower midafternoon on Thursday but is sticking above the US$5,000 mark despite closed China markets as tensions between the United States and Iran rise, while the dollar was higher as minutes from the last meeting of the Federal Reserve's policy committee indicated the central bank may not be ready for another cut to interest rates.
* US weekly jobless claims fall more than expected. * Key US inflation data due on Friday. * Trump presses Iran to make 'meaningful' deal. * Fed minutes show officials grappling with policy split. By Anmol Choubey.
Today the Board of Directors of the Federal Home Loan Bank of Indianapolis declared its fourth quarter 2025 dividends on Class B-2 activity-based capital stock and Class B-1 non-activity-based stock at annualized rates of 9.50% and 4.00%, respectively. The dividends will be paid in cash on February?20, 2026.
Federal Home Loan Bank of Atlanta today released preliminary unaudited financial highlights for the quarter and year ended December?31, 2025. Fourth Quarter 2025 Operating Results. Annual 2025 Operating Results. Financial Condition Highlights. Reliable Source of Liquidity. Commitment to Affordable Housing and Community Development.
Financial stocks were decreasing in Thursday afternoon trading, with the NYSE Financial Index falling 1.2% and the State Street Financial Select Sector SPDR ETF dropping 1.4%. The Philadelphia Housing Index was shedding 0.9%, and the State Street Real Estate Select Sector was down 0.5%. Bitcoin was decreasing 0.2% to $66,341, and the yield for 10-year US Treasuries was slightly higher at 4.09%....
JPMorgan Chase (JPM) has been sanctioned by the European Central Bank with two administrative fines totaling about 12.2 million euros for allegedly misreporting risk-weighted assets between 2019 and 2024, the central bank said Thursday.
JPMorgan Chase (JPM) has been sanctioned by the European Central Bank with two administrative fines totaling about 12.2 million euros for allegedly misreporting risk-weighted assets between 2019 and 2024, the central bank said Thursday.
Canada stands in stark contrast with Australia as its population actually shrank in Q3, after robust growth for years, said Deutsche Bank. The Canadian government is prioritizing capital expenditure, but it's yet to show up as business surveys point to growth staying "soggy," noted the bank. Canada also has about the "softest" export growth in the world, it added.
Weekly applications for unemployment insurance in the US dropped more than projected, while continuing claims increased, government data showed Thursday. For the week through Feb. 14, the seasonally adjusted number of initial claims fell by 23,000 to 206,000 from the previous week's average that was revised upwards by 2,000, the Department of Labor said.
The Federal Home Loan Bank of Dallas today reported net income of $126.2 million for the quarter ended December 31, 2025. Total assets at December 31, 2025 were $108.5 billion, compared with $112.2 billion at September 30, 2025 and $127.7 billion at December 31, 2024.
The Toronto Stock Exchange is up near 100 points at midday with energy, up 2.2%, and industrials the best performers. Limiting gains are declines in materials and financials. On the domestic front, TD Economics noted Canada's trade deficit halved from $2.6 billion in November to $1.3 billion in December.
The European stock markets look set to close lower Thursday trading as The Stoxx Europe lost 0.5%, Germany's DAX dropped 0.9%, the FTSE 100 was down 0.6%, France's CAC declined 0.4%, and the Swiss Market Index edged 0.1% lower.
Nippon Steel (NISTF) sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel prices and technology transfer, Chief ?Financial Officer Takahiko Iwai said.
* US jobless claims fall. * Euro declines on ECB leadership speculation. * Fed divided on rate cuts, market cautious. By Chuck Mikolajczak. The dollar rose for a fourth straight session on Thursday after data indicated the economy was stable, giving ?the Federal Reserve leeway to hold interest rates in ?check. "It doesn't look like an economy suffering from higher rates.
Nippon Steel (NISTF) sees no need to cut capacity at U.S. Steel and expects the business to contribute to earnings in fiscal 2026, up from zero this year, helped by stronger steel ?prices and technology transfer, Chief Financial Officer Takahiko Iwai ?said.
Freddie Mac today released the results of its Primary Mortgage Market Survey?, showing the 30-year fixed-rate mortgage averaged 6.01%. ?Mortgage rates dropped again this week, now down to their lowest level since September of 2022,? said Sam Khater, Freddie Mac?s Chief Economist.
For years, warnings about government deficits and borrowing sounded abstract. With rising debt, the cost of servicing is accelerating beyond even the largest individual government spending. America's $38 trillion national debt is so big that the nearly $1 trillion interest payment will be larger than Medicare soon, Fortune noted last month. That's a remarkable shift.
* US weekly jobless claims fall more than expected. * Key US inflation data due on Friday. * Fed minutes show officials grappling with policy split. By Anmol Choubey. Gold prices rose on Thursday as investors ?assessed U.S.-Iran tensions, while a drop in U.S. jobless ?claims signalled labour-market stability ahead of inflation data later this week.
Canada's merchandise trade deficit was chopped in half in December to $1.3 billion, a somewhat smaller gap than expected in this "bouncy" series, said Bank of Montreal after Thursday's data.
A new working paper from Fed economists, alongside researchers at Northwestern and Johns Hopkins, concludes that Kalshi rivals or beats professional Wall Street forecasts on key economic data, and does it in real time. On headline CPI, Kalshi delivered a statistically significant improvement over the Bloomberg consensus forecast.
Societe Generale said this week's United Kingdom consumer price index print, which was the only release ahead of the March Bank of England policy meeting, was the main hurdle to a March rate cut, especially after Tuesday's labor data confirmed the ongoing trends of the jobs market loosening and easing wage growth.
The International Monetary Fund said on Thursday that continued reserve accumulation by ?Argentina is essential ?for securing durable access to private credit ?markets after the central bank ?has purchased over $2 billion in ?foreign currency ?since the start of 2026.
As has often been the case recently, the change in Canada's trade balance in December could largely be explained by fluctuations in the metal and non-metallic mineral products sector, particularly in the unwrought gold, silver and platinum group metals sub-sector, National Bank of Canada said.
The call by a top Trump administration official for New York Federal Reserve staff to "be disciplined" for recent research on tariffs was just the latest move by the administration to undermine the independence of the central bank, Minneapolis Fed president Neel?Kashkari said on Thursday.
Canada's merchandise trade deficit narrowed to $1.3 billion in December from a revised $2.6 billion in the prior month, said CIBC. Exports rose 2.6% on the month, although excluding the volatility in the metal and non-metallic mineral sector, exports were actually little changed, noted the bank.
NEW YORK, Feb. 19, 2026 The Conference Board Leading Economic Index? for the US declined by 0.2% in December 2025 to 97.6, following a 0.3% decline in November and a downwardly revised 0.2% decline in October.
Canada's trade deficit was slashed in half in December, narrowing from $2.6 billion in November to $1.3 billion in December, said TD. Exports in December advanced 2.6% month over month, partially recovering last month's dip. Exports of aircraft also contributed meaningfully. Goods imports edged higher by 0.6% month over month in December, with six of 11 subsectors booking gains.
CINCINNATI, Feb. 19, 2026 ?The Federal Home Loan Bank of Cincinnati today released unaudited financial results for the year ended December?31, 2025. Overview Throughout 2025, the FHLB successfully delivered on its dual mission of providing ongoing access to liquidity funding for member financial institutions and continuing to support affordable housing and community investment.
* ECB selecting banks that want to take part in pilot phase. * ECB setup costs to reach around 1.3 bln euros, Cipollone says. * Banks to pocket fees, won't have to pay system costs to ECB. * Merchants will also have an incentive in terms of cap on fees. By Valentina Za.
The U.S. trade deficit widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite President Donald Trump's tariffs on foreign manufactured merchandise.
The U.S. trade deficit widened sharply in December amid a surge in imports, and the goods shortfall in 2025 was the highest on record despite President Donald Trump's tariffs on foreign manufactured merchandise. The trade gap ballooned 32.6% ?to $70.3 billion, the Commerce Department's Bureau of Economic Analysis ?and Census Bureau said on Thursday.
* US weekly jobless claims fall more than expected. * US PCE data due on Friday. * Fed minutes show officials grappling with policy split. By Anmol Choubey. Gold prices were little changed on Thursday ?as investors monitored U.S.-Iran tensions, while a ?drop in U.S. jobless claims signalled labour-market stability ahead of inflation data later this week.
Gold was mostly steady early Thursday, sticking above the US$5,000 mark despite closed China markets as tensions between the United States and Iran rise, while the dollar was higher as minutes from the last meeting of the Federal Reserve's policy committee indicated the central bank may not be ready for another cut to interest rates.
The Federal Home Loan Bank of Pittsburgh announced today unaudited financial results for the full year and fourth quarter ended December 31, 2025. This press release features multimedia.
?Twenty-three of the top 30 markets recorded annual declines, while national appreciation held below 1 percent, says Chief Economist Mark Fleming? First American Data & Analytics, a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (FAF), today released its January 2026 Home Price Index report.
Canada's merchandise trade deficit narrowed to $1.3 billion in December from a revised $2.6 billion in the prior month, although once again the move was largely driven by volatility in the trade of gold, said CIBC after Thursday's data release.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
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