Writing the summary…
Treasury says largest U.S. banks let politics influence who received banking services
Source: CNBC
Original reporting
CNBC: read the full reportRelated stories
CNBC
Fannie Mae sharply raises mortgage rate forecast for 2027
Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates.
CNBC
Bank of America shares drop 8% after third-quarter revenue miss and regulatory penalty
Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.
CNBC2 outlets
Container ship sinks in Strait of Hormuz as Iran steps up attacks
All 21 sailors on the Singapore-flagged GFS Pride were evacuated safely after it was hit by an projectile on Tuesday, maritime authorities say.
CNBC
Trump's diesel dilemma — by the numbers
Conflicts in Ukraine and Iran have created major ripple effects across global energy markets causing major price swings.
CNBC
10-year Treasury yield jumps as September core inflation comes in hotter than expected
Treasury yields moved higher after the latest inflation reading.
The Guardian2 outlets
The UK energy secretary is flirting with a bad idea for bills – the ‘rising block tariff’
There are many reasons to ignore this affordability ‘solution’, not least it being complex and fiddly. Just keep things simple “My mark of failure or success is whether I can get bills down or not. That’s the only thing I’m in this job to do.” So said Miatta Fahnbulleh, the energy secretary, recently , bracing for the hike in energy bills that looks inevitable in January. Industry projections suggest £400-ish on an annual basis is on the way, with “stubbornly high” levels for the rest of decade even if wholesale gas prices cool down. So, yes, one can understand why “affordability” is Fahnbulleh’s “top priority”. And, as this newspaper reported last week , there is likely to be an intervention in that direction in chancellor John Healey’s budget this month: £1bn of extra support for poorer households this winter. Continue reading...