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Almost a fifth of U.S. banks are offering savings rates of 2% or more, a huge spike from a year ago, according to new data. Banks are paying more out of fear their customers will flee to competitors offering higher rates.
The Waterfront Commission of New York Harbor has denied a motion to reconsider the recent removal of Bayonne's State Assemblyman for the 31st Legislative
Having not met for seven months due to New Jersey’s contempt of a U.S. Supreme Court order, the bistate Waterfront Commission of New York Harbor had a lot of business to take care of last week, as the agency barred a slew of longshoremen from working on the docks for associating with known organized crime figures. Yet still Jersey is contending before the highest court in the land that the agency is no longer needed to fight the mob.
Almost two-thirds of banking executives believe the U.S. will see its highest interest rates this cycle in the first half of next year. And close to 60% of executives said they are concerned the Federal Reserve is hiking rates too quickly.