European Banks Fall as Powell Rebukes Justice Department Probe-- Market Talk

Dow Jones01-12

1016 GMT - Shares in European banks slip after U.S. Federal Reserve chair Jerome Powell said a Justice Department investigation into overspend on the agency's building was pretext for President Trump's campaign to pressure the Fed to lower interest rates. Powell said the investigation is about Fed independence, and whether interest rate decisions will be subject to political pressure. Barclays shares--down 3.1%--fall most steeply after Trump called Friday for a one-year cap of 10% on credit card interest rates. Elsewhere, French banks BNP Paribas and Societe Generale both fall around 1.3%, while Spanish banks fall across the board. German banks slip too, though there are bright spots in Italy, with Banca Monte dei Paschi di Siena up 1.6% as the market reacts positively to a potential share buyback. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

January 12, 2026 05:24 ET (10:24 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2602489515?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-12 18:24","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2602489515","market":"hk","top_or_hot":-1,"title":"European Banks Fall as Powell Rebukes Justice Department Probe-- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1016 GMT - Shares in European banks slip after U.S. Federal Reserve chair Jerome Powell said a Justice Department investigation into overspend on the agency's building was pretext for President Trump's campaign to pressure the Fed to lower interest rates. Powell said the investigation is about Fed independence, and whether interest rate decisions will be subject to political pressure. Barclays shares--down 3.1%--fall most steeply after Trump called Friday for a one-year cap of 10% on credit card interest rates. Elsewhere, French banks BNP Paribas and Societe Generale both fall around 1.3%, while Spanish banks fall across the board. German banks slip too, though there are bright spots in Italy, with Banca Monte dei Paschi di Siena up 1.6% as the market reacts positively to a potential share buyback. (josephmichael.stonor@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2026 05:24 ET (10:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>European Banks Fall as Powell Rebukes Justice Department Probe-- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEuropean Banks Fall as Powell Rebukes Justice Department Probe-- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-12 18:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1016 GMT - Shares in European banks slip after U.S. Federal Reserve chair Jerome Powell said a Justice Department investigation into overspend on the agency's building was pretext for President Trump's campaign to pressure the Fed to lower interest rates. Powell said the investigation is about Fed independence, and whether interest rate decisions will be subject to political pressure. Barclays shares--down 3.1%--fall most steeply after Trump called Friday for a one-year cap of 10% on credit card interest rates. Elsewhere, French banks BNP Paribas and Societe Generale both fall around 1.3%, while Spanish banks fall across the board. German banks slip too, though there are bright spots in Italy, with Banca Monte dei Paschi di Siena up 1.6% as the market reacts positively to a potential share buyback. (josephmichael.stonor@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2026 05:24 ET (10:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TMF","symbol_name":"3倍做多20年期以上国债ETF-Direxion","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2602489515","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2602489515","pubTimestamp":1768213440,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Copyright (c) 2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TMF":"3倍做多20年期以上国债ETF-Direxion","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","SCGLY":"Societe Generale","BNPQY":"BNP Paribas","BK4207":"综合性银行","BCS":"巴克莱银行","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4521":"英国银行股","BK4096":"电气部件与设备"},"translate_title":"鲍威尔指责司法部调查，欧洲银行下跌——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCGLY":0.9,"US12M.BOND":1.5,"BCS":0.9,"BNPQY":0.9,"US10Y.BOND":1.5,"TMF":0.6,"US2Y.BOND":1.5,"US5Y.BOND":1.5,"US6M.BOND":1.5,"US7Y.BOND":1.5,"US3Y.BOND":1.5,"US30Y.BOND":1.5,"TLTW":0.6},"content_text":"1016 GMT - Shares in European banks slip after U.S. Federal Reserve chair Jerome Powell said a Justice Department investigation into overspend on the agency's building was pretext for President Trump's campaign to pressure the Fed to lower interest rates. Powell said the investigation is about Fed independence, and whether interest rate decisions will be subject to political pressure. Barclays shares--down 3.1%--fall most steeply after Trump called Friday for a one-year cap of 10% on credit card interest rates. Elsewhere, French banks BNP Paribas and Societe Generale both fall around 1.3%, while Spanish banks fall across the board. German banks slip too, though there are bright spots in Italy, with Banca Monte dei Paschi di Siena up 1.6% as the market reacts positively to a potential share buyback. (josephmichael.stonor@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 12, 2026 05:24 ET (10:24 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2602489515","isCrawlerRequest":true}