Climate disasters hit Black communities disproportionately hard. ‘Bluelining’ doesn’t help
Racial inequality in home insurance looks poised to deepen, but some simple steps could improve matters. Read More Source link
Tag: Banks
Jamie Dimon refuses to publicly name a successor on earnings call to investors, concedes he’ll likely stick around a few more years
An analyst asked Dimon, "What would you do otherwise anyway? You don't play golf." Read More Source link
Goldman Sachs soars on Q4 earnings, CEO sounds caution on Trump tariff and immigration plans
Goldman’s profit roughly doubled in Q4 thanks in large part to surging revenues from deal-making, underwriting, and trading. Read More ...
Crypto bank Sygnum achieves unicorn status with new funding round that gives it a valuation of $1 billion
Sygnum offers 24/7 financial services for crypto including lending, brokerage and asset management. Read More Source link
Senate probe links Credit Suisse to more Nazi accounts during World War II after bank previously concealed information
The bank did not reveal the existence of these accounts during previous investigations, notably in the 1990s, the committee said. ...
CD rates have been skyrocketing, but they’re on their way down
The top CD rates are already paying 5% or more. Read More Source link
Americans are increasingly falling behind on their credit card bills, flashing a warning sign for the economy
The amount of credit card debt written off through the first three quarters of 2024 reached $45.7 billion, up 46% ...
Banks want in on Tether’s billions in stablecoin profits
Tether is on track to close the year with more than $10 billion in net profits, according to CEO Paolo ...
As FX volume surges past $1 trillion a month, Morgan Stanley and BoA adopt a new system to charge for trades
As foreign exchange volumes explode nearly 30% in a year Morgan Stanley joined a wave of banks looking to modernize ...
Governments and banks once mocked Bitcoin. Now they want in on it
Bitcoin has proven to be one of the best-performing assets in modern history. The value of the cryptocurrency has increased ...
CFPB sues JPMorgan, Bank of America over alleged Zelle fraud
"Zelle became a gold mine for fraudsters, while often leaving victims to fend for themselves," the CFPB said. Read More ...
Barclays annual bonuses expected to increase as much as 20%
Across Wall Street, expectations are rising for a decent year for bonuses, particularly in capital markets-related jobs. Read More Source link
UniCredit raises stake in Commerzbank to 28% through derivatives
The Commerzbank AG headquarters, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Emanuele Cremaschi | Getty Images ...
Mutual fund conversions hit record in ETF industry’s epic year
Signage during the listing ceremony of a spot-Bitcoin ETF issued by China Asset Management at the Hong Kong Stock Exchange ...
JPMorgan CEO of consumer & community banking, Marianne Lake, shared 3 bank rules that ‘worry’ her
The logo of JP Morgan bank is pictured at the new French headquarters of the bank on June 29, 2021 ...
United Healthcare CEO shooting: Executives worry about safety
Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing.Source: NYPDUnitedHealthcare CEO Brian Thompson was fatally shot ...
UniCredit’s Orcel could still sweeten his bid and take on a double M&A offensive
Andrea Orcel, chief executive officer of Unicredit, in London, UK, on Thursday, Nov. 23, 2023. Bloomberg | Bloomberg | Getty ImagesDivided ...
Nomura cuts CEO pay after ex-worker charged with robbery
Nomura Holdings Inc.’s chief executive officer and other senior managers will take pay cuts as the Japanese investment bank unveiled ...
Banks don’t want to inspect your home office, so they’re forcing hundreds of employees to come in five days a week
Work-from-home regulations for banks are changing, and some of the industry’s biggest players would rather bring employees in five days ...
Jamie Dimon hasn’t had recent talks with Trump, source says
Jamie Dimon hasn’t spoken with Donald Trump for at least the last several months, a source close to the JPMorgan ...
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