JPMorgan Chase Aims to Attract 15% of US Consumer Deposits, Expand Credit Card Share
JPMorgan Chase is reportedly striving to amass 15% of US consumer deposits and expand its credit card share.
Finance/Venture
Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding
Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.
Big European Banks to Report Q2 Earnings This Week
The largest banks in Europe, such as Santander, BNP Paribas, and Deutsche Bank, are set to report their earnings for the second quarter of 2024 this week following the announcement from the European C..
Asian Share Markets Likely to Falter Following Biden's Withdrawal from White House Race
Share markets across Asia are expected to stay in the red after last week’s tech bloodbath, as well as the shock announcement of US President Joe Biden bowing out of the presidential race in November...
HSBC Promotes CFO Georges Elhedery to CEO
HSBC announced that Georges Elhedery, its chief financial officer, will become the firm’s next CEO effective Sept. 2...
Bank of America Shares 4% Rise in Q2 After Announcing Net Interest Income Rebound Imminent
Bank of America recently announced that its second-quarter revenue and...
Gun and Prison Stocks Gain as Trump’s Election Odds Improve Post-Rally Incident
Following an assassination attempt at a Donald Trump rally, cryptocurr...
Latest News
Archegos Founder Bill Hwang Found Guilty of Securities Fraud
Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions
Yonge Street Capital Co-Founder Nathanael Aikman Found Guilty of Fraud, Sentenced to 4-Year Jail Time
Yonge Street Capital co-founder Nathanael Anthony Aikman has been found guilty of fraud charges by a Canadian provincial court for accepting millions of dollars from investors.
Fifth Third Bank Agrees to Pay $20 Million to Settle Charges Over Fake Accounts, Forced Unwanted Car Insurance
Fifth Third Bank has agreed to pay $20 million to settle allegations about creating fake customer accounts and selling unnecessary car insurance.
Credit Scores Can Also Be an Early Warning Sign of Cognitive Decline, Research Finds
A new study found that credit scores, which measure a person's capacity to pay back loans, may also serve as an early indicator of cognitive deterioration.
UK Card Spending Drops for First Time Since 2021, Barclays Says
Spending on credit and debit cards decreased last month, marking the first monthly decline since February 2021, according to the June statistics released by London-based Barclays bank.
Citi to End Operations in Haiti After 50 Years
Citi has decided to end its operations in Haiti, concluding more than 50 years of presence in the country.
[UPDATE] Bitcoin Drops as Mt. Gox Starts Repaying Creditors $9 Billion After 10-Year Bankruptcy
Bitcoin dropped 5.2% to $54,313 due to concerns over Mt. Gox's $8-9 billion Bitcoin repayment and other market sentiments that have contributed to increasing market supply and volatility.
Donald Trump's Son Eric Trump to Pursue More Gulf Deals Amid His Father’s Re-Election Bid
Eric Trump has reportedly revealed the Trump Organization's intentions to expand its real estate and hospitality ventures in the Middle East, even as his father, former President Donald Trump, seeks r
Average Savings by Generation in 2023: Who Saved the Most Among Gen Z, Millennials, Gen X, and Boomers?
In 2023, Millennials topped the list for average savings by generation, followed by Gen Z, with Baby Boomers holding the largest total savings across generations.
