Finance/Venture

US Credit Card Debt Is Rising, With Borrowers Owing an Average of Over $6,000

The average consumer has $6,218 in credit card debt, and the number of borrowers who are unable to make their payments is on the rise.


IMF Criticizes Joe Biden's Ramping Up Chinese Import Tariffs, Says US Should Work With China to Resolve Disputes

The IMF is urging the US to maintain its open trade system instead of imposing new punitive duties on goods from China...

US Seniors: What You Need to Know About Retirement Abroad

With a growing number of people in the US choosing to retire elsewhere, those doing so are advised to research thoroughly on where to retire and enjoy their Social Security payments as much as possibl..

JPMorgan Chase CEO Jamie Dimon Sounds Alarm on Ballooning US Fiscal Deficit Due to High Government Spending

JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil...


Latest News

Monte Paschi approves capital increase for up to 2.5 billion euros
Monte dei Paschi di Siena (BMPS.MI) will tap investors for up to 2.5 billion euros next year to fill a capital deficit laid bare by recent stress tests and pay back state aid in a move bankers said wo
Elliott Associates may sue AbbVie over scuttled deal
Hedge fund Elliott Associates may take legal action against pharmaceuticals company AbbVie Inc for scuttling a merger deal with Shire Plc.
Bank of Japan Governor Haruhiko Kuroda's speech in Tokyo Ensures Achievement of the Price Stability Target of 2 percent through QQE
Bank of Japan Governor Haruhiko Kuroda delivered a speech at the Kisaragi-kai Meeting in Tokyo on 5th November 2014. He mainly spoke about ensuring achievement of the price stability target of 2 perce
Dresner Partners Hires Nishant Bubna as Vice President
Dresner Partners announced today that it has hired Nishant Bubna as Vice President. Mr. Bubna has more than 12 years of finance experience, including nine years in investment banking. He has assisted
Virgin Money seeks to resume 2 billion pound London listing
UK lender Virgin Money is seeking to go ahead with its postponed London stock market listing amid firmer market conditions by the end of next week, two sources familiar with the matter said on Monday.
J.P. Morgan found hackers through breach of corporate event website: media
J.P. Morgan Chase & Co learned about hackers who stole the bank's contact information for 76 million households and 7 million small businesses through a corporate event that it sponsors, the New York
GE plans stake sale in two South Korean finance JVs
General Electric Co is planning to divest stakes in its joint venture auto-financing and credit card businesses in South Korea, people familiar with the matter told Reuters, as the U.S. conglomerate c
Investor to object to proposed $4.5 billion JPMorgan settlement
A group of funds that threw a monkey wrench in Bank of America Corp's (BAC.N) proposed $8.5 billion settlement with investors in mortgage-backed securities will object to JPMorgan Chase & Co's $4.5 bi
Woodbridge International Opens Office in France
Woodbridge International, a global mergers and acquisitions firm specializing in middle-market companies, is pleased to welcome Sophie Sauvage as the firm's new Senior M&A Advisor heading up Woodbridg
Canada's RBC withdrew from Alibaba IPO after employee's inadvertent comment
Royal Bank of Canada (RY.TO) said on Tuesday it pulled out of and forfeited fees in the Alibaba (BABA.N) initial public offering, after an employee commented on the deal during the quiet period before
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