Finance/Venture

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.


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...


Latest News

Multi-Billion Dollar, Hybrid Crypto Exchange Websea, Thrives Under Crypto Champion Herbert Sim's Operational Leadership
It was no wonder Websea, the platform with Herbert as its COO since August 2023, would scale great heights. Websea, a billion-dollar market cap hybrid crypto exchange with CEX and DEX features combine
British-Chinese Woman Bitcoin Launderer Faces 6-Year-Imprisonment Over $6 Billion Crypto Fraud
A British-Chinese woman bitcoin launderer was sent to prison. She allegedly conducted a $6 billion crypto fraud scheme.
Beloved 'Doge' Meme Icon, Kabosu the Shiba Inu, Passes Away in Japan
Kabosu, the Shiba Inu behind the iconic 'Doge' meme and inspiration for Dogecoin, passed away, leaving a legacy that transcended internet culture to influence cryptocurrency worth $23 billion.
Nvidia's AI Chips Face Weak Demand in China Despite High Supply
Nvidia's newest AI chip for the Chinese market is struggling with oversupply and reduced prices amid fierce competition from Huawei, which is impacting its position in a key market affected by US sanc
HSBC Fined $8.5M For Mishandling Finances of 1.5 Million Customers
HSBC faces an $8.6 million penalty for mishandling customers in financial difficulty. The Financial Conduct Authority revealed the bank's failure to consider circumstances, endangering 1.5 million ind
Nvidia Reports Strong Q1 2024 Revenue, Shares Valuing over $1,000 Triggering Stock Split
Nvidia reported a stronger-than-expected first quarter revenue forecast, including an announcement of a stock split after its shares reached the $1,000 mark.
Fueling the Future of Web3 Innovation with Grants and Investments
From the outside looking in, there's no denying that the Web3 ecosystem has evolved immensely over the last couple of years. To this point, a recent study suggests that the sector is set to achieve a
CFPB Targets Buy Now, Pay Later Loans With Consumer Protection Policies Similar to Credit Cards
The US CFPB is now targeting buy now, pay later loans with consumer protection policies, similar to what credit card firms comply with.
Citigroup Fined $79 Million After UK Trader Makes $444 Billion 'Fat Finger' Error
Citigroup Inc. was fined £61.7 million ($79 million) by British regulators for failing to prevent a "fat finger" mistake worth $444 billion.
Mastercard Integrates AI Into Fraud-Prediction Technology to Find Compromised Cards Before Criminals Use Them
Mastercard has revealed its plan to employ AI to determine if a credit or debit card number has been compromised.
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