The numbers: As mortgage rates head towards 6%, would-be home buyers continue to stay on the sidelines, putting off purchases and refinances. Weak demand from buyers is reflected in the Market Composi...
Tag: Banking
New Fed banking chief targeting crypto and climate change as top priorities
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions durin...
Digital Assets Should be Regulated as Part of Banking Industry: Ex-Regulator
Experts in the financial industry are advocating for digital currency innovation and activities to be subsumed into the banking industry, a move that will let regulators permit their overall growth. A...
‘I thought we were pretty solid’: My girlfriend and I sold our Florida home. The $200,000 profit was wired to her account. She refuses to give me my fair share.
My long-time girlfriend and I moved to Florida three years ago. After renting a home for a year in an area we liked, we bought a home together. I was not working at the time, she was, so we agreed tha...
We earn $7K a month, have $798K in retirement and will get pensions. But we want to help our child buy a house, and my wife wants to retire at 55. Do we need professional help?
How to find the right financial adviser for you Getty Images/iStockphoto Question: As teachers, my wife and I bring home $7,000 a month combined. We save 20% of our income in pre-tax 403(b) contribut...
Suze Orman now says you need this much in emergency savings (and psst: you’re probably not going to like it)
Author and financial guru Suze Orman Anna Webber/Getty Images Financial experts have always urged people to create an emergency savings fund, but exactly how much should be in that fund has never been...
When It Pays to Have a Mortgage in Retirement—and When It Doesn’t
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You made payments on your student loans during the pause. Can you get a refund?
This article is reprinted by permission from NerdWallet. Hundreds of thousands of borrowers made payments on their federal student loans since forbearance began in March 2020, taking advantage of the...
Bitcoin’s 5-year returns dwarf major banking stocks’ ROI by over 500% despite crypto winter
Bitcoin’s (BTC) volatility continues to stand out in 2022, with the cryptocurrency recording significant sell-offs while attempting to navigate the high inflation macro environment that has also impac...
Bitcoin Prices Are Falling. Why Analysts Say a ‘Massive Capitulation’ Is Coming.
Text size Bitcoin continues to trade at less than one-third its all-time high from November 2021. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were under pressure on Monday. While...
Citigroup Joins Industry Effort to Lend to People Without Credit Scores
Citigroup is joining a government-sponsored effort to expand access to credit in underserved communities. The bank is launching two pilot programs early next year under the Office of the Comptroller o...
Enough, Bosses Say: This Fall, It Really Is Time to Get Back to the Office*
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Compounding a disastrous year for Bitcoin and other cryptocurrency: IRS proposes controversial new question about digital assets
The Internal Revenue Service could have a potential head-scratcher of a question about your crypto investments and what’s taxable, according to a major accountants’ association. For two years, the IRS...
Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation
Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...
Forget Bitcoin. Interest in Ether Is Booming Ahead of ‘The Merge.’
Investors have flocked into Ether trades as a critical upgrade to one of crypto’s most crucial networks looms large this month, setting the stage for volatility in the days and weeks to come. Set to b...
The Other Doomsday Scenario Looming Over Markets
By James Mackintosh Sept. 3, 2022 10:00 am ET Listen to article (2 minutes) Think inflation is the biggest threat to your investments? Perhaps not: One fund manager that successfully navigated the pas...
‘That was unheard of not long ago.’ This is what you should be earning on your savings account right now (and psst: many of you aren’t)
If you’re only saving $1,000 and your APY is 0.10%, that might not move the needle, however “if your savings is in the five figures or more, a higher APY could be more rewarding,” an expert said. Gett...
Banking platform LevelField is raising $50 million, secures first acquisition
New banking platform LevelField Financial announced it has acquired Netshares Financial Services, a broker-dealer regulated by the U.S. Securities and Exchange Commission (SEC). LevelField is a financ...
If you need one more reason why stocks will likely lose money in September, here it is.
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. I say “finally” because market analysts...
Lucid, SoFi, and 3 Other SPAC Stocks Whose Downturns Might Be Ending
Text size Most SPAC-related stocks, including Virgin Galactic, haven’t been soaring in recent months. Courtesy Virgin Galactic Sometimes the best time to look for new investment ideas are when t...
‘Should I wait until the market calms down or pull the trigger now?’ I’m tired of my brokerage charging 1%, and I want to move my money now, but don’t want to lock in losses. What’s my move?
Is 1% too much to pay? Getty Images/iStockphoto Question: My current brokerage account charges 1% and also has high-priced funds so I’m thinking of moving my money. My question is should I wait until...
Banking Titan JPMorgan Recommends To Steer Clear of Bitcoin (BTC) Amid High Risk of a Recession: Report
The chief global strategist at JPMorgan Asset Management is reportedly warning investors to avoid Bitcoin (BTC) as the threat of a recession looms. In a new Bloomberg report, David Kelly says that the...
I shared expenses 50/50 with a friend on vacation. She wants me to split the cost of her credit card’s foreign-transaction fees. Is that sharp practice?
Dear Quentin, I recently took a trip to another country with a friend. We agreed to share expenses. When they presented their list of expenses, they included a foreign transaction fee charged by the c...
SEC Chairman To Testify In Front Of U.S. Senate Banking Committee, Deaton Says “Gensler Realized Hiding Behind Twitter Videos Isn’t Working”
– Advertisement – Attorney Deaton Slams Gary Gensler’s Leadership at the SEC As SEC Chairman is Set To Testify In Front Of U.S. Senate Banking. Ripple (XRP) Holders Attorney Slams SEC Chai...
I set up a company with friends. It has sales of $1 million. Two partners hijacked control of the bank accounts, and want to push others out. What can we do?
I went into business with friends operating a night market. We hold big events every two weeks. We started an LLC as equal members, all with a 25% share. Friend A had the idea to do it and said they w...
Preferred stocks can offer hidden opportunities for dividend investors. Just look at this JPMorgan Chase example.
This is shaping up to be a brutal year for bank stocks. But a deeper look can highlight an opportunity for income-seeking investors to make money on banks’ preferred stocks. But the S&P 500 SPX, +...