Online-only banks have yields of 1.5% and even 2% right now. That’s better than you’ll do at any brick-and-mortar bank. Dreamstime Text size The Federal Reserve has raised interest rates f...
Tag: Banking
Banking giant Citi highlights significance of Merge upgrade on Ethereum’s blockchain
The Ethereum (ETH) Merge upgrade slated for late September is among the most highly anticipated cryptocurrency events due to factors like the projected bullish impact on the asset’s price. In this lin...
I hired a financial planner, but they’ve already lost $70K. What should I do?
Is a big loss a reason to ditch your financial planner? Getty Images/iStockphoto By ALISA WOLFSON Question: I recently rolled my retirement pension and 401(k) into one account, managed by a financial ...
Warren Buffett says this is the ‘biggest mistake’ people make with their money (and psst: it has to do with savings)
Warren Buffett johannes eisele/Agence France-Presse/Getty Images Warren Buffett, the infamous 91 year-old Oracle of Omaha, is worth roughly $100 billion dollars — and could clearly spend frivolously. ...
Block’s Earnings Beat Estimates but the Stock Drops. Here’s Why.
Text size Jack Dorsey co-founded Block and remains its chair but is no longer CEO. Joe Raedle/Getty Images Block said Thursday that Bitcoin revenue at its Cash App unit dropped 34% in the second quart...
Swiss Wealth Manager Pictet Claims Crypto Has No Future in Private Banking
– Advertisement – According to Pictet Group, there is currently no place for cryptocurrency in private banking. Even though a growing number of private banks, such as Julius Baer, LGT, G...
Swiss wealth manager cautions crypto ‘has no place in private banking’ for now
The recent cryptocurrency market rout has warranted financial organizations around the world to take a more cautious approach to the budding asset class, with one wealth manager warning against invest...
I started the year with $3.85M but ‘have watched my accounts drop 20%.’ When I asked about it, I got ‘unsatisfactory’ answers from my financial adviser. That said, he ‘by and large has done well for me.’ What’s my move?
Do you have the right communication going on with your financial adviser. Getty Images/iStockphoto Question: I have watched my accounts drop 20% this year, which is better than the market, but startin...
French Banking Giant Societe Generale Posts 3.3 Billion Euros Loss in Q2
The bank reported a revenue hit of 7 billion euros for the quarter while its operating expenses topped 4.5 billion euros. French multinational banking giant Societe Generale SA (EPA: GLE) posted a 3.3...
Why an Arkansas town could provide a grim road map for America if car repos blow up
As recession worries loom over America, a debt crisis already bearing down on wage workers in northwest Arkansas could foreshadow bigger problem for a nation on high alert for a flood of car repossess...
Here’s exactly how much Americans have in savings at every age — and (yikes) here’s what they should have
How much savings you need Getty Images/iStockphoto No matter your age, savings is a necessity. But depending on your age, the amount of savings you will need changes according to life stages and your ...
Banking Platform Galoy Raises $4M for Bitcoin-Backed Synthetic Dollar
“Bitcoin has brought digital transactions to previously unbanked communities across Latin America, Africa and beyond,” said Galoy CEO Nicolas Burtey in a press release. “However, its volatility makes ...
SoFi stock gains after earnings as revenue beats and losses shrink
Shares of SoFi Inc. were up nearly 3% in after-hours trading Tuesday after the company beat expectations with its latest results and delivered an upbeat earnings forecast for the current quarter. The ...
I’m the chief economist of a mortgage firm that has funded more than $100 billion in loans. These are 3 things to know about the housing market now.
Cameron Findlay As home prices and mortgage rates march upwards, and housing inventory remains seriously constrained, many buyers are wondering: Should I buy? And if I want to buy, what do I need to k...
For Crypto Customers, a Long Battle Ahead in Bankruptcy
Millions of customers of crypto platforms Voyager Digital Holdings Inc. and Celsius Network LLC have been thrust into a potentially long and painful battle in bankruptcy trying to retrieve their money...
5 things Warren Buffett does to save money — that you should too
Warren Buffett is known to be frugal. Getty Images Warren Buffet is worth about $100 billion, and clearly doesn’t need to worry about how much money he spends on a daily basis. But the famed billionai...
‘I have watched my accounts drop by 22%.’ My financial adviser has usually ‘done well’ but now it feels like he’s not making enough adjustments in this tough market given that I’m losing ‘large chunks’ of money. What’s my move?
How to know if your financial adviser is doing a good job. Getty Images/iStockphoto Question: I have had a financial advisor with a national firm for more than a decade. We have done well and his fee...
NOE CRYPTO BANK: One of the World’s First Crypto Banks Is Set to Transform the Future of Banking
Place/Date: Castelldefels, Spain – August 1st, 2022 at 3:17 pm UTC · 4 min read Contact: NOE CRYPTO BANK, Source: NOE CRYPTO BANK Cryptocurrency first hit the headlines on October 21, 2008, by S...
My boyfriend, 68, has almost no ‘mad money’ for fun activities and trips. He lives with his father, 95, and expects to inherit his house. Is it unreasonable to expect him to get a part-time job?
I am a 65-year-old retired woman with modest Social Security and annuity payments. I also own my own home and have savings. I’ve been seeing a 68-year-old retiree since just before the pandemic. He li...
Crypto vs Banking: What’s better in 2022? StormGain explains
Let’s face it: money is on everybody’s minds these days. And there’s a lot to think about, whether you’ve invested in digital assets or not. The critics of cryptocurrency who predicted the ‘crypto win...
Crypto Prices Crashed, but True Believers Are Holding On
Crypto prices plunged this year, but Drew Larsen says that is no concern. Over the past two years, Mr. Larsen, 54, has poured about 10% of his savings into cryptocurrencies like bitcoin, Ethereum and ...
‘I’m stuck in a penny-pincher mindset’: My spouse and I bought a home, but he only wants to buy high-end items. How can we agree?
Dear Quentin, My spouse and I spent years saving for a new house, and living well below our means. It may sound weird, but now that we have a new home, we feel overwhelmed by the prospect of spending ...