Crypto custody firm Copper has raised significant capital from one of the U.K.’s largest banks, Barclays, which is looking to acquire a stake in the firm, Sky News reported. Copper is a unicorn valued...
Tag: Banking
A UK Banking Giant Turns to the Cryptocurrency Industry Amidst Bearish Market
Jul 25, 2022 at 12:50 // News While the overall cryptocurrency market appears to be unwaveringly bearish, some investors think the downtrend is a good time to get into the industry. UK financial giant...
The Fed’s next rate hike could be huge. One simple way to profit from it
Some pros are speculating that the Fed could raise interest rates 1% at their July 26 meeting. Getty Images/iStockphoto Experts predict that the Federal Reserve will raise rates at their July 26 meeti...
Users of payment services like Zelle need better scam protection, Dems tell CFPB
It should be easier for consumers defrauded via popular instant payment services like Zelle to seek redress, since money-transfer scams are reportedly growing more common, a group of Democratic lawmak...
It’s time to overweight small caps as ‘they’ve come very close to pricing in recession’: RBC Capital
Small-cap stocks have attracted more investors and analysts attention this week with their benchmark index the Russell 2000 jumping 3.5% on Tuesday to 1799 points, its biggest one day percentage gain ...
I’m 40 and married with 2 kids. How aggressively should I invest my money right now, and should I own crypto? Here’s what 5 financial advisers told him to do now.
Should crypto be a part of your overall investing strategy? Getty Images/iStockphoto Question: I’m 40, married with two kids and gainfully employed. I’m wondering how aggressively I should be investin...
Indonesia’s Central Bank Banking Heavy on Digital Rupiah Launch
18 mins ago | 2 mins read Altcoin News The conceptual design of the future digital rupiah would be released by the end of 2022. The digital rupiah’s security measures are now being developed by Bank I...
10 of the smartest things Suze Orman has ever said about saving money
Financial author Suze Orman Getty Images For years, the rates paid out on savings accounts were abysmal, but we are finally seeing rates going up. Indeed, the Fed has now raised rates numerous times t...
Silvergate Q2’22 Earnings Update
July 20, 2022, 3:35PM EDT • 3 min read Quick Take Market intelligence series includes our latest on Celsius, Voyager and BlockFi Silvergate Capital closed at $79.60 per share, reflecting a +22.4% rall...
European Banking Giant BNP Paribas to Introduce Crypto Custody Services (Report)
BNP Paribas – a French international banking group – reportedly partnered with Metaco to start providing cryptocurrency custody services to its clients. According to a recent coverage, one of the lead...
UK Markets Bill Extends Banking Rules to Crypto Assets
In the bill, cryptocurrencies are referred to as “digital settlement assets,” (DSAs), meaning “a digital representation of value or rights.” The rules will largely apply to stablecoins – cryptocurrenc...
Nigerian banks impede e-Naira adoption over concerns it will impact banking revenue
Nigerian banks are reluctant to promote Nigeria’s low-cost central bank digital currency, e-Naira, due to concerns of losing revenue. E-Naira offers a commission-free alternative to traditional money ...
Adjustable-rate mortgage vs. fixed-rate mortgage: Which one is better for you?
Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict. Tell us whether you think she’s right in the comments. A...
Is my financial advisor just putting up with me because my mother is rich?
The advisor has invested my money in funds I don’t understand, but I don’t feel like I have the power to question her. Getty Images/iStockphoto Question: I have roughly $500,000 in assets, including m...
Blackstone Earnings Are Coming. What to Expect.
Text size Blackstone is expected to produce Q2 results of $1.43 a share in distributable earnings. Angus Mordant/Bloomberg Blackstone will kick off earnings season for alternative asset managers when ...
We have $1.5 million we don’t intend to ever use in retirement – how do we invest it if we plan on giving it to our kids one day?
I’m 59 years old, and my wife is older (retired early). I will be retiring next year after 40 years of Naval service and government contracting. After the recent market crash in 2022, we still have a...
‘I feel like I’m investing just to afford taxes and broker fees.’ I’m 72, have a cushy amount of money invested and was withdrawing 4% a year, but once I pay fees and California taxes that won’t be enough. Should I ditch my financial adviser?
How to figure out if your adviser is worth what they’re charging you. Getty Images/iStockphoto Question: I have a comfortable balance in my investment account but have a question about only taking out...
Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending
U.S. stocks gave up early gains to finish lower on Monday, after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential ...
When will inflation peak? Consumers and economists see light at the end of the tunnel (but it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations. Inflation hit 9.1% on the year in J...
Stock Investors, After Brutal Stretch, Have Rarely Been This Pessimistic
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple ...
JP Morgan, Other Banks Are Strong Financially. Why Earnings Don’t Reflect It.
Text size Wells Fargo added $8.4 billion to reserves in the second quarter of 2020, released $1.6 billion a year later, and added $580 million in the most recent quarter. Michael M. Santiago/Getty Ima...
Fed’s Bullard Raises Target for Year-End Funds Rate
Federal Reserve Bank of St. Louis President James Bullard said Friday that unexpectedly high inflation calls for a more aggressive path of short-term interest rate rises this year. Inflation “has come...
I’ll be 65 soon, have $320,000 in retirement savings and a paid-off home but I’m $46,000 in debt – should I take more money out of my investments?
I’ll be 65 in a couple months. I retired at 63 and am currently receiving survivor Social Security payments (from my late husband). I plan on switching over to my Social Security at 70. I receive abou...
Dow jumps 650 points as stocks close sharply higher after stronger-than expected retail sales report, surge in Wall Street bank shares
U.S. stock indexes closed sharply higher Friday, with the S&P 500 and Dow Jones Industrial Average each snapping a five-day losing streak, after stronger-than-expected retail sales data and a mode...
Cannabis News Week: SAFE Banking Passes House (Again); New York Cracks Down
The U.S. House of Representatives passed the Secure and Fair Enforcement Banking Act this week as a rider on the 2023 National Defense Authorization Act. Before you light your joints in celebration, k...
A ‘who’s who of American business’ — big Wall Street names are marking the end phase of the bear market, says adviser
The good news about this bear market in stocks is that we’re more than halfway through it. The bad news is that we’re getting close to the final stage, when “everything must fall.” That’s according to...