Text size Miners spend an average of $15,000 to produce each coin, JPMorgan estimates. Dreamstime The plummeting price of Bitcoin could force crypto miners to sell the tokens to fund operations, furth...
Tag: Banking
Banks Are Healthy. Why They’re Holding Back on Dividends.
Text size JPMorgan Chase held its dividends flat due to increasing capital requirements following the Federal Reserve’s stress test. Justin Sullivan/Getty Images Banks may have gotten a clean bill of...
Jefferies Just Posted Results. Investment Banks Should be Worried.
Text size Total underwriting revenue at Jefferies was down by 62% as banks face tougher conditions. Amir Hamja/Bloomberg Wall Street just got a taste of what to expect when investment banks post secon...
Goldman Sachs and Wells Fargo Boost Shareholder Payouts
The largest U.S. banks said they would increase payouts to shareholders after the Federal Reserve said the banks are able to keep lending in a severe hypothetical recession. Four of the six biggest ba...
Gensler labels bitcoin a ‘commodity’ as crypto prices stabilize
Securities and Exchange Commission Chairman Gary Gensler said Monday that bitcoin BTCUSD, -0.24% was the only cryptocurrency he was prepared to publicly label a commodity, rather than a security, in a...
Bed Bath & Beyond is reducing store hours and turning down the air conditioning to cut costs, analysts say
Bed Bath & Beyond Inc. is turning down the air conditioning at its stores in order to save cash, according to Bank of America analysts who conducted channel checks and store visits. Other measures...
Wells Fargo Stock Leads Banks As Stress Tests Boost Dividend Bets
Updated at 10:37 am EST Wells Fargo (WFC) – Get Wells Fargo & Company Report, and JPMorgan (JPM) – Get JP Morgan Chase & Co. Report traded higher Friday after the Federal Reserve...
US Banking Watchdog Says Crypto Turmoil Reinforces Cautious Approach
“There are some vulnerabilities and risks in that space that do warrant a cautious and careful approach,” Hsu told reporters on a call about his agency’s Semiannual Risk Perspective released Thursday,...
Opinion: Jerome Powell is the worst Federal Reserve policy maker in my lifetime
In the history of the Federal Reserve, the most revered chairmen are William McChesney Martin, Paul Volcker and Alan Greenspan. All gained their reputation by decisive monetary policy action at times ...
These dividend stocks yield at least 5% and have plenty of room to raise payouts
This year’s stock price declines make for an increasing number of stocks with high dividend yields of at least 5%. Below is a screen that highlights 29 that appear to be able to raise their payouts co...
Banking and Financial Services Platform – crypto.news
Celsius Network, an innovative platform that integrates the most popular banking and financial services, offers additional financial incentives to users who deposit their cryptocurrency as well as uti...
Deloitte And NYDIG Team Up To Provide Access To Digital Asset Banking – crypto.news
The global professional services provider Deloitte and a leading Bitcoin firm, NYDIG, have struck a partnership to provide banking services using Bitcoin. The new alliance aims to position businesses ...
Stock market nosedive, recession and your 401(k). Here’s what to do.
Even some of the most aggressive retirement savers and investors might find themselves a bit nervous these days with talks of a recession and a market downturn, so the best strategy for those in it fo...
Crypto platform Voyager Digital shares plunge 60% after revealing $665 million exposure to embattled hedge fund; considers issuing default notice
Crypto platform Voyager Digital Ltd. VOYG, -52.50% shares plunged more than 60% Wednesday after the company said its subsidiary Voyager Digital LLC, may issue a notice of default to embattled crypto ...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now
Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of...
Deloitte Partners NYDIG to Implement Bitcoin Banking for All
Since both Deloitte and NYDIG have been attracted to Bitcoin, their partnership is expected to speed up blockchain adoption while ensuring compliance with the existing crypto regulation. The leading g...
Nearly one-third of older Americans have less than $10,000 saved for retirement
Many older Americans are willing to work during their retirement years — and they may have to be — because they aren’t financially prepared for their old age. Almost three in 10 people between 55 and...
As inflation hits a 40-year high, here’s how to rethink emergency savings
How much do you really need in your emergency fund? Getty Images/iStockphoto You’ve likely long heard that you should have 6-9 months of expenses socked away in your emergency fund – ideally in a safe...
UK Financial Ltd Secures a Multi-Million Dollar Line of Credit with Trustfinco Banking Institution
Place/Date: – June 20th, 2022 at 11:57 am UTC · 2 min read Source: UK Financial Ltd UK Financial Ltd today announced that it has received a Multi-Million Dollar line of credit with Trustfinco Ba...
Asian markets mostly fall ahead of U.S. holiday
TOKYO (AP) — Asian markets were mostly lower in cautious trading Monday ahead of a federal holiday in the U.S. Worries over inflation and risks of a global recession from central bank efforts to bring...
Bitcoin rallies back above $20,000 on Sunday, after hitting 18-month low
Bitcoin prices rallied Sunday, topping the $20,000 level again after falling to an 18-month low Saturday amid a weeks-long cryptocurrency rout. Bitcoin BTCUSD, +0.48% surged about 16% in the past 24 h...
Analysts see lowest grades for Bank of America and JPMorgan in Fed’s stress test
Bank of America Corp. and JPMorgan Chase & Co. emerged with the lowest marks among the overall passing grade for banks in the Fed’s annual stress test, analysts at Jefferies and Citigroup said Fri...