Jamie Warder – executive vice president and head of digital banking at KeyCorp’s – said in a recent interview that in the future, as all banking becomes digital, cryptocurrencies are going to play lar...
Tag: Banking
Crypto Prices Move in Tandem With Traditional Markets, Punishing Investors
Cryptocurrency prices are moving in lockstep with stocks and bonds like never before, punishing those who bought bitcoin and other digital assets in part to diversify their investment holdings. The th...
Terra crashed. What does it mean for other stablecoins? Here are the potential winners and losers
It’s the third day since TerraUSD, an algorithmic stablecoin designed to trade 1 to 1 against U.S. dollars, fell off its peg for an extended period of time. TerraUSD USTUSD, +4.36%, or UST, the 11th l...
Central African Banking Regulator Says Crypto Ban Still Effective – Featured Bitcoin News
An African regulator has told members of the six-nation Economic and Monetary Community of Central Africa (CEMAC) that a ban on cryptocurrencies is still effective. The regulator said the prohibition ...
Bitcoin and Ether Prices Drop in Weekend Slump
Text size Bitcoin has lost 58% since its November 2021 peak near $69,000. Dreamstime Cryptocurrency investors are getting no rest on Saturday, as digital assets resumed their decline after a midweek r...
Stock market’s ‘ultimate lows’ are still ahead as investors have not yet capitulated, says B. of A.
Investors haven’t capitulated in this year’s beaten-up stock market, according to strategists at B. of A. Global Research. With recent fear and “loathing” suggesting that stocks are prone to a bear-ma...
This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%
Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging price...
This JPMorgan portfolio manager says he isn’t betting on a U.S. recession
In a wobbly stock market, Phil Camporeale, a portfolio manager at JPMorgan Chase & Co., is betting the U.S. will avoid a recession. Rising interest rates are the “number one culprit this year for...
‘Rebalancing during this pullback is a great idea’: 6 questions to ask your financial adviser right now as stocks continue to tumble
First, consider this general guide on investing: it’s about playing the long game instead of hyperventilating over headlines and doing something drastic, financial advisers say. Now file that statemen...
Brazilian Digital Banking Giant Partners With Paxos to Offer Crypto Services
São Paulo-based Nubank, Latin America’s largest digital bank, has signed a partnership deal with blockchain infrastructure platform Paxos to support cryptocurrency trading services within its banking ...
GM and Ford Get Double Downgrades to Sell. Wells Fargo Sours on EVs.
Text size Ford F-150 Lightning electric truck Courtesy of Ford The auto industry is all-in on electric vehicles. Wells Fargo isn’t so sure that’s a great idea. Wednesday evening, analyst Colin Langan ...
Bitcoin Is Finally Breaking. Why That’s Good News for the Stock Market.
Text size Bitcoin, Ether, and other cryptos have plunged in the past week. Stocks have suffered, too. Dreamstime A cryptocurrency crash has already wiped out $600 billion in digital asset market value...
Out of 100 housing markets in America, this is the least overpriced, study finds
Baltimore is the least overvalued housing market, new study reveals. Getty Images Housing prices have risen rapidly in the past year, even as mortgage rates are on the rise with pros saying they will ...
We want to retire in a few years, and have about $1 million saved. Should I move my money to a Roth, and pay off my $200,000 mortgage while I’m at it?
Dear MarketWatch, I’m 64 and my husband is 62. We plan to work until he is at least 65, so three or four more years. We have about $1 million total in various accounts, but my own IRA has $400,000 in...
Banking Giants Citi, BNY Mellon and Wells Fargo Lead $105,000,000 Raise for Crypto Infrastructure Firm
The latest major funding round for crypto trading infrastructure firm Talos is raising $105 million from investors including banking giants Citi, BNY Mellon and Wells Fargo. In a new press release, th...
Coinbase: Customers Could Lose Crypto If It Ever Went Bankrupt
Text size Coinbase customers don’t have the same protections as bank or brokerage customers. Dreamstime As if crypto investors don’t already have enough to worry about, Coinbase Global (ticker: ...
I borrowed $50K for culinary school, but now owe $90K. How do I get out of debt?
How to get out of student loan debt Getty Images/iStockphoto Question: I went to culinary school where I received a bachelor’s degree in culinary management. At the time in 2007, I didn’t know it woul...
Retirees Face a Whirlwind Market. Here’s What Advisors Say They Should Do.
Given market conditions, retirees can be forgiven if they feel that investing right now is akin to running with scissors. Risks and uncertainties abound: spiking inflation, Federal Reserve rate hikes ...
‘We do not plan on getting married’: I’m moving into my boyfriend’s home. He bought it a year ago and paid off 25% of his mortgage. How do I get a stake in his home that’s fair to both of us?
My boyfriend and I would like to move in together in the next year or so. He bought his house about a year ago, and he has paid off about 25% of it. We both would like for me to gradually become a par...
Mark Cuban: ‘Crypto is going through the lull that the internet went through’
Billionaire entrepreneur Mark Cuban thinks that cryptocurrency is on the same downswing that tech and internet companies hit in the early 2000s. Bitcoin hit a 10-month low as U,S. stocks continued to ...
Bitcoin Keeps Plunging With No Sign of Stopping. Where the Bottom May Be.
Cryptocurrency prices tumbled over the weekend and into Monday, with Bitcoin nearing a yearly low as investors continued to dump risky assets amid a tough stock market and challenging macroeconomic ba...
Europol dismantles a parallel banking system for criminals that laundered millions
In a coordinated investigation with Europol’s Financial and Economic Crime Centre (EFECC), the Spanish Civil Guard (Guardia Civil), the German Federal Criminal Police Office (Bundeskriminalamt), and t...
‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?
Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major U.S. metropolitan area on the east coast, as I wanted to see h...