Citi is the latest banking behemoth to give an optimistic forecast for the metaverse, which envisions the internet’s future as a collection of decentralized technology and virtual environments. Accord...
Tag: Banking
Deutsche Bank Must Face Lawsuits Alleging It Enabled Ponzi Scheme
Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme...
I’m 67 and retired with $57,000 left on my mortgage and $600,000 saved for retirement — should I pay off my home now?
I am 67 years old, single and retired at 66. After taxes, I receive $3,100 per month from a pension. After taxes and my Part B Medicare payment, I receive $2,100 per month from Social Security. I have...
My husband and I bought a retirement condo in 2008, and he died two years later. The condo is worth $50,000 more than we paid. Should I sell it now or wait?
Dear MarketWatch, I have a condo in Palm Desert, Calif., that my husband and I were going to retire to. We also have another primary residence in nearby Riverside. We bought the condo in 2008 for $363...
My financial adviser seems deeply Republican, and I’m liberal. Does this matter?
Should you let differing political beliefs impact your choice of a financial planner? Getty Images Question: I’ve worked with the same financial adviser for about 10 years — and I feel like he’s done ...
Ethereum’s major upgrade is coming. Should you be more bullish on it than bitcoin?
Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m Frances Yue, crypto reporter at MarketWatch, and I’ll walk you through the latest an...
UnionBank Raising Up To $1.1 Billion To Fund Acquisition Of Citigroup’s Philippine Consumer Banking Unit
A pedestrian walks in front of Citibank’s office in the financial district of Makati suburban Manila … [+] on November 18, 2008. Asian shares fell November 18 on mounting fears of an exten...
Klarna Launches New Division for Its Banking Business Platform
Klara’s journey into the open banking space began back in 2014 when it acquired Sofort, a German direct bank to bank payment service. Swedish fintech firm Klarna has created an open banking subdivisio...
Bitcoin Prices Steady After Crypto Heist. A Prominent Whale Is Getting Bigger.
Text size Bitcoin prices have held onto recent gains. Rutmer Visser/Dreamstime Bitcoin and other cryptocurrencies were mostly steady on Wednesday, holding onto recent gains and shaking off pressure on...
Weed is likely to remain federally illegal, but ‘cannabis banking’ could pass this year
Cannabis stocks climbed, then drifted in the days leading up to a House of Representative vote due this week on a bill to remove marijuana from the list of so-called controlled substances, effectively...
Here’s who might not need 6-9 months in their emergency fund, pros say
Does everyone need emergency expenses in a savings account? Getty Images/iStockphoto Traditional advice suggests you need 6-9 months of expenses in an accessible savings account in case of emergency. ...
Apple reportedly wants to handle its own financial services, and partners’ stocks paid the price
Apple Inc. has increasing ambitions in financial technology as it explores ways to participate in the financial-services industry more directly, according to a Wednesday report. The company is develop...
I have $80K in student loans and work 60 hours a week. How can I deal?
How to get out of student loan debt. Getty Images/iStockphoto Question: I’m strapped but want to be free. I have $80,000 in student loan debt. I work 60 hours a week in 12-hour shifts just to make en...
‘I can tolerate him for 7 months — at the most’: My husband and I live apart in the summer. Should I refinance my house and set up a joint savings account?
Dear Quentin, My husband of seven years owns a home in Minnesota, and has a mortgage. I own a home in Florida with no mortgage. We have no savings or retirement accounts. Should I pull my equity from ...
Banking Giant Morgan Stanley Prepares to Step into ETF Market
Market analysts seem to be excited about Morgan Stanley entering the ETF space. Wall Street banking giant Morgan Stanley is looking to enter the ETF market this year. In its continued push into asset ...
Robinhood extends trading hours from 7 a.m. to 8 p.m. — 3 rookie mistakes when trading stocks after hours
At 7 a.m., it can be the time for a morning coffee while 8 p.m. can be time to have supper, watch your favorite television shows, or even enjoy a glass of wine. If you have a Robinhood account, it’s a...
‘Is this a good deal, or should I run for the hills?’ My boyfriend of five years wants me to give him a $165,000 loan using his house as collateral
Dear Quentin, I would like your advice on giving a hard-money loan to the man I’ve been dating for five years. He pressed me on this issue three years ago. I didn’t do the loan then, and it was a seri...
Bank Earnings Are Coming. One Stock Analysts Like—and Another They Say to Sell.
Text size Analysts say Bank of America is positioned to do well in the current economy. Stephen Chernin/Getty Images With bank earnings coming in a few weeks, Bank of America is looking like a winner ...
‘We’re headed for a family feud’: My father offered his 3 kids equal monetary gifts. My siblings took cash. I took stock. It’s soared in value — now they’re crying foul
Dear Quentin, Several years before my father’s death, he offered me and my two siblings each an early “cash gift” from his estate in the amount of whatever the maximum non-taxable amount was at the ti...