Text size Wells Fargo bank David Paul Morris/Bloomberg Wells Fargo shares got a boost early Friday after the bank’s fourth-quarter earnings easily topped Wall Street’s expectations. Profits at the San...
Tag: Banking
I retired at 50, went back to work at 53, then had a major medical issue that left me unemployed – ‘There’s no such thing as a safe amount of money’ for retirement
I had always said I was going to retire when I was 50. I had worked and saved since I was 16. Retiring without Medicare and Social Security is a scary thing. I wound up retiring then going back to wor...
Revolut Launches Banking Services in Spain Featuring Deposit Insurance – Fintech Bitcoin News
Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and ...
Citi to sell consumer banking operations to UOB in Malaysia, Indonesia
A Citibank branch in New York, U.S., on Friday, Jan. 7, 2022. Victor J. Blue | Bloomberg | Getty Images Citigroup will sell its consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam...
The IRS will ask every taxpayer about crypto transactions this tax season — here’s how to report them
Cryptocurrencies, also known as virtual currencies, have gone mainstream. That’s for sure. For example, you can use bitcoin BTCUSD, -0.21% to buy a Tesla TSLA, -6.75% and to buy or pay for lots of oth...
Student-Loan Processor Navient to Cancel $1.7 Billion of Debts
One of the nation’s largest student-loan processors will cancel the debt of 66,000 borrowers, totaling $1.7 billion, in an agreement with 40 state attorneys general. The agreements resolve all six out...
Inflation hit a 31-year high. 7 pros on how they invest during high inflation
Getty Images If you feel like you’ve been paying more for everything from food to tech products, you’re onto something: In December, consumer prices rose 7% from a year prior, which is the highest U.S...
Bitcoin and Other Cryptos Are Stabilizing. The Miners Look Like Value Plays.
Text size Dreamstime Bitcoin and other cryptos were trading higher on Tuesday, showing signs of stability after one of their longest losing streaks since 2018. Bitcoin was pricing around $42,900, up 2...
The yield curve is no longer sending a don’t-worry-be-happy signal, warns bond king Jeffrey Gundlach
The S&P 500 SPX, +0.28% snapped a five-session losing streak on Tuesday, after Federal Reserve Chairman Jerome Powell vowed the central bank would use its “tools” to get inflation under control wi...
Opinion: Four reasons why value stocks are poised to outperform growth in 2022 — and 14 stocks to consider
Investing is all about being in tune with the trends. Here’s one to be aware of for 2022: Value stocks will most likely beat their growth counterparts. The trend is already under way. Consider: * The ...
Opinion: Citadel’s $1.15 billion cash infusion isn’t a bailout but the final test of Ken Griffin’s ‘Death Star’
When you add more than a billion dollars’ worth of liquidity to a market maker that already executed more than one of every four trades in the U.S. markets on a daily basis, while simultaneously givin...
Revolut Rolls Out Banking Services to 10 More European Countries
Revolut announced on Tuesday that it has expanded its banking services to 10 more European countries, which will offer deposit protection of up to €100,000 to customers. The newly added countries are ...
These 14 bank stocks are in the best position to benefit from rising interest rates
What would you say if you were told about a company whose stock was trading much lower to expected earnings per share than the S&P 500 Index? At the same time, it’s also expected to increase EPS n...
‘She has no life insurance, savings or money’: My brother died, leaving his wife with $20,000 in debt. How can I help her?
Dear Quentin, My sister’s husband died last week. They had both lived with us for the previous nine years before moving into an independent living facility. They were there for two and a half months b...
Cloud Banking Company nCino Acquires SimpleNexus
The nasdaq-listed financial technology firm, nCino announced the completion of the acquisition of SimpleNexus, one of the fastest-growing technology companies, yesterday. The total consideration for t...
Expect more than 4 rate increases in 2022, and a lot of market volatility, says JPMorgan’s Dimon: ‘If we’re lucky’ the Fed can engineer a “soft landing.”‘
JPMorgan Chase & Co. JPM, +0.10% CEO Jamie Dimon said the consumer remains in great shape in 2022 but also said volatility could be elevated in financial markets as the Federal Reserve aims to nav...
Biogen’s Alzheimer’s Drug Aduhelm Has Another Shot at Success
Illustration by Elias Stein Text size Biogen ’s Alzheimer’s disease therapy, Aduhelm, has been a disappointment for the company since its Food and Drug Administration approval last spring, with early ...
Bitcoin Price Falls to 3-Month Low. Has It Fallen Too Fast?
Text size Bitcoin Dreamstime Bitcoin declined to three-month lows on Friday as minutes of the latest Federal Reserve meeting raised the possibility the central bank could boost interest rates as soon ...
A New Cryptocurrency Exchange to Rival Traditional Banking System
A new cryptocurrency exchange seeks to rival the traditional banking system by providing features to help crypto investors to perform all their activities needs on the platform. The exchange, named IX...
Investment Banking Giant Goldman Sachs Says $100,000 Bitcoin Price Is Possible Under These Conditions ⋆ ZyCrypto
Advertisement     Goldman Sachs foresees Bitcoin reaching the $100K mark that has eluded it since the end of 2021. Bitcoin has underperformed since the start of 2022 a...
I’m a 60 and took out student loans for my child. I owe $36K. What should I do?
Getty Images/iStockphoto Question: I’m a U.S. Army veteran, and I’ve been paying the loans I took out to send my child to college, but the interest was crushing from day one. I’m 60 and I don’t know i...
These S&P 500 stocks have cratered, but analysts think 12 can turn it around with rebounds of up to 70%
A period of high inflation and rising interest rates has taken out shares of companies with rich valuations. Then there’s the stubborn coronavirus, with variants raising infection rates and causing st...