Discussions with central bankers at a conference a couple of years ago prompted economist Eswar Prasad to start writing what he anticipated would be a slim volume on how digital currencies could affec...
Tag: Credit
Wells Fargo Won an Investor Dispute. Judge Says It Gamed the System.
In 2017, Brian Leggett, a Wells Fargo customer, filed an arbitration claim against the bank and one of its financial advisors, accusing them of negligence and breach of fiduciary duty in how they hand...
UNIFY to Become the First Credit Union Allowing Members to Hold Bitcoin
By partnering with the bitcoin-centered company New York Digital Investment Group (NYDIG), UNIFY will become the first credit union to offer BTC services to its members. The collaboration was also joi...
‘My husband refuses to pay my student loans.’ Is there some loophole to get him to pay?
How can you get out of student loan debt faster? Getty Images/iStockphoto Question: I am married but unemployed, and my husband refuses to pay my student loans, which I had before we were dating. Do I...
Tribal Credit raises $60 million in SoftBank-led Series B round
San Francisco-based Tribal has raised $60 million in an oversubscribed Series B funding round led by the SoftBank Latin America Fund, and plans to use the funds to expand in the Latin America region. ...
Credit Suisse Appoints Michael Bonacker as Bank’s Vice Chairman
Credit Suisse, a global investment bank based in Switzerland, has today announced the appointment of a senior Oliver Wyman adviser, Michael Bonacker, as the bank’s vice chairman of investment banking ...
Should You Buy PayPal Stock After Its Big Drop? Don’t Rush In.
PayPal refrained from reiterating growth targets, trimmed its forecasts, and said it was shifting strategy away from growing its user base in its latest earnings. Dreamstime Text size PayPal Holdings ...
Here’s Why PayPal Stock Fell Down So Much Today
Text size PayPal stock is on pace for its worst percentage decline on record. Getty Images PayPal stock was in free-fall as investors—and Wall Street—reassessed the payments company after it issued a ...
Exelon Stock Price Has ‘Plunged.’ Its Value Hasn’t Changed.
Text size A hazardous radiation warning sign is displayed at the reactor building of the Exelon Peach Bottom Atomic Power Station in Delta Pennsylvania. Melissa Lyttle/Bloomberg The price of Exelon st...
PayPal Is Plunging. Wall Street Is Reassessing the Stock.
Text size PayPal stock pointed 19% lower in premarket trading Wednesday. Getty Images PayPal ‘s fourth-quarter earnings, and particularly its disappointing outlook, are spooking investors. Wall Street...
Credit Suisse to Face Class-Action Lawsuit in the US for FX Rigging
Credit Suisse is going to face a class-action lawsuit brought by investors in the United States for foreign exchange (forex) rigging as a New York court judge refused the bank’s appeal for the dismiss...
The ‘best job in America’ pays $145,000, has 14,000 job openings — and offers a generous work-life balance
A six-figure salary and the option to work from home? It sounds too good to be true. Job openings are rising, while workers continue to quit. The number of vacant jobs hit 10.9 million in December, up...
PayPal stock sinks after earnings as inflation, spending pressures weigh on outlook
PayPal Holdings Inc. largely matched expectations for its holiday quarter but shares plunged late Tuesday after the company delivered an earnings forecast that came up shy of expectations. Shares were...
Credit Suisse Launches New Wealth Management Structure
On Monday January 31, Credit Suisse Wealth Management division, in line with its new management structure to revamp its business areas for Europe and Latin America, announced the appointment of Christ...
More than one-third of Americans say they’ve never had a retirement account
Never had a retirement account? You’re not alone – 36% of American workers said they’ve never had a retirement account, such as a 401(k) plan or an IRA, a new Bankrate survey found. Generation Z and ...
Tesla stock ‘checks all the boxes,’ soars 8% after Credit Suisse upgrade
Tesla (TSLA) stock soared 8% on Monday on the heels of an upgrade from analysts at Credit Suisse. Shares of the electric vehicle giant are at an attractive entry point and “checks all the boxes...
Opinion: AT&T and 4 more unloved dividend stocks to buy in a ‘risk-off’ era
With stocks off to one of their worst starts to the year since the 2008-2009 financial crisis, it’s no longer crazy to talk about a sustained period of market volatility or a prolonged “risk off” envi...
Tesla climbs more than 10% on Monday after Credit Suisse upgrade
A Tesla mobile service vehicle outside a dealership in Vallejo, California, U.S., on Tuesday, Oct. 19, 2021. David Paul Morris | Bloomberg | Getty Images Shares in electric vehicle maker Tesla climbed...
Credit Suisse to Defend $45M Penalty Order in Swiss Court
Swiss federal prosecutors are seeking around 42.4 million Swiss francs ($45 million) in penalties from Credit Suisse for its involvement in serious anti-money laundering breaches. The trial against th...
Credit Suisse Onboards Robery Huray as SE Asia Investment Banking Vice-Chairman
Credit Suisse announced that it has onboarded Robery Huray as its South East Asia Investment Banking Vice-Chairman, effective January 2022. Finance Magnates recently learned from a press release that ...
Giant Bank Bought Up Apple, Comcast Stock. It Dropped AT&T and Visa.
Text size German banking giant Commerzbank bought up Apple stock in the fourth quarter. Dreamstime A German banking giant made some abrupt changes in its U.S.-traded investments. Commerzbank initiated...
U.S. Stock Futures Poised for Lower Open on Monday
Stocks are poised to open lower on Monday. Michael Nagle/Bloomberg Text size Here’s what you need to know to navigate the markets today. • U.S. stocks are set to open Monday slightly down. On Sunday n...
Visa Stock Is Rising After Earnings Report. May Break Away From Mastercard.
Text size Stock in Visa was up nearly 9% on Friday morning. Roy Rochlin/Getty Images Visa stock achieved its biggest bounce in nearly two years as investors responded to surprisingly strong financial ...
‘The company is a household name’: My husband’s tech firm gave him stock. It’s now 40% of our net worth. Should we diversify or hold?
Dear Quentin, My husband and I disagree as to whether he should diversify his tech stock. He was granted this stock during his five years employed with a tech company. It wasn’t worth much at the time...
Many Americans could miss this key tax credit this year
For the first time this year, millions of Americans may qualify for a particularly generous tax break — the Earned Income Tax Credit (EITC) — thanks to an expansion of its eligibility requirements. &#...
‘We do not want him to receive anything from our estate’: How do we ensure our son-in-law does not get his hands on our money?
Dear Quentin, My wife and I are in our 70’s and have one daughter as the sole beneficiary to our estate. We live in Ohio. She is separated from her husband, and it doesn’t appear that they will be get...