(Bloomberg) — When Ulrich Koerner unveiled a plan to salvage Credit Suisse Group AG in October, the chief executive officer promised to create a new bank. His subsequent failure to reverse a sta...
Tag: Credit
5 habits people with near-perfect credit scores have
Folks with exceptional credit scores also share similar financial habits when it comes to their debt obligations. That’s the conclusion from a recent LendingTree study that analyzed 100,000 credit rep...
Buy in Early to the Most Innovative Carbon Credit Solution for Electric Vehicle Drivers – Best Presale in 2023?
Join Our Telegram channel to stay up to date on breaking news coverage With investors searching far and wide for crypto projects that have a great chance to bring innovation and value to the industry ...
IRS says people in most states who got inflation-relief payments don’t have to report it on their taxes. Here’s where.
The IRS is not going to tax payments from most of the states that cut checks to residents last year in order to help them defray rising living costs. This week, the IRS has been trying to determine if...
‘Cash is the cool kid on the block’: High-yield savings accounts, Treasury Bills, money market funds, and CDs — here’s where your cash can earn up to 4.5%
Cash isn’t just the dollar bills you put in your pocket — in this market, it might seem to be a patch of steady ground. There are multiple options: People can put their money in high-yield savings acc...
‘You may want to think about a CD.’ Some CDs pay 4.5% or more right now. Should you get one?
The latest rates on CDs Getty Images/iStockphoto Certificates of deposit certainly don’t make headlines like, say, certain stocks do, but right now they maybe should. Indeed, many CDs — a type of savi...
‘Is my financial planner crazy?’ We’re 55 and 60, five years from retirement and were told we should invest more aggressively
Dear MarketWatch, Is my financial planner crazy? I recently saw a MarketWatch article that recommended that one’s retirement portfolio should be 100 minus their age in stocks or perhaps even more co...
Crypto tumble as concerns over regulation intensifies
Bitcoin tumbled to a three-week low Thursday, as crypto exchange Kraken halted its staking program and agreed to pay $30 million to settle charges brought by the US Securities and Exchange Commission....
PayPal CEO Dan Schulman plans his exit as earnings return to growth
Only one thing was missing from PayPal Holdings Inc.’s packed fourth-quarter earnings report, which brought upbeat profit performance, a new user metric and the announcement of Chief Executive Dan Sch...
Coinbase Warns of ‘Staking’ Crackdown. The Stock Is Tumbling.
Text size Coinbase CEO Brian Armstrong. Patrick T. Fallon/AFP via Getty Images The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process ...
Elderly man fought Chase bank for years to recover stolen funds before his death
In the spring of 2020, James Vesey worked at a U.S. Postal Service building in midtown Manhattan, sorting mail and unloading trucks. With stringent security protocols in place at the federal facility,...
PayPal earnings: What to expect
The world of online checkout continues to heat up, and investors want to see how digital-payments pioneer PayPal Holdings Inc. is holding its own. After a rough year for PayPal PYPL, -1.63% highlighte...
Older workers are fooling themselves when it comes to work, money and caregiving
Denial runs deep when it comes to money and retirement. Older adults are working longer, but at first blush they contend they are working because they want to. Only when pressed do they admit they nee...
Small businesses fight credit card swipe fees
Sol Dias Ice Cream, in the Dallas metro area, draws in customers with its award-winning mango sorbet and flavors with a Mexican twist like “tequila” and “queso.” The unique fla...
Credit Suisse reports ‘completely unacceptable’ numbers for its Q4
Credit Suisse Group AG (NYSE:CS) is trading down on Thursday after reporting another quarterly loss as net asset outflows climbed sharply to CHF 110.5 billion ($120.3 billion). Credit Suisse needs to ...
Tapestry, Credit Suisse, Disney and more
CNBC: Coach Store Harry Reid International Airport A Coach store inside Harry Reid International Airport. Check out the companies making the biggest moves in premarket trading: Tapestry — The company...
DeFi securitization of real-world assets poses credit risks, opportunities: S&P
Decentralized finance’s (DeFi) use case in traditional finance could grow in the coming years as new protocols attempt to support the securitization of real-world assets, according to a new research r...
How Ares Management Turned Private Credit Into Wall Street’s Sexiest Business
Megadeals and private equity titans may dominate the headlines, but Los Angeles’ Ares Management has quietly amassed $352 billion in assets by offering steady returns regardless of what happens in the...
Wealthy clients pulled more than $100 billion from Credit Suisse in the fourth quarter
Beleaguered Swiss banking giant Credit Suisse on Thursday revealed that wealthy clients pulled 92.7 billion francs ($101 billion) out of the bank in the fourth quarter. Credit Suisse said two-thirds o...
Credit Suisse posts massive annual loss as ‘radical’ restructure gets underway
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse’s restructuring plans include the sale of part of th...
Affirm to lay off 19% of staff, stock tanks after earnings disappointment
Affirm Holdings Inc. announced plans to cut 19% of its staff Wednesday following an earnings report in which the buy-now-pay-later company came up shy with both its results and outlook. “The root caus...
15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis
Corrected dividend stock screen table, because Hanesbrands had eliminated its dividend on Feb. 2. See note above table. If you are investing in dividend stocks, the last thing you want to see is a com...
‘And then 2022 happened’: I borrowed $500,000 from friends and family to invest in the stock market, foolishly promising a 10% return. Can I avoid legal action?
Dear Quentin, I am a budding options/futures trader with my own sole proprietor investment business. Heading into 2022, I took on a large cash infusion of $500,000 from friends and family under the g...
Affirm earnings: What to expect from the buy-now-pay-later company
After robust growth for buy-now-pay-later services in the prior holiday season, Affirm Holdings Inc. is still expected to have increased its top line in the most recent December quarter, but at a much...
Suze Orman says this is the $1-$2 mistake that can ‘creep into’ too many of your financial decisions — and it could cost you tens of thousands of dollars
Finance guru Suze Orman recommends asking yourself: “Are your needs as inexpensive as possible?” Getty Images for WICT Saving a dollar or two here and there may seem trivial, but finance guru Suze Orm...
‘I am watching my inheritance evaporate’: My brother and sister constantly hit our parents up for money. What can I do to stop this?
I am 46 and single. I have a good job and own my own home but live modestly. I have been fortunate not to have had to ask my parents for anything over the years. My brother and sister, by contrast, ha...
‘Edge of a swamp’: JPMorgan strategist sees ‘one time only sale’ in fixed income as U.S. economy slows
Fixed-income yields “all look good,” and you might want to get some while you still can, according to JPMorgan Chase & Co.’s David Kelly. It’s a “one time only sale,” said Kelly, chief global stra...
Here’s exactly when the majority of families start saving for college — but experts say that’s simply not good enough
Indeed, should you pull a Swift one and start thinking about your kids’ college — or even saving for it — before your kids are born? Valerie Macon/Agence France-Presse/Getty Images Taylor Swift, with ...
We’re retired and recently lost $100K from our portfolio. Our adviser said ‘we could lose another $100K in 2023.’ Is that crazy?
Should you decide to switch advisers, be clear about your expectations and get a good understanding of the new adviser’s investment philosophy. Getty Images/iStockphoto Question: I retired in October ...
Sell your Bank of America shares now, says KBW
Shares of the largest U.S. banks have been performing well so far this year, but David Konrad of Keefe, Bruyette and Woods believes the party is over for Bank of America Corp. Konrad downgraded Bank o...