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Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight […]

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams Read More »

Wealthy investors support Harris over Trump, new survey says

Wealthy investors support Harris over Trump, new survey says

Vice President and Democratic presidential candidate Kamala Harris speaks at the Philip Chosky Theatre during a campaign event in Pittsburgh, Pennsylvania, on September 25, 2024.  Jim Watson | AFP | Getty Images A majority of millionaire investors said they plan to vote for Vice President Kamala Harris in November, even though they give former President

Wealthy investors support Harris over Trump, new survey says Read More »

Justice Department accuses Visa of debit network monopoly that impacts price of ‘nearly everything’

Justice Department accuses Visa of debit network monopoly that impacts price of ‘nearly everything’

Justin Sullivan | etty Images The U.S. Justice Department on Tuesday sued Visa, the world’s biggest payments network, saying it propped up an illegal monopoly over debit payments by imposing “exclusionary” agreements on partners and smothering upstart firms. Visa’s moves over the years have resulted in American consumers and merchants paying billions of Dollars in

Justice Department accuses Visa of debit network monopoly that impacts price of ‘nearly everything’ Read More »

Family offices are the most bullish they’ve been in years, survey says

Family offices are the most bullish they’ve been in years, survey says

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Family offices are the most bullish they’ve been in years, putting their cash to work in stocks and alternatives as the Fed starts

Family offices are the most bullish they’ve been in years, survey says Read More »

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say

An American Airlines’ Embraer E175LR (front), an American Airlines’ Boeing 737 (C) and an American Airlines’ Boeing 737 are seen parked at LaGuardia Airport in Queens, New York on May 24, 2024.  Charly Triballeau | AFP | Getty Images American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer

American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say Read More »

Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point

Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point

Roslan Rahman | AFP | Getty Images Cryptocurrencies rose as part of a broad market rally Thursday, one day after the Federal Reserve delivered a half percentage point reduction in interest rates, the first in more than four years. The price of bitcoin was recently higher by 3.5% at $62,417.48, according to Coin Metrics, building

Bitcoin and crypto stocks rise after the Fed cuts rates by half a percentage point Read More »

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs Read More »

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle

Tsingha25 | Istock | Getty Images The Federal Deposit Insurance Corporation on Tuesday proposed a new rule forcing banks to keep more detailed records for customers of fintech apps after the failure of tech firm Synapse resulted in thousands of Americans being locked out of their accounts. The rule, aimed at accounts opened by fintech

FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle Read More »

Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF

Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF

The ripple cryptocurrency altcoin sits arranged for a photograph in London on April 25, 2018. Jack Taylor | Getty Images News | Getty Images The price of Ripple’s XRP token jumped Thursday after Grayscale announced the launch of a new trust that gives accredited investors direct exposure to the cryptocurrency.  XRP was last higher by

Ripple’s XRP jumps as much as 9% as Grayscale introduces XRP trust that could pave way for an ETF Read More »

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