CEO of $4.8 billion fintech Wise faces investigation over tax breach


The CEO of £3.9 billion ($4.8 billion) fintech firm Wise is being investigated by U.K. regulators after tax authorities found he failed to pay a tax bill worth over £720,000....
27.06.22

FAST MONEY ‘Apathetic’ investors will embrace banks: RBC top analyst predicts comeback in year’s second half


Investors who are “apathetic” or negative toward banks will change their stance in the year’s second half, according to RBC Capital Markets’ top banking analyst....
26.06.22

JPMorgan Chase tells employees the bank will pay for travel to states that allow abortion


JPMorgan Chase, one of the largest employers in the U.S. financial industry, told workers that it will pay for travel to states that allow legal abortions, according to a memo first obtained by CNBC....
24.06.22

Consumer watchdog eyes crackdown on credit card late fees as inflation threatens to increase them


The Consumer Financial Protection Bureau signaled a crackdown on late fees charged by credit card companies on Wednesday, as inflation threatens to increase those so-called “junk” fees levied on consumers....
22.06.22

Morgan Stanley CEO James Gorman sees 50-50 odds of recession ahead


The odds of a recession may be climbing as the Federal Reserve wrangles with inflation, but it’s unlikely to be a deep one, according to Morgan Stanley CEO James Gorman....
13.06.22

The next frontier for buy now, pay later is plastic


In the face of rising inflation, higher interest rates and slowing economic growth, there’s more competition than ever for consumers’ dollars — and even how their purchases are made....
10.06.22

Credit card balances spike to $841 billion after stimulus checks helped reduce debt


For many Americans, the pandemic-induced slowdown offered a rare opportunity to better their financial standing....
09.06.22

Inflation is the ‘biggest poison’ for the global economy as recession risk rises, Deutsche Bank CEO says


Europe and the U.S. face a high likelihood of recession as central banks are forced to aggressively tighten monetary policy to combat inflation, according to Deutsche Bank CEO Christian Sewing....
11.05.22

European Central Bank holds emergency meeting to discuss market rout


The European Central Bank is holding an emergency monetary policy meeting Wednesday, after bond yields surged in recent days for many governments across the euro zone....
15.04.22