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Banks

Goldman warns of hit to Q3 earnings on deal to offload GreenSky

by Adrian Jhonsan
Goldman warns of hit to Q3 earnings on deal to offload GreenSky

David Solomon, CEO of Goldman Sachs, during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York on Dec. 6, 2022. Michael Nagle | Bloomberg | Getty …

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Interest rates, fees under fire as credit card debt tops $1 trillion

by Adrian Jhonsan
Interest rates, fees under fire as credit card debt tops  trillion

Luis Alvarez | Digitalvision | Getty Images Some lawmakers and regulators are calling for interest rate caps and lower fees on credit cards as debt levels march higher. Total credit …

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Categories World

Shares of UK’s Metro Bank up 26% after securing fresh capital

by Adrian Jhonsan
Shares of UK’s Metro Bank up 26% after securing fresh capital

A close-up of a sign of Britain’s Metro Bank. Matthew Horwood | Getty Images LONDON — Shares of the U.K.’s Metro Bank were sharply higher Monday morning, after the lender …

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Metro Bank expected to struggle to raise capital with ‘no easy solutions’

by Adrian Jhonsan
Metro Bank expected to struggle to raise capital with ‘no easy solutions’

The U.K.’s embattled Metro Bank has launched talks to sell a third of its mortgage book in an urgent attempt to shore up its balance sheet. Matthew Horwood | Getty …

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U.S. bank CEOs to face Senate Banking Committee hearing

by James Odonell
U.S. bank CEOs to face Senate Banking Committee hearing

Chairman Sherrod Brown (D-OH) questions Treasury Secretary Janet Yellen and Federal Reserve Chairman Powell during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the …

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Categories Politics

Citigroup CEO sees cracks emerging among consumers

by Adrian Jhonsan
Citigroup CEO sees cracks emerging among consumers

Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO Jane Fraser. The third-largest U.S. bank by assets has been …

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Jamie Dimon says India optimism is ‘completely justified’

by Adrian Jhonsan
Jamie Dimon says India optimism is ‘completely justified’

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co. Emily Elconin | Bloomberg | Getty Images LONDON — JPMorgan Chase Chairman and CEO Jamie Dimon struck a …

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Jamie Dimon says geopolitics is the world’s biggest risk

by Adrian Jhonsan
Jamie Dimon says geopolitics is the world’s biggest risk

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, …

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JPMorgan’s UK digital bank blocks customers from buying crypto

by Ev Richard
JPMorgan’s UK digital bank blocks customers from buying crypto

Signage outside a Chase bank branch in San Francisco, California, on Monday, July 12, 2021. David Paul Morris | Bloomberg | Getty Images Chase UK, the British challenger bank brand …

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Categories Technology

JPMorgan settles Jeffrey Epstein suit by Virgin Islands $75 million

by Adrian Jhonsan
JPMorgan settles Jeffrey Epstein suit by Virgin Islands  million

JPMorgan Chase said Tuesday it will pay $75 million to settle a lawsuit by the U.S. Virgin Islands alleging that the American bank facilitated and benefited from the sex trafficking …

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