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Banks

Standard Chartered-owned crypto firm Zodia launches in Singapore

by Ev Richard
Standard Chartered-owned crypto firm Zodia launches in Singapore

A view of the Standard Chartered bank in Singapore, May 3, 2023. Caroline Chia | Reuters Zodia Custody, a company that helps large institutions store their crypto, launched in Singapore …

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Categories Technology

Italy’s tax on bank profit continues to prove controversial

by Adrian Jhonsan
Italy’s tax on bank profit continues to prove controversial

European bank shares dropped significantly in August after a surprise announcement from the Italian government for a new tax. Stefano Montesi – Corbis | Corbis News | Getty Images Italy’s …

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Categories World

Why did the unemployment rate and jobs rise in tandem?

by Adrian Jhonsan
Why did the unemployment rate and jobs rise in tandem?

A hiring sign is pictured at a McDonald’s restaurant in Garden Grove, California on July 8, 2022. Robyn Beck | Afp | Getty Images This report is from today’s CNBC …

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Categories World

JPMorgan flagged over $1B in Epstein transactions to Treasury

by Adrian Jhonsan
JPMorgan flagged over B in Epstein transactions to Treasury

Jeffrey Epstein in Cambridge, MA in 1984. Rick Friedman | Corbis News | Getty Images JPMorgan Chase notified the Treasury Department of more than $1 billion in suspicious transactions by …

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Categories World

Analysts react to blowout UBS earnings

by Adrian Jhonsan
Analysts react to blowout UBS earnings

Swiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice Coffrini | …

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Categories World

Europeans hit out at banks for not passing on higher rates

by Adrian Jhonsan
Europeans hit out at banks for not passing on higher rates

A customer exits a Piraeus Bank SA bank branch in Thessaloniki, Greece. Bloomberg | Bloomberg | Getty Images “They just want profits, they don’t think about people.” Those words from …

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Categories World

UBS shares jump to 2008 highs after profit beat, job cuts announcement

by Adrian Jhonsan
UBS shares jump to 2008 highs after profit beat, job cuts announcement

General view of the UBS building in Manhattan on June 5, 2023 in New York City. Eduardo Munoz Alvarez | View Press | Corbis News | Getty Images UBS shares …

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Categories World

Wells Fargo repays clients $40 million for investment advice fees

by Adrian Jhonsan
Wells Fargo repays clients  million for investment advice fees

Spencer Platt | Getty Images News | Getty Images Wells Fargo paid back $40 million to almost 11,000 customers who for years were overcharged on fees for investment advice, the …

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Categories World

These banks are solid and cheap. But investors should be cautious

by Adrian Jhonsan
These banks are solid and cheap. But investors should be cautious

With the banking sector facing a myriad of crosscurrents — including stricter government regulations, higher interest rates and scrutiny from U.S. rating agencies — financial stocks are looking cheap. But …

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Categories World

Why and how decarbonization became a megatrend

by Adrian Jhonsan
Why and how decarbonization became a megatrend

Rama Variankaval, global head of the center for carbon transition for JP Morgan Securities LLC, speaks during the Aspen Ideas: Climate conference in Miami Beach, Florida, US, on Thursday, March, …

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Categories World
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