Robinhood buys credit card fintech X1 for $95M By Cointelegraph
[ad_1] Crypto and stock trading app Robinhood (NASDAQ:) has taken a new step to diversify its business portfolio by acquiring the credit card startup X1...
Credit Suisse CEO memo signals UBS deal to close Monday – Bloomberg By Reuters
[ad_1] © Reuters. Swiss and Canton de Geneve flags are seen on a building of Swiss bank Credit Suisse in Geneva, Switzerland, June 7, 2023....
Treasury Secretary Yellen warns of commercial real estate ‘issues’ that could strain banks
““I do think that there will be issues with respect to commercial real estate.”” — Treasury Secretary Janet Yellen, in an interview Wednesday with CNBC’s...
SEC’s Gary Gensler Had Crypto in His Sights for Years. Now He’s Suing Binance and Coinbase.
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UBS considers delaying results after Credit Suisse rescue – FT By Reuters
[ad_1] © Reuters. The logo of Swiss bank UBS is seen at its headquarters in Zurich, Switzerland October 25, 2022. REUTERS/Arnd Wiegmann (Reuters) – UBS...
Amex planning to use AI for ‘approving cards and lines of credit’ By Cointelegraph
[ad_1] © Reuters. Financial services titan American Express (NYSE:) (Amex) plans to use artificial intelligence (AI) services to validate transactions, approve lines of credit, analyze...
Fed Minutes: Officials Uncertain More Rate Hikes
Minutes from the Fed’s May 2-3 meeting offered clues as to just how seriously officials considered holding interest rates steady. Anna Moneymaker/Getty Images Text size...
UBS in talks with Swiss authorities over Credit Suisse deal protections By Reuters
[ad_1] © Reuters. FILE PHOTO: A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. REUTERS/Denis Balibouse (Reuters) -UBS Group AG...
Bond Selloff Adds to the Pressure on Regional Banks: WSJ
Rising yields on debt threaten higher borrowing costs for lenders. Meanwhile, shares of regional banks were down, as PacWest said it lost 9.5% of total...
America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money
I would not want to be in the seat of Federal Reserve chair Jerome Powell. Whether the Fed continues to hike interest rates or not,...