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Fintech

$413,200,000,000 in Unrealized Losses Hit US Banks As FDIC Warns Rising Rates Adding Pressure

US banks are now saddled with $413.2 billion in unrealized losses on their balance sheets. In its new Quarterly Banking…

May 30, 2025

US Banks Amass $88,660,000,000 Cash Stockpile in Just Three Months As Lenders Abruptly Hoard Assets: S&P Global

US banks are piling cash onto their balance sheets while showing a weak appetite for lending, according to the financial…

May 25, 2025

Wells Fargo Confirms Widespread Outage After Customers Report Issues With Account Access, Balances, Zelle Transfers and Other Transactions

Wells Fargo has confirmed a mass outage that has prevented customers from accessing their accounts. Customers began reporting issues on…

May 18, 2025

Capital One Paying $425,000,000 To Customers After Allegedly Cheating Clients Out of Higher Returns on Bank Balances

US financial giant Capital One will hand $425 million to customers in a massive class action settlement. Account holders accused…

May 18, 2025

Robinhood Acquires Kevin O’Leary-Backed Crypto Firm WonderFi for $179,000,000

The retail trading giant Robinhood is taking over a crypto firm touted by Shark Tank's Mr. Wonderful, Kevin O'Leary. According…

May 13, 2025

Coinbase Stock (COIN) Explodes 20% As US Crypto Giant Gets Ready to Join S&P 500

Shares of Coinbase (COIN) are up big following news that the company will be joining the S&P 500 index later…

May 13, 2025

Mark Zuckerberg’s Meta in Talks With Crypto Firms To Launch New Stablecoin: Report

Facebook parent company Meta is reportedly eyeing a venture into stablecoins amid growing interest and demand for the digital asset…

May 12, 2025

JPMorgan Chase, Bank of America, Wells Fargo and Citigroup Set Aside $34,866,300,000 for Credit Losses Amid Rising Macro Uncertainty: S&P Global

JPMorgan Chase, Bank of America, Wells Fargo and Citigroup are collectively setting aside tens of billions of dollars to cover…

May 10, 2025

Lawsuit Alleging Citigroup Orchestrated and Concealed Fraud, Triggering $1,000,000,000+ in Losses Moves Forward

A revived lawsuit accuses Citigroup of orchestrating a more than $1 billion fraud at Oceanografia, a now-bankrupt Mexican oil and…

May 9, 2025

Tether CEO Paolo Ardoino Unveils New Science Fiction-Inspired Artificial Intelligence Venture

The company behind the world's biggest stablecoin is diving head-first into artificial intelligence with a new AI platform. According to…

May 5, 2025