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Fintech

$197,700,000,000 in Deposit Flight Hits US Banks in Three Months As Billions of Dollars Piled Into Money Market Funds: Report

Depositors are pulling billions of dollars out of the traditional banking system, according to a new report from the Federal…

October 11, 2024

JPMorgan Chase, Wells Fargo Shares Surge As US Banks Beat Wall Street Expectations

JPMorgan Chase shares are up nearly 5% after the banking giant posted surprising strong Q3 earnings results. Chase reported a…

October 11, 2024

$34,000,000,000 Owed To Customers at American Express, JPMorgan Chase and Capital One As Reward Hoarders Get Squeezed: Report

Customers at American Express, JPMorgan Chase and Capital One have racked up billions of dollars in unspent credit card points…

October 11, 2024

Stripe To Roll Out Support for USDC Payments on Ethereum, Solana and Polygon in Over 150 Countries

Payments giant Stripe is announcing global support for USDC settlements over the Ethereum (ETH), Solana (SOL), and Polygon (POL) blockchains.…

October 10, 2024

VanEck Launches New $30,000,000 Venture Fund Focused on Crypto and Artificial Intelligence

Investment management giant VanEck is launching a new multimillion-dollar venture fund focused on crypto and artificial intelligence (AI). In a…

October 9, 2024

US Banks Under Pressure As JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs and Citi Battle Shrinking Margins: Report

The biggest banks in the US are preparing to report a third quarter marked by shrinking margins and declining profits,…

October 9, 2024

JPMorgan Chase, Bank of America and Five Wall Street Giants Forecast Relentless Rally for One Asset in 2025: Report

Seven Wall Street giants including JPMorgan Chase and Bank of America believe one asset is primed to rally in the…

October 4, 2024

Bank of America Confirms Massive Outage and $0.00 Account Balances As JPMorgan Chase, Wells Fargo Customers Report Digital Banking Disruptions

Bank of America customers are reporting massive issues with online and mobile banking. The site monitoring service Downdetector shows tens…

October 2, 2024

Goldman Sachs Forecasts Weaker Dollar As Fed Begins Interest Rate Reversal: Report

Banking giant Goldman Sachs is forecasting a weaker US dollar following the interest rate reversal from the Federal Reserve. In…

September 29, 2024

$1,100,000,000,000 Pours Into US Banks Amid High Interest Rates As JPMorgan Chase, Bank of America Pay Pittance To Depositors: Report

US banks have reportedly raked in more than $1 trillion after two and a half years of the Fed's "higher…

September 28, 2024