May 22, 2023
“JPMorgan Chase raised a key performance target on the heels of its government-brokered takeover of First Republic earlier this month. The bank will generate about $84 billion in net interest income this year, New York-based JPMorgan said Monday in slides… Continue Reading…
May 18, 2023
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May 18, 2023
“A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China. An Associated Press analysis… Continue Reading…
May 17, 2023
UBS the Swiss bank that took over Credit Suisse in March, appears to be the biggest winner so far from the turmoil that has rocked bank stocks this year. UBS joins JPMorgan Chase (JPM), HSBC (HSBC) and First Citizens (FCNCA)… Continue Reading…
May 17, 2023
“Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter. The pharmaceutical giant raked in over $85 billion in orders for the eight part investment-grade deal, which… Continue Reading…
May 17, 2023
“The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes to address the disparity. A study released in January by economists at Stanford University,… Continue Reading…
May 17, 2023
“Blockchain firm Ripple said Wednesday it has acquired Metaco, a Swiss firm that holds digital assets securely on behalf of clients, in a bid to expand its international footprint and broaden its range of services. News of the deal, one… Continue Reading…
May 16, 2023
“Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding shareholders about its progress in recovering from a series of scandals over its treatment of customers…” https://finance.yahoo.com/news/wells-fargo-reaches-1-billion-040526887.html And people use this bank… Continue Reading…
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