Finance

Banking

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

Photo by Nikhilesh De / CoinDesk via CC BY 2.0

The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.

1 min read

Photo by Wes Warren via Unsplash

Markets

US Home Insurance May Reach Record High

Amid an increase in severe weather events, homeowners insurance rates in the US are skyrocketing toward record highs.

2 min read
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Healthcare

Senior Housing Sees a Slight Rebound, But Major Concerns Linger

Demand for senior living facilities is inching back toward pre-pandemic levels. But how that demand will be met is still an open question.

2 min read
Photo by Energepic via Pexels

Banking

Visa, Mastercard Agree to Massive Settlement That Limits Swipe Fees

The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.

2 min read

Markets

BlackRock Is Still Getting Red-State Pushback on ESG Investments

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Investment firm BlackRock is still getting grief from conservative investing funds for its environmental, social, and governance strategies.

2 min read

Photo by Flickr via CC0 1.0

Finance

Deloitte Plans a Massive Restructuring

The world’s biggest accounting firm is looking to simplify as it nears the end of a massive growth spurt.

2 min read
(Photo Credit: Avery Evans/Unsplash)

Private Equity

Private Equity Wants Everyone’s Credit Card Debt

The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

JPMorgan Chase Patent Highlights Wall Street’s Growing AI Obsession

“The risk of not making the most of the technology is much higher.”

3 min read

Finance

Visa, Mastercard are Betting Big on Africa

Photo by Håkan Dahlström via CC BY 2.0

One study projects the continent’s digital payment ecosystem will grow 30% a year through 2025.

2 min read

Banking

New York Community Bancorp Gets $1B Cash Injection

Photo by Tdorante10 via CC BY-SA 4.0

Former Treasury Secretary Steven Mnuchin leads a team of investors hoping to settle the bank’s recent chaotic run.

2 min read

Image Credit: artJazz

Markets

European Stock Markets May Need a Makeover

Despite record highs, the region’s equities markets have fallen behind the US in star power, trading volume, and IPOs.

2 min read
Photo via U.S. Patent and Trademark Office

Patent Drop

IBM’s Patent Cuts Bias in AI Lending

IBM wants to make sure AI lenders are playing fair with its patent to weed out bias in financial machine learning models.

2 min read
(Photo Credit: Serba Sembilan/Flickr)

Markets

Warren Buffett Splashes Water on Any Great Investing Expectations

The Oracle of Omaha warned investors to not expect “eye-popping” performance in the coming years.

2 min read

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