Finance

Banking

Regulators Point the Finger at Banks for Overdraft Fees, Fintech Records

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Two US financial regulators told banks Tuesday to step up protections for consumers: for overdraft fees and tracking fintechs.

1 min read

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Big Tech

Wall Street Spreads More Love Outside of Big Tech

Investors are pivoting away from the Magnificent Seven, favoring the rest of the S&P 500.

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

Patent Drop

JPMorgan Chase Patent Highlights Risk of AI Bias in Banking

A growing footprint in AI increases risk — especially when it comes to lending and risk analysis.

2 min read
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Finance

PwC Slashes 1,800 Jobs in First Mass Cuts Since 2009

PricewaterhouseCoopers said it will lay off 1,800 staff members at its US unit next month. It will impact 2.5% of the unit’s employees.

1 min read

Banking

Fed Majorly Backtracks on Proposed Bank-Capital Hike

Photo by Thomas Belknap via CC BY-SA 1.0

The proposal to hike holdings for the biggest lenders to buttress market shocks was sliced more than in half.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photo by Andrey Krav via iStock

Markets

Can a Texas Stock Exchange Really Lock Horns with Wall Street?

The Texas Stock Exchange is hoping to become the center of a new financial mecca in the Lone Star state when it launches next year.

4 min read
Image Credit: iStock, A.Greeg

Finance

Warfare is ESG Now

Defense stocks are taking up a growing slice of the ESG (environmental, social, governance) pie. Reports attribute that to the war in Ukraine.

1 min read
Photo via NVIDIA Media Assets.

Technology

Nvidia Beats Revenue and Profit Expectations, But Was It Enough?

Yesterday was Nvidia Day: The AI giant handily beat revenue and profit forecasts, and issued third-quarter guidance that beat expectations.

2 min read

Private Equity

Private Equity Firms to Commit $12 Billion for NFL Team Stakes After League Vote

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As the price of franchises soar, shrinking the pool of would-be acquirers, NFL owners are rethinking their aversion to private equity.

2 min read

Regulation

Carl Icahn Settles SEC Charges He Hid Billions in Loans Backed by Company Stock

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Famed activist investor Carl Icahn agreed to pay $500,000, and his Icahn Enterprises $1.5 million, to settle civil charges from the SEC.

1 min read

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