Bank of America

Finance

New York Accuses Bank-Backed Zelle of $1 Billion Security Bungle

Photo via Rubaitul Azad

Zelle was launched in 2017 as an alternative to peer-to-peer payment platforms like PayPal and its subsidiary Venmo.

2 min read

Photo via Milo Hess/ZUMAPRESS/Newscom

Blockchain

How Stablecoins Are Squaring the Circle a Month After GENIUS Act’s Passage

Stablecoins are seen as a lower-risk entry point into crypto because their value is tied to another asset, usually the US dollar.

2 min read
Photo by Andrea Natali via Unsplash

ETF Upside

Rich Investors Eschew Financial Advice, Trade ETFs Frequently

Wealthier people are less likely to value financial advice, but there are consequences to trading ETFs outside of advisory relationships.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photos by Hammad Khan via iStock and Chris Kleponis/ZUMAPRESS/Newscom

Blockchain

Stablecoins Are Here to Stay. Who Stands to Gain From Them?

Companies that have been waiting on the crypto sidelines are likely about to jump in the game following the passage of the GENIUS Act.

4 min read

Banking

Inflation Data and Bank Earnings Kick Off a Crucial Test for Markets

Photo by Aditya Vyas via Unsplash

The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.

2 min read

Photo by Yusuf Miah via Pexels

Banking

HSBC Waves Caution Flag for Wall Street Giants

The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.

2 min read
Photo via John Angelillo/UPI/Newscom

Markets

Improving S&P 500 Outlook Signals Revival of TINA Trade

The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

Blockchain

Fiserv Connecting Thousands of Banks to Crypto with New Stablecoin Platform

Financial institutions are racing to get into stablecoins as the Genius Act makes its way toward POTUS Trump’s desk.

2 min read

Personal Finance

AmEx Platinum, Chase Sapphire Reserve Battle for Points in Upgrade Grudge Match

Photo by CardMapr.nl via Unsplash

The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.

1 min read

Ursula von der Leyen, President of the European Commission. Photo via Abaca Press/Monasse Thierry/ANDBZ/Abaca/Sipa USA/Newscom

Banking

Europe Delays Stricter Banking Rules to Keep ‘Level Playing Field’ With US Rivals

The new rules are part of the Basel III reforms that were introduced in 2017 and designed in response to the 2008 financial crisis.

2 min read
Photo by João Vincient Lewis via Unsplash

Banking

Unshackled Wells Fargo Fights to Regain Momentum Lost in Penalty Box

Wells Fargo shares rose over 2% early Wednesday, hitting a three-month high, after the Federal Reserve lifted its asset cap on the bank.

2 min read
Photo by Victor Golmer via iStock

Electric Vehicles

CATL Comes Fully Charged in Hong Kong Debut

CATL — blacklisted by the US Department of Defense in January for alleged ties to the Chinese military — pulled off the best IPO of the year.

2 min read

Advisor Upside

Real Assets, like Property and Timber, Pique Interest Amid Volatility: Bank of America

Photo by Ruben Hanssen via Unsplash

Real assets exhibit little correlation to traditional stocks and bonds, making them highly desirable among clients in these volatile times.

1 min read

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