Bank of America

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

Advisor Upside

Schwab, Blackstone Among Firms Fined By SEC Over Off-Channel Comms

Photo by Amanz via Unsplash

The controversial enforcement actions have been called a “cash cow” by Commissioner Hester Peirce.

2 min read

Markets

Trading Windfall Pushes Wall Street to Surprisingly Strong Quarter

Photo by Brendon Spring via Pexels

How’d the financial giants — namely, Goldman Sachs, Citigroup, and Bank of America — make out this quarter? Surprisingly well, it turns out.

2 min read

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