Browsing: Banks
Joe Biden’s plan to slash $14 billion in credit-card late fees is halted by a federal judge in Texas
A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards…
Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’
Barry Sternlicht, co-founder, chairman, and CEO of the $115 billion real estate giant Starwood Capital Group, is worried about the…
“Climate risk is financial risk” is an increasingly ubiquitous incantation. It is frequently invoked in discussions about shareholder proposals, the…
Finance returns to office as Wall Street North (NYC) and South (Miami) blow other markets out of the water with cubicles over 80% full
The return-to-office rate in New York City has reached a fever pitch, with a leading provider of foot traffic data…
Amid commercial real estate crash, offices are ‘once in a generation’ buying opportunities, top developer says
It’s been 30 years since the commercial real estate market was this bad—and that represents a generational entry point for…
JPMorgan hikes dividends after Jamie Dimon knocks Jerome Powell’s plan for higher capital requirements
JPMorgan Chase & Co. unexpectedly lifted its dividend 9.5% in the wake of a record annual profit and as regulators…
British banks scramble after a Big Lebowski-inspired ‘Dudeist priest’ in Northern Ireland filed hundreds of false documents
Bosses at some of the U.K.’s largest banks faced confusion and chaos after discovering hundreds of fake documents relating to…
Jamie Dimon is unfazed by the $36 billion Capital One-Discover merger that could leapfrog JPMorgan: ‘Let them compete’
The finance behemoth created by Capital One’s pending merger with Discover would immediately surpass credit card leader JP Morgan Chase,…
The ‘prophet of urban doom’ says a 1970s-style ‘doom loop’ is here for New York City, and it’s just the first inning of the ballgame
As nicknames go, Columbia Business School professor Stijn Van Nieuwerburgh has a doozy. The gray lady herself, The New York…
What opportunities and risks does DeFi (Decentralized Finance) pose for the future of banking? originally appeared on Quora: the place…