The feds have charged a former top banker at Goldman Sachs and JPMorgan Chase with bilking investors out of more than $4 million — then gambling it all away while claiming he was building a cryptocurrency startup. Richard Kim, who had served as Goldman’s chief operating officer of global foreign exchange and emerging markets trading
As second-quarter earnings continue to roll in, REITs are consistently beating forecasts and increasing guidance. But for many of the firms, their stock price doesn’t reflect those changes. REIT stocks fell faster than the overall Dow Jones Industrial Average in the last week of July as investors, unimpressed with the positive results, sold out. REIT
By Jon Brown, Christian Post Reporter Tuesday, August 05, 2025 Flowers stand in front of a Chase sign at a bank branch inside the JPMorgan Chase headquarters on May 14, 2012, in New York City. | Getty Images/Justin Sullivan President Donald Trump claimed Tuesday that two major banks discriminated against him for political reasons, a
hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Mastercard CEO Michael Miebach expects the open banking trend to keep gaining ground, and seems to prefer that over banks charging for consumer data. The card network chief gave his view on the
(Reuters) -Citigroup has hired Pankaj Goel from JPMorgan Chase to co-lead its technology investment banking, according to a memo seen by Reuters on Tuesday. Goel, who has more than twenty years of technology experience, was most recently global chair of technology investment banking at JPMorgan, according to the memo, signed by Citi’s head of North
A money manager to some of Hong Kong’s richest individuals will start investing in cryptocurrency, as more favourable regulations attract a wider array of investors to the digital-asset sector. VMS Group, a multifamily office with just under US$4 billion in assets under management, plans to allocate up to US$10 million to strategies run by decentralised-finance
Jamie Dimon isn’t a fan of bitcoin, but he plans to start offering it to clients of JPMorgan Chase, nonetheless. “We are going to allow you to buy it. We’re not going to custody it. We’re going to put it in statements for clients,” Dimon said Monday at the bank’s annual presentation for investors. “I
Charlie Javice, founder of Frank, exits federal court in New York, US, on Friday, March 28, 2025. … More Javice was found guilty of defrauding JPMorgan Chase & Co. in its $175 million acquisition of her student-finance startup, Frank, following a six-week trial. Photographer: Christian Monterrosa/Bloomberg © 2025 Bloomberg Finance LP OBSERVATIONS FROM THE FINTECH
One of the hallmarks of the banking industry, and indeed many sectors of the overall stock market, is seasonality. Some businesses simply tend to perform better during different times of the year due to both consumer trends and macroeconomic factors. These types of stocks are known as cyclicals, and banks are among the most prominent.