Daniel Mangrum and Crystal Wang discussed the effects of pandemic-related policy actions on student loan balances, repayment rates, and delinquent loans. This article focuses on how these changes […]
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Prosecutor Claims Frank Founder Misled JPMorgan Chase in $175 Million Deal
NEW YORK (AP) — A prosecutor argued that a Florida woman executed a ‘brazen fraud’ by exaggerating her student aid startup’s customer base to sell it to JPMorgan […]
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UBS Proposes Capping Investment Bank Size to Satisfy Swiss Regulators
UBS has put forth a proposal to restrict the size of its investment banking division in an effort to meet the demands of Swiss regulators. This move aims […]
Banks
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UBS Offers Concessions to Swiss Regulators Amid Capital Demands
ZURICH, March 26 (Reuters) – Two years after acquiring Credit Suisse to form a Swiss banking giant, UBS is attempting to avoid stricter regulations by proposing to limit […]
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Morgan Stanley Raises Chinese Stock Targets on Earnings Optimism
Morgan Stanley has increased its targets for Chinese stocks, driven by moderate increases in earnings growth forecasts and higher valuation targets. The U.S. bank noted that earnings results […]
Banks
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GameStop Doubles Down on Bitcoin, Plans Store Closures in 2025
GameStop announced a strategic rebranding effort to integrate bitcoin into its core business operations, describing it as “a natural evolution.” This move follows U.S. President Donald Trump’s recent […]
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Trump-backed crypto bank launches stablecoin USD1
World Liberty Financial, a decentralized finance venture supported by former President Donald Trump and his family, has introduced a stablecoin named USD1. This new stablecoin is pegged to […]
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Affirm partners with JPMorgan Chase to offer buy now, pay later loans
Fintech lender Affirm has announced a partnership with JPMorgan Chase to integrate its buy now, pay later loan services into the bank’s payment network. This allows U.S. merchants […]
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Wealthy Investors Use Insurance to Tap Private Credit Without High Tax Bills
Private credit has surged in popularity among investors, growing from $1 trillion in 2020 to $1.5 trillion at the start of 2024, according to alternative data provider Preqin. […]
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Massachusetts Regulators Investigate Robinhood Over College Sports Betting
Massachusetts Secretary of State Bill Galvin expressed concerns over Robinhood linking gambling events on popular sports to brokerage accounts, particularly appealing to young people. Galvin’s office issued a […]