Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion.
Finance/Venture
US Federal Judge Overturns $8 Cap on Late Credit Card Fees
US District Court Fort Worth judge Mark Pittman blocked the new rule imposed by the Consumer Financial Protection Bureau capping credit card late fees at $8.
US Now Considers Sanctioning Chinese Banks Supporting Russia's Ukraine Invasion—Will This Work?
The U.S. government weighs sanctions targeting Chinese banks. Can this help stop Russia from invading Ukraine?..
Donald Trump Net Worth Reaches an All-Time High After Truth Social Stock Jumps Over 10%
Shares of Trump Media soared over 10% on Monday, reaching levels not seen since late March and boosting the net worth of former President Donald Trump to an all-time high...
Outgrowing the Bookkeeper: How kept.pro's Founder Discovered a Niche for Fractional Accounting Team Services
In the world of startups and small businesses, there comes a pivotal moment when the financial demands of a growing company begin to outstrip the capabilities of a single, overworked bookkeeper. It's ..
Bank of Canada Warns of Stability Risks Amidst Record High Interest Rates, Asset Valuation Concerns
Bank of Canada warns of financial instability amid record-high interes...
Biden Admin's Anti-Credit Card Junk Fee Regulation Could Face Last-Minute Freeze, Here's Why
The Biden Admin's anti-credit card junk fee regulation could be frozen...
Latest News
Polymetal International Sells Its Russian Assets to Siberian Gold Miner for Nearly $3.7 Billion
Polymetal International announced on Monday that it agreed to sell its Russian assets to a Siberian gold miner for approximately $3.7 billion.
US Dollar Is Still the World's Reserve Currency, Fed Governor Says
Federal Reserve Governor Christopher Waller has affirmed that the US dollar will remain the world's reserve currency.
JPMorgan Chase to Pay Civil Penalties of Around $350 Million Over Trade Reporting Gaps
JPMorgan Chase and Co. has disclosed that it would pay civil penalties totaling around $350 million to regulators for reporting insufficient trading data to surveillance platforms.
Biden Administration Wants to Extend Anti-Money Laundering Regulations to Investment Advisers
The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.
Former Ron DeSantis Wall Street Fundraiser Shifts Focus to Donald Trump's Campaign, Aiming to Raise Over $3 Million
Former Wall Street executive Omeed Malik, known for his involvement in fundraising for Florida Governor Ron DeSantis, is now redirecting his efforts towards supporting former President Donald Trump's
Goldman Sachs Reportedly Under Investigation Over Fees Charged for Futures Trading
Goldman Sachs is reportedly facing an investigation over fees it charges for futures trading.
Federal Reserve Shifts to Cautious Approach, Signals No Rush to Cut US Interest Rates
The Federal Reserve has indicated a cautious approach towards cutting US interest rates.
How SLM Holdings, the New Fintech Startup, Is Shaking Up Chicago's Tech Scene
Based in the heart of Chicago, Battles, Larry, and Stone are building a fintech company specializing in cash management products and payment services tailored for the retail banking industry. The trio
Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions
DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.
