Trump’s 10% credit card interest cap could hurt borrowers, experts say: ‘Access to credit would dry up’
Former President Donald Trump has made headlines over the past week with yet another surprise economic policy announcement. After promising…
Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
Two-thirds of the jobs at Commerzbank could disappear if UniCredit successfully carries out a hostile takeover of the German lender,…
American Airlines in talks to pick Citigroup over rival bank Barclays for crucial credit card deal, sources say
American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership…
What buying Commerzbank would mean for UniCredit — and the banking sector
UniCredit‘s move to take a stake in German lender Commerzbank is raising questions on whether a long awaited cross-border merger…
JPMorgan creates new role overseeing junior bankers as Wall Street wrestles with workload concerns
JPMorgan Chase has created a new global role overseeing all junior bankers in an effort to better manage their workload…
Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs
Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program…
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
The Federal Deposit Insurance Corp. on Tuesday proposed a new rule forcing banks to keep detailed records for customers of…
Dutch neobank Bunq goes on hiring spree, targeting digital nomads, as other fintechs slash jobs
Dutch challenger bank Bunq told CNBC that it plans to grow its global headcount by 70% this year to over…
Berkshire unloads another chunk of Bank of America as CEO Moynihan lauds Buffett as great shareholder
Warren Buffett’s Berkshire Hathaway offloaded another chunk of Bank of America shares, bringing its total sales to more than $7…
JPMorgan Chase shares drop 5% after bank tempers guidance on interest income and expenses
JPMorgan Chase shares fell 5% on Tuesday after the bank’s president told analysts that expectations for net interest income and…
