Berkshire Hathaway’s big mystery stock wager could be revealed soon
Berkshire Hathaway, led by legendary investor Warren Buffett, has been making a confidential wager on the financial industry since the…
NYCB shares jump 30% after CEO gives two-year plan for ‘clear path to profitability’
New York Community Bank on Wednesday posted a quarterly loss of $335 million on a rising tide of soured commercial…
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that…
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, said he was convinced that artificial intelligence will have a…
Why private equity has been involved in every recent bank deal
The $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming…
Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again
Regional lender New York Community Bank may have to pay more to retain deposits after one of the company’s key ratings…
Jamie Dimon on Capital One’s $35.3 billion Discover acquisition: ‘Let them compete’
JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion…
Capital One’s acquisition has $1.4 billion breakup fee if rival bid emerges, but none if regulators kill deal
Capital One‘s blockbuster takeover proposal for Discover Financial includes a $1.38 billion breakup fee if Discover decides to go with…
Shopping online at 2 a.m.? That’s a red flag for buy now, pay later lender Affirm
Americans shopping online after midnight often make riskier transactions and are more likely to default on their loans, according to…
Big banks have drastically cut overdraft fees, but customers still paid $2.2 billion last year
The three biggest American retail banks collected 25% less overdraft revenue last year as the companies, under pressure from regulators…
