Defaults on credit card loans are skyrocketing in the US. Lenders are now witnessing a 14-year high in credit card defaults, reports …
America
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Finance
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report
by shayaanby shayaanAmerica’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an …
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Finance
$89,670,000,000 in Increasingly Risky Loans Flagged at JPMorgan Chase, Wells Fargo and Bank of America: Report
by shayaanby shayaanAmerica’s biggest banks are reporting a rapid increase in the number of substandard, doubtful and potentially loss-making loans on their balance sheets, …
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Regulation
Crypto founders reveal how they were debanked by America under Biden
by shayaanby shayaanCrypto founders are accusing the Biden administration of using America’s banking system as a weapon to crush the crypto industry. The allegations, …
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Analysis
Billionaire Warren Buffett Pours $752,000,000 Into New Assets After Dumping Apple, Bank of America
by shayaanby shayaanBillionaire Warren Buffett is pouring hundreds of millions of dollars into two new investments. Berkshire Hathaway’s new 13F filings show the firm’s …
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Finance
Renowned Investor Jim Rogers Warns ‘America First’ Policy Will Trigger ‘Biggest Recession Ever’
by shayaanby shayaanJim Rogers warns Trump’s “America First” trade policies could ignite the “biggest recession ever,” fueled by spiraling U.S. debt, inflation, and trade …
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Markets
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
by shayaanby shayaanHyla Fund Management wants to become the Goldman Sachs of crypto. The firm plans on launching a new Latin America crypto fund …
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Analysis
Billionaire Warren Buffett Fumbles $40,000,000,000 After Dumping Apple, Bank of America, Wells Fargo, JPMorgan Chase and Goldman Sachs Early: Report
by shayaanby shayaanBillionaire Warren Buffett has now missed about $40 billion in gains after selling huge quantities of Berkshire Hathaway’s assets early, according to …
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Regulation
Bank of America Bracing for $800,000,000 Loss As Investigators Probe BofA, JPMorgan Chase and Wells Fargo’s Alleged Refusal To Reimburse Customers
by shayaanby shayaanThe second-largest US bank by total assets says it’s preparing for significant losses due to ongoing regulatory issues. In a new filing …
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Bitcoin and DeFi altcoin prices surged after it became apparent Donald Trump had secured multiple paths to the White House. Decentralized finance …