The Swiss National Bank has cut interest rates to 0% amid declining inflation, raising concerns about a potential return to negative rates. The move aims to stabilize the economy in face of global uncertainty.
JPMorgan Chase is raising the annual fee for its Sapphire Reserve card to $795, but with over $2,700 in new benefits, will affluent Americans stick with it? Explore the perks that may redefine luxury banking.
Chime, the neobank, successfully raised $864 million in its IPO, overcoming significant early struggles and regulatory hurdles. With impressive financial results, the company's shares surged in trading, marking a remarkable turnaround.
In a stunning move, Cara Petersen resigns as the CFPB's acting enforcement director, criticizing the Trump administration's efforts to undermine the agency and its mission to protect consumers.
Walmart's fintech startup OnePay is launching two new credit cards in partnership with Synchrony, aiming to improve customer experience and expand financial services for millions. Explore this strategic shift in retail banking!
UBS shares spike after new capital regulations are proposed, stirring debate on the bank's future and competitiveness. How will this impact the Swiss financial landscape?
UBS Group AG is facing up to $26 billion in new capital requirements due to Swiss banking reforms, with significant implications for its foreign unit stakes. This announcement brings much-needed clarity to investors after months of uncertainty.
Wells Fargo is experiencing a significant turning point as the Federal Reserve lifts its $1.95 trillion asset cap, allowing for unprecedented growth opportunities. Analysts are predicting a surge in stock value, with optimism returning to investors.
In a surprising move, Citigroup has ended its seven-year policy that restricted banking services to firearm manufacturers and sellers, sparking backlash from gun control advocates and raising questions about corporate responsibility.
Wells Fargo's recent victory in lifting the asset cap imposed by the Fed signals a turnaround for the bank, allowing for expansion in key areas. CEO Charlie Scharf celebrates this pivotal milestone as shares rise 2.7% in after-hours trading.
