Banking Executive John Utendahl’s Net Worth Is Staggering
John Utendahl is a longtime Wall Street investment banker who previously owned his own firm. His net worth is estimated at $500 million.
Banking
Market Realist has the latest news and updates on banking, U.S. banks, credit unions, and savings and loan associations.
Is Deutsche Bank Corrupt? — Why the Financial Institution Was Raided
Not to anyone's surprise, Deutsche Bank has once again been raided by authorities over money laundering suspicions. Is the bank corrupt?
The Money Laundering in 'Ozark' Is Peanuts Compared With Real-Life Schemes
Money laundering is a complex process in which criminals move money through various channels to "clean" it. Here's more on it, and some infamous examples.
Zelle Scams Target Wells Fargo, Banks Aren't Liable for Lost Money
Imaging losing money to a fraudulent attack, and your bank won't refund you any money. Why have Zelle scams been target Wells Fargo customers?
Truist Financial Accused of Making Some Suspicious Moves
Truist Financial has been accused of suspicious activities by its customers. Who owns Truist Bank?
Goldman Sachs Is Bullish on Crypto, Executes First Crypto OTC Options Transaction
As Goldman Sachs executed its first OTC crypto options trade, what is Goldman Sachs’ crypto prediction? Why is the bank bullish on crypto?
Which Banks Are in the Metaverse as Web 3.0 Unfolds?
Some of the major banks are experimenting with the metaverse. Which banks are in the metaverse and will more follow suit as Web 3.0 unfolds?
Goldman Sachs’ First Crypto Options Transaction Goes Through
Goldman Sachs completed an over-the-counter crypto options trade, which makes it the first bank to do so. Here’s what to know about the move.
What Happened to BB&T Bank, and Is It Still in Business?
You may have noticed that BB&T signs are getting replaced. What happened to BB&T Bank, and is it still in business?
TD Acquires First Horizon for $13.4B — What Will Happen to FHN Stock?
TD is buying fellow banking corporation First Horizon in a multi-billion-dollar deal. Here’s what to know about the merger plus what will happen to FHN stock.
Why Russians Are Lining Up at Banks: Russia Bank Run, Explained
Russian citizens, concerned about the drop in the ruble's value and consequences of sanctions against Russia, lined up at ATMs and banks in a bank run over the weekend.
What Happens to Money in the Bank During a War? Finding Stability
Accessing money is important, especially during a war. But what happens money in the bank during a war? Does the government seize it?
The SWIFT Banking System and Why It Matters to Russia
The SWIFT banking system is a messaging network that facilitates secure international financial transactions. Some nations have considered sanctioning Russia's access to SWIFT.
Is SoFi a Bank? With Regulatory Approval, the Path Is Clear
What started out as a finance company has evolved. Here’s what we know about SoFi, from its regulatory approval as a bank to its recent banking infrastructure acquisition.
Michael Cembalest: JPMorgan Asset Manager Talks Crypto
High-profile JPMorgan asset manager Michael Cembalest talks crypto. Here are his personal views, plus a peek into his net worth and more.
JPMorgan Ventures Into the Metaverse, Buys Land on Decentraland
The largest bank in the U.S. is venturing into the metaverse. JPMorgan is the first U.S. bank to purchase land in the metaverse to launch its financial suite.
Does an Overdraft Impact Your Credit Score? More Than Just Fees
Overdraft fees are one of the most tedious fees associated with having a bank account. But will an overdraft affect your credit score?
Why Did JPMorgan Close Uniswap Founder Hayden Adams' Bank Accounts?
JPMorgan Chase closed Hayden Adams' bank accounts. He's the founder of Uniswap, which is the largest decentralized exchange (DEX). Why did the bank cancel his accounts?
Bank of America and Wells Fargo Announce End to NSF Fees
Joining other banks with no or low overdraft fees, Bank of America said that it’s reducing its overdraft fees and eliminating its NSF fees.
Wells Fargo Cuts Overdraft Fees After Settling a Class-Action Lawsuit
After settling a class-action lawsuit, Wells Fargo has decided to change its overdraft fee policy. Wells Fargo is a leading financial services company.
Buy These 3 U.S. Bank Stocks Amid Rising Rate Environment
Overall, banks should benefit as the Fed switches to hiking interest rates in 2022 due to high inflation. What are the best banking stocks to buy now?
Zelle Says Scam Victims May Not Be Able To Recoup Their Money
How does Zelle make money? Learn more about the digital payment network and the scams that use Zelle to bilk people out of their money.
Where Do Banks Invest Their Money to Make More Money?
Most people like to keep part of their money in banks. So, where do banks invest their money? How do banks increase their funds?
Why Is Bank of America Closing Branches? Some Are Temporary
Bank of America is one of the many banks that are closing down their branches due to various shortages. Some branches might open back up after the holidays.
Meet David Solomon: Goldman Sachs CEO by Day, EDM DJ by Night
What’s David Solomon’s net worth? After rising to the top ranks at Goldman Sachs, where he now serves as CEO, Solomon launched a DJ career.
JPMorgan Suing Tesla Over Stock Warrant Incident
JPMorgan has opened a lawsuit against Tesla over a stock warrant incident that resulted in Elon Musk being charged with securities fraud.
Barclays CEO Jes Staley Will Still Get Paid After His Resignation
Barclays CEO Jes Staley resigned amid an investigation into his relationship with Jeffrey Epstein. What's his net worth?
Goldman Sachs Lists Its Semiconductor Stocks: Should You Buy?
Admid the semiconductor shortage, these Goldman Sachs-stock picks could help you profit from the high demand. Should investors buy them?
Sprint-Turned-Softbank CEO Marcelo Claure 'Wants to Rule the World'
What’s Marcelo Claure’s net worth? Learn more about the former Sprint CEO and current SoftBank Group International chief.
Anne Finucane Retiring as Bank of America’s Vice Chair
What’s Anne Finucane’s net worth? Learn more about the Bank of America executive. She's stepping down as the bank’s vice chair at the end of 2021.
Whoop Isn't Publicly Traded Yet, SoftBank Backs the Company
Big-time institutional investors are already in on Whoop. Is the wearable fitness product company publicly traded? What can investors expect?
Wells Fargo Abandons Plans to Cancel Existing Personal Lines of Credit
After receiving pushback from customers, Wells Fargo has decided to abandon plans to cancel all existing personal lines of credit.
When Is Goldman Sachs Launching Its BNPL Platform With Apple?
The race is on for BNPL (buy now, pay later) platforms. With its planned partnership with Apple, will Goldman Sachs catch up?
JPMorgan Chase Clients Can Invest in Crypto Now—Just Not Directly
JPMorgan Chase & Co., has announced that it will provide all wealth management clients access to invest in digital assets.
Comparison of exchange-traded funds and exchange-traded notes
ETFs (exchange-traded funds) have stock-like characteristics, while ETNs (exchange-traded notes) possess bond-like traits.
Bank of America Picks Three EV Supplier Stocks to Play the EV Theme
Investors are still excited about the shift to EVs in the long-term despite a pullback in EV names in 2021. Bank of America offers picks to play this theme.
HSBC Bans Bitcoin Proxy MicroStrategy—Here’s Why
One major bank has decided to prevent its clients from buying shares of MicroStrategy, which is one of the top Bitcoin stocks on the market.
Goldman Sachs CEO David M. Solomon Makes a Mint Despite Controversies
Despite multiple controversies under his belt, David M. Solomon relishes in his high-paying role as the Goldman Sachs CEO.
Goldman Sachs Puts Tesla and VW At the Top of EV Stock Picks
Goldman Sachs isn't always on the nose, but their analysts hold a lot of expertise—including in the EV space.
WeWork Didn’t Work for SoftBank, but SVF Investment Might
SoftBank’s investment track record could be a curse and a blessing. While WeWork didn’t work for SoftBank, SVFAU might. Is the SVFAU SPAC stock a buy before a merger?
Does Jamie Dimon Still Think That Bitcoin Is a Fraud?
Jamie Dimon denies being the spokesperson for bitcoin critics, but he would fire JPMorgan Chase traders for touching bitcoin. What does Dimon think about bitcoin right now?
SoftBank’s SVF Investment Corp. Files for IPO, Hype Continues
Softbank has launched a SPAC called SVF Investment Corp., which will focus on the AI space. Should you buy SVF Investment Corp. stock?
Here’s What Impacted Snap Shares Last Month
The stock for social media company Snap (SNAP) fell 16.0% last month to close at $17.77. It’s now trading just above its IPO price of $17.
Why BTIG Is Bullish on PayPal
PayPal (PYPL) could have bright prospects despite the competitive threat it faces from Square and Apple in the online payment market, according to equity research firm BTIG.
Morgan Stanley’s Strong Revenue Model
Morgan Stanley charges fixed fees and performance fees for asset management services, products and services, and administration of accounts.
BlackRock’s Retail Continues to Attract New Clients across Classes
BlackRock’s (BLK) retail business had assets under management (or AUM) of $542 billion as of March 31, 2016.
Will a Partnership with GE Improve BHI’s Returns?
Between December 2014 and December 2016, Baker Hughes (BHI) stock hit its peak in April 2015. It troughed at ~$39 in January 2016.
3-Year Treasury Notes’ Overall Demand Fell on July 7
The US Treasury holds monthly auctions of three-year Treasury notes. The latest auction was held on July 7.
Is It Time to Invest in International Funds?
2016 has mostly been about macro trends, thus presenting a different set of challenges for active fund managers who mostly focus on companies rather than economic and sector trends.
Lack of Rate Hike in September Leads US Stocks Down
The US Federal Reserve met on September 16 and 17 in one of the most anticipated monetary policy meetings in recent memory.