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Finance

Nearly $109 million in deposits held for fintech Yotta’s customers vanished in Synapse collapse, bank says

Tsingha25 | Istock | Getty ImagesLedgers of the failed fintech middleman Synapse show that nearly all the deposits held for customers of the banking...

Finance

Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans

Jane Fraser, CEO of Citigroup, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks,...

Finance

Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown

Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., U.S.,...

Finance

Bank of America CEO says U.S. consumers and businesses have turned cautious on spending

U.S. consumers and businesses alike have turned cautious about spending this year because of elevated inflation and interest rates, according to Bank of America...

Finance

JPMorgan CEO Jamie Dimon signals retirement is closer than ever

Jamie Dimon, Chairman and CEO of JPMorgan Chase, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building on December 06,...

Finance

Jamie Dimon says JPMorgan stock is too expensive: ‘We’re not going to buy back a lot’

Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms,...

Finance

The rule capping credit card late fees at $8 is on hold — here’s what it means for you

Rohit Chopra, director of the Consumer Financial Protection Bureau, speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., Dec....

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