Viral Chase ATM ‘Glitch’ Highlights Common Bank Fraud Scheme
Can you get free, fast and easy money from your bank? Despite what people on social media may tell you, this promise comes with a hefty price. Over the weekend, …
Banks
Visa to launch pay-by-bank payments, an alternative to credit cards
Nurphoto | Nurphoto | Getty Images Visa said it plans to launch a dedicated service for bank transfers, skipping credit cards and the traditional direct debit process. Visa, which alongside …
Zilch posts first profit and appoints ex-Aviva CEO to board
Zilch CEO Phil Belamant. Zilch British financial technology firm Zilch on Tuesday reported its first-ever month of profit, marking a key milestone for the company as it looks toward an …
market rally: Which sectors of the market still offer value for investors? Abhay Agarwal answers
“They are still at about 20 times FY26 earnings at the index level. So, I would not call it that this valuation is so far stretched that there are no …
UBS’ Ermotti may have pulled off deal of the decade with Credit Suisse rescue
UBS CEO Sergio Ermotti on Tuesday, May 7, 2024. Bloomberg | Bloomberg | Getty Images After an intense weekend of negotiations in March 2023, Swiss banking giant UBS agreed to …
Wall Street ends sharply higher as Powell cements September rate cut hopes
U.S. stocks rallied on Friday as dovish remarks from U.S. Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September. In …
Identity theft of America’s youngest generation is on the rise
Most parents would take herculean steps to protect their children. But many overlook a relatively simple way to help shore up a child’s financial security: freezing the minor’s credit. This …
Crypto scam wrecks Kansas bank, sends CEO to prison
The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency …
Money moves to consider ahead of a Fed rate cut
The Federal Reserve could start lowering interest rates as soon as next month, based on the latest inflation data. “We think that the time is approaching,” Fed Chair Jerome Powell said at a press conference after …
Lawyer on Deutsche Bank’s Postbank settlement offer
A Deutsche Bank branch in the financial district of Frankfurt, Germany, on May 6, 2022. Alex Kraus | Bloomberg | Getty Images A lawyer representing plaintiffs in a long-running case …