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JPMorgan Weighs Lawsuit Against Consumer Watchdog Over Fraud Probe
The increasing scrutiny on Zelle, a US peer-to-peer payment network, has driven JPMorgan Chase to contemplate legal action against the Consumer Financial…
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Investors Shifted Their Focus To This Week’s Corporate Earnings. What To Expect In The Upcoming Days?
The second-quarter earnings season has shifted into high gear, with Alphabet (GOOG) and Tesla set to report their results after the bell…
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UK Regulators Crack Down On Bank Branch Closures To Ensure Cash Availability
In a move to protect vulnerable communities and maintain access to cash, the UK’s Financial Conduct Authority (FCA) has announced new rules…
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Major Chip And Tech Stocks Drive Down S&P 500 And Nasdaq
The S&P 500 and the Nasdaq are struggling this Wednesday, driven down by declines in major chip and tech stocks while analysts…
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US Fed To Track The $2 Trillion Shadow Banking Exposure
In a move aimed at enhancing financial stability, the US Federal Reserve has proposed new rules that could revolutionize how we understand…
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Market Speculation Grows Amid White House Race Uncertainty
The financial world is abuzz with speculation about President Joe Biden’s potential withdrawal from the 2024 presidential race. Investors are now scrambling…
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First Republic Ex-employees’ $150M Lawsuit against FDIC Dismissed
A federal judge in California has dismissed a lawsuit brought by nearly 170 former employees of the failed First Republic Bank. The…
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Wall Street’s Main Indexes Advanced After Fed Chair Powell’s Remarks
Wall Street’s main indexes advanced this Wednesday after Federal Reserve Chair Jerome Powell said that inflationary pressures were likely easing. Federal Reserve…
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Taiwan’s Central Bank Focuses On Slow And Steady Development Of CBDC
The President of the Central Bank of the Republic of China shared that developing a central bank digital currency (CBDC) is not…
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British Housing Market Sees Slight Increase Despite Economic Pressures
British house prices exhibited a modest increase in June despite ongoing economic challenges. Nationwide, one of the UK’s leading mortgage lenders, reported…