Banks

Wall Street layoffs are coming as deals boom turns to bust, insiders say

Wall Street layoffs are coming as deals boom turns to bust, insiders say

People walk by the New York Stock Exchange. Spencer Platt | Getty Images News | fake images Less than six months ago, Wall Street bankers were reaping the rewards of a historic boom in mergers and IPOs. Now, thanks to a confluence of factors that clouded the markets and caused most deal categories to drop …

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FCA investigates Wise CEO Kristo Kaarmann over tax default

FCA investigates Wise CEO Kristo Kaarmann over tax default

Christ Kaarmann, CEO and co-founder of Wise. Eoin Noonan | Sports archive | fake images UK regulators are investigating the chief executive of £3.9bn ($4.8bn) fintech firm Wise after tax authorities found he failed to pay a tax bill worth more than £720,000. Kristo Kaarmann, who co-founded Wise in 2011, was recently fined £365,651 by …

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The interest rates on savings accounts rise in wake of Fed hikes

The interest rates on savings accounts rise in wake of Fed hikes

There’s a silver lining to higher interest rates: Saving some cash eventually pays off. Skyrocketing inflation, which pushed the Federal Reserve to raise its benchmark rate, is having an effect on the return savers can get on their money, at last. While the Federal Reserve has no direct influence on deposit rates, they do tend …

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Forget big cap stocks. Bank of America's top small-and-mid cap stocks

Forget big cap stocks. Bank of America’s top small-and-mid cap stocks

From multi-week losing streaks to bear market rallies, it’s been a rollercoaster ride for markets this year as investors weigh the risks of more aggressive monetary policy and a growing chorus of recession warnings. Major US indices rebounded big in trading on Tuesday, reversing last week’s declines, but remained in the red this year. The …

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