Finance

The Consumer Financial Protection Bureau declared on Wednesday that customers of the burgeoning buy now, pay later industry have the same federal protections as users of credit cards. The agency unveiled what it called an “interpretive rule” that deemed BNPL lenders essentially […]

LONDON, May 21 (Reuters) – Sanjay Shah, a UK hedge fund founder accused of masterminding a 1.44 billion pound ($1.83 billion) dividend tax fraud against Denmark, told a London court on Tuesday he was an honest man and good trader […]

May 21 (Reuters) – The U.S. securities regulator on Monday asked Nasdaq, CBOE and NYSE to fine-tune their applications to list spot ether exchange-traded-funds (ETFs), signaling the agency may be poised to approve the filings, multiple people familiar with the […]

TOKYO, May 22 (Reuters) – Japanese Prime Minister Fumio Kishida made a public push to woo foreign investment on Wednesday, pledging further capital markets reform and promoting asset management in a speech to hundreds of global investors in Tokyo. His […]

Jamie Dimon thinks shares of JPMorgan Chase are expensive. That was the message the bank’s longtime CEO gave analysts Monday during JPMorgan’s annual investor meeting. When pressed about the timing of a potential boost to the bank’s share repurchase program, Dimon did not […]

May 20 (Reuters) – Crypto startup funding rose for a second straight quarter to hit $2.4 billion in the first three months of 2024, PitchBook data showed, as expectations of lower interest rates and the debut of the first U.S. bitcoin […]

May 20 (Reuters) – Bitcoin rose to $70,206 at 20:03 GMT on Monday, adding $3,931 to its previous close. The world’s biggest and best-known cryptocurrency is up 82.3% from the year’s low of $38,505 on Jan. 23. Ether, the coin […]

NEW YORK, May 21 (Reuters) – Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, U.S. options markets show. Nvidia’s options are primed […]

FRANKFURT, May 21 (Reuters) – U.S. Treasury Secretary Janet Yellen urged German bank executives on Tuesday to step up efforts to comply with sanctions against Russia and shut down efforts to circumvent them to avoid potential penalties themselves that would […]

After years in the doldrums, China’s brokerages are enjoying a revival of fortunes as a wave of consolidation breathes life into the 12 trillion yuan (US$1.7 trillion) sector, with the potential to create bigger, world-class entities that Beijing says can […]