Financials

JPMorgan Chase & Co Chief Executive Jamie Dimon said the economic recovery from the coronavirus recession could be derailed by a lack of additional economic stimulus, the election, and a second wave of infections.

A group of stock exchanges and trading platforms contend that millions of Americans who invest in financial markets to save for retirement would be hurt by a potential new tax in New Jersey to be levied on financial transactions.

The U.S. Department of the Treasury’s Office of Foreign Assets Control announced two settlements totaling $583,100 with Deutsche Bank Trust Company

Goldman will be a joint lead manager on the Hong Kong leg of the IPO

GiveSendGo has raised more than $380,000 for the teen

Brokers at UBS are under the impression they won’t have to return to work until April 2021, while Morgan Stanley, Goldman Sachs and the nation’s largest bank JPMorgan, are alerting roughly half their workforces that they may not be coming back to their Manhattan offices until possibly well into next year. 

The Cash App has become a boon for Square Inc. during the course of the coronavirus pandemic, rallying shares 28% in the past month and 166% since the beginning of the year. 

Watchdog group questions $521.6 million in overtime costs incurred during fiscal 2019.

North Korean hackers are tapping into banks around the globe to make fraudulent money transfers and cause ATMs to spit out cash, the U.S. government warned on Wednesday.

Bank profits across 5,066 insured institutions were $18.8 billion, compared with profits of $62.5 billion in the same period a year ago

The banking giant may offer ATM access and other services on premises.

This would be the largest single fundraising round to date by SpaceX

The deal could reportedly be valued at $850 million.

The investment comes at a time when the gambling industry has been ravaged by government restrictions on movement due to the COVID-19 pandemic, as well as fears about public gatherings.

This marks the first acquisition by Blackstone’s largest private equity fund.

The bank accounts can be managed through Google Pay.

The bank's net profit was $192 million in the April-June quarter, down from $4.37 billion reported in the same period a year earlier.

Sales of previously owned homes rose 20.7% in June over the prior month to a seasonally adjusted annual rate of 4.72 million, according to data from the National Association of Realtors released last week.

E-commerce payments processor PayPal Holdings Inc beat Wall Street estimates on Wednesday with an 86% increase in quarterly profit, driven by the shift to online spending amid the coronavirus pandemic.

In the second quarter, investment bank revenues rose 46%