Finance
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A federal banking regulator wants to bring fintechs under its purview. Here’s what that means for the red-hot payments space — and why big banks are worried.
The OCC has been mulling a special-purpose banking charter aimed at fintechs that process payments. Currently, non-chartered fintechs are regulated and licensed...
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These are the top bankers, lawyers, and capital providers driving the $40 billion SPAC craze
One of Wall Street’s most talked-about trends is the wave of special-purpose acquisition companies, or SPACs, that have launched IPOs at such...
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369Trump accused Warren Buffett of taking ‘massive’ tax deductions in 2016. The future president paid just $750 in federal income tax that year.
Scott Olson/Getty Images; CBS News President Trump claimed in 2016 that Warren Buffett had used past business losses to lower his federal...
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338The US and China could be headed for a ‘new cold war’ lasting a generation that forces countries to pick sides, one analyst says
U.S. President Donald Trump and China’s President Xi Jinping. REUTERS/Kevin Lamarque/File Photo/File Photo The US and China could be headed for a...
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5 tax law and accounting experts weigh in on Trump’s $70,000 hairstyling writeoff and how his personal brand could factor into rolling over his $421 million in debts
A report published by The New York Times on Sunday reveals that President Donald Trump paid $750 in federal income taxes in...
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What are junk bonds? A risky yet high-yield investment that can bring rewards if you’re willing to take the chance
Junk bonds are bonds that are low-ranked by credit rating agencies, due to the sketchy track record of their issuers. Because they...
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Inside this year’s private-equity recruiting drama: how PE firms and headhunters are trying to enforce a new pact to delay a fierce battle for young talent
Sources told Business Insider that private-equity recruiting firm SG Partners broke an unwritten agreement between Wall Street headhunters and PE firms to...
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Disney is planning to lay off 28,000 employees — here’s how much workers are paid at America’s amusement parks
Disney shared in a memo on Tuesday that 28,000 employees will be laid off because of the negative impact on its business...
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Top robo advisors in 2020: Performance reviews, returns, and comparisons
Insider Intelligence predicts that robo-advisors will be managing $4.6 trillion by 2022. “Which robo advisor is best?” is a key question that...
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397The UK economy shrank more than it has done in 65 years, plunging nearly 20% in the second-quarter
TOLGA AKMEN/Getty The UK economy posted a record contraction in the second quarter of the year, with gross domestic product plunging 19.8%...