Finance
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Inside an NYC real-estate heir’s shady cryptocoin
Afton Almaraz/Getty Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: Bank of America...
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Bank of America’s mortgage bankers are quitting in frustration over call quotas, cross-selling mandates, and a new compensation scheme that shortchanges top producers
Bank of America has lost dozens of salespeople from its mortgage unit, sources say. The exits have come after changes to job...
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Rich art collectors curious about snapping up an NFT need to know these ‘jaw dropping’ tax pitfalls, says a BNY Mellon tax strategist
Sky-high auction prices for NFTs have caught the attention of moneyed art collectors. BNY Mellon tax strategist Jere Doyle warns that NFTs...
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Wall Street’s top crypto experts — Restaurant banker shakeup — SVB’s hiring push
Good morning and welcome to Insider Finance. I’m Dan DeFrancesco, and here’s what’s on the agenda today: We highlighted the key players...
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590Former bitcoin skeptic Carl Icahn says he may pour more than $1 billion into cryptocurrencies — but predicts many digital assets won’t survive
Activist investor Carl Icahn. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Billionaire investor Carl Icahn said he’s looking to get into cryptocurrencies...
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Sen. Elizabeth Warren grilled Jamie Dimon over Chase charging nearly $1.5 billion in overdraft fees during the pandemic
The four major Wall Street banks collected a combined $4 billion in overdraft fees during the pandemic. Sen. Warren said Chase was...
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Wells Fargo’s status as a top lender to US restaurants is in jeopardy after MUFG snared 8 of its prized bankers to beef up its own division
MUFG announced it lured eight bankers to its restaurant financing team from Wells Fargo last week. Ex-Wells banker Nick Cole will lead...
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Wall Street is getting back to the office. We’ve got the latest details on what 8 banks like Goldman Sachs, JPMorgan, and Credit Suisse are telling employees.
Some Wall Street banks are gearing up to get more workers back to office this summer. Goldman Sachs is reopening its US...
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Square app update reportedly hints at forthcoming bank accounts
A Square app update hints are new banking features. An iOS app update reportedly contains language about two forthcoming bank accounts—which, if...
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The bankers, brokers, and big money transforming litigation finance from a lawyer’s hustle to a multibillion-dollar asset class
Litigation finance is growing, with a reported $11 billion invested or ready to invest in lawsuits. What was once a niche industry...