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Latest News on private equity markets

Wells Fargo shares tumble 8% after posting $2.4 billion loss, dividend slashed to 10 cents

Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

5 years ago

Back-to-work bonuses can't replace the $600 boost in unemployment, economists say

Some Republican lawmakers want to replace the $600 enhanced unemployment benefit with a back-to-work cash bonus for those who find jobs. But the number of unemployed is more than triple the number of job openings.

5 years ago

Wealthsimple to expand into crypto trading

Betakit | Meagan Simpson | Jul 14, 2020 Wealthsimple is set to expand into the cryptocurrency trading space with the launch of Wealthsimple Crypto. The new product offering will provide commission-free trading of Bitcoin and Ethereum through a mobile trading app. The Toronto-based FinTech startup has launched Wealthsimple Crypto in private beta and will roll

5 years ago

A record number of Americans lost health coverage amid the pandemic. What to do if you're one of them

Amid one of the worst public health crises in history, a record number of laid-off Americans have lost their health insruance. Here's what you can do to get covered.

5 years ago

Despite a massive recession, JPMorgan Chase just posted record revenue — here's how they did it

JPMorgan has the world's biggest Wall Street bank by revenue, a business that helped it capture opportunities created by the response to the pandemic.

5 years ago

Wells Fargo shares tumble 5% after posting $2.4 billion loss, dividend slashed to 10 cents

Wells Fargo posted its first quarterly loss since the financial crisis on rising provisions for defaults tied to the coronavirus pandemic.

5 years ago

5.4 million Americans have lost their health insurance. What to do if you're one of them

Amid one of the worst public health crises in history, a record number of laid-off Americans have lost their health insruance. Here's what you can do to get covered.

5 years ago

The Treasury Department is canceling stimulus checks to dead recipients

Uncle Sam is canceling stimulus payments that have been made to deceased individuals, according to the IRS. As many as 1.1 million payments, totaling about $1.4 billion, were paid to dead people, the Government Accountability Office found.

5 years ago

How FinTech Companies Can Help Students?

Guest Post | July 14, 2020 Technology is never staying in one place and is regularly developing. You might think that the technologies that you use now cannot be improved and that there is nothing that can be better than this, but then in a couple of days, you read a new article about some

5 years ago

Despite a massive recession, JPMorgan Chase just posted record revenue — here's how the bank did it

JPMorgan has the world's biggest Wall Street bank by revenue, a business that helped it capture opportunities created by the response to the pandemic.

5 years ago

Fight heats up over foreign student ban as more than 200 schools join in

Over 200 colleges and universities, including every Ivy League school, are backing the suit brought by Harvard and MIT against against Immigration and Customs Enforcement and the Department of Homeland Security.

5 years ago

Trump administration reverses course on foreign student ban

Over 200 colleges and universities, including every Ivy League school, are backing the suit brought by Harvard and MIT against against Immigration and Customs Enforcement and the Department of Homeland Security.

5 years ago

How IPOs give the 'illusion of diversity' with underwriters, while paying minority-owned firms less

It's common for initial public offerings to include MWVBEs, a special designation that stands for minority/women/veteran-owned business enterprises as underwriters.

5 years ago

Reverse mortgages may be helpful in retirement ... if you mind the pitfalls

Homeowners 62 or older can get cash from their home without selling, but here's what to know about a reverse mortgage before you sign onto this loan.

5 years ago

Emergency grant program for small businesses is out of money

A program offering up to $10,000 in grants to struggling small businesses ended Saturday after reaching its funding limit.

5 years ago