There was a time when banks and fintechs competed mostly on bells and whistles: smoother apps, faster checkout, appealing rewards. But in the world of public markets and quarterly earnings, functionality gives way to fundamentals.
Are banks open on Christmas Eve? Christmas Eve is not a federal holiday, so most banks are open. Some may choose to have reduced hours, so it is a good practice to check with your local branch ahead of time to save you the potential headache. If you missed your window, don't forget that online banking and ATMs can come to the rescue.
Puerto Rico-based Popular Bank is exiting the mortgage business, according to an announcement made last week during the company's third-quarter earnings call. Specifically, as part of our ongoing efforts to improve profitability, we decided to exit the U.S. residential mortgage origination business and to close four underperforming branches in the New York metro area, said Jorge Garcia, Popular's chief financial officer. We will remain focused on areas where we feel we can invest to achieve improved operating leverage.
Global stock markets fell sharply and gold hit a record high after two US regional banks said they had been exposed to millions of dollars of bad loans and alleged fraud. Signs of credit stress rattled markets across Europe and Asia. In London the FTSE 100 fell 1.5%, Germany's Dax fell 2%, the Ibex in Spain was off 0.8% and France's Cac 40 dropped 1.5%, before recovering some ground.
Managing rental property finances remains one of the most time-consuming challenges in real estate investing, with landlords juggling spreadsheets, consumer payment apps like Venmo and Zelle, generic accounting software, and multiple banking accounts. The 14 million individual real estate investors across the United States-who own half of the country's rental supply-face fragmented workflows that drain hours each week from their businesses.
On Thursday at an internal town hall, BNY CEO Robin Vince unveiled the next-generation version of Eliza, its AI platform that allows employees to create bespoke agents and carry out tasks such as accelerated check processing built on reams of company data. "We think of AI as generating capacity for us," Vince said at the town hall. According to a BNY spokesperson, 98% of the company's employees are trained on generative AI, with the majority using Eliza daily.
One very positive item for investors when earnings season rolls around every quarter is that the big money center and investment banks are always among the first to report. This year was no different, as all the major financials were released early and, for the most part, all delivered outstanding numbers. As with all sectors, the tariffs are weighing on sentiment and affecting companies' ability to provide forward guidance that they feel comfortable with.
As families prepare to send their kids off to college or to start their first jobs, it's time to foster the next phase of their financial growth. Start by having an honest conversation about what you're willing to contribute financially. Many parents help their young adult children, often at the expense of their own retirement plans, so it's critical that you have a clear idea of what you can afford.
To compete, follow the rules, and initiate the process of change, banks must abandon outdated training methods and adopt a new, strategic approach to enhancing their employees' skills.
Depositors in Ireland face disappointingly low returns on savings accounts, with instant-access accounts yielding an average of just 0.13pc, making it one of the lowest in the eurozone.
Senator Ron Wyden of Oregon uncovered significant transactions related to Epstein's financial network, revealing over $1.5 billion that raised concerns about sex-trafficking activities.
As HomeStreet carried this servicing portfolio at current market value at June 30, 2025, no gain or loss is expected to be realized upon the close of the sale, the company stated in a filing with the Securities and Exchange Commission (SEC).
In July 2025, the USA officially banned CBDCs for its Federal Reserve Bank, while Europe pursued their implementation for the European Bank, indicating a significant policy rift.
Rodriguez Acosta allegedly stole $87,243 from 14 client accounts he had access to while employed at a Wells Fargo branch in Rye Brook before becoming a cop.
"Europe has strong fundamentals, debt-to-GDP is better, strong institutions," Botin said Tuesday in a Bloomberg Television interview, adding that she sees significant potential to invest there. "You just need to choose your country, your sector and your company."
Monzo has been fined £21 million by the Financial Conduct Authority (FCA) after fraudsters were able to open bank accounts using clearly fake or implausible addresses - including Buckingham Palace and 10 Downing Street.
