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Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions.  Legal Statement.

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Banks brace for tougher rules under Biden on consumer protection, fair lending
January 30, 2021

Banks brace for tougher rules under Biden on consumer protection, fair lending

Financial regulators are expected to emphasize racial equity as they focus on consumer protection and expanding access to financial services.

Wells Fargo CEO Scharf's pay drops nearly 12% in 2020
January 29, 2021

Wells Fargo CEO Scharf's pay drops nearly 12% in 2020

Wells Fargo Chief Executive Officer Charles Scharf's annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday.

Robinhood gets $1 billion cash infusion from its investors: report
January 29, 2021

Robinhood gets $1 billion cash infusion from its investors: report

Robinhood stopped customers from buying a number of shares on Thursday due to large amounts of trading in those stocks, according to the company's blog post

NY AG reviewing Robinhood after the platform restricted the trading of certain securities Thursday
January 28, 2021

NY AG reviewing Robinhood after the platform restricted the trading of certain securities Thursday

New York Attorney General Letitia James announced she is looking into recent activity on Robinhood after the trading platform restricted trading of certain securities Thursday, resulting in multiple lawsuits against the company. 

Goldman CEO David Solomon takes $10M pay cut for Malaysian investment scandal
January 26, 2021

Goldman CEO David Solomon takes $10M pay cut for Malaysian investment scandal

The bank will withhold $174 million in compensation from current & former execs

Top hedge funds set performance record for clients making $63.5B in 2020, data shows
January 24, 2021

Top hedge funds set performance record for clients making $63.5B in 2020, data shows

The world’s 20 best-performing hedge funds earned $63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound from a pandemic induced sell-off, LCH Investments data show.

Arizona, 15th state with legal pot, sees recreational sales
January 23, 2021

Arizona, 15th state with legal pot, sees recreational sales

86 licenses were aproved n nine of the state's 15 counties under provisions of the marijuana legalization measure

Morgan Stanley CEO Gorman's annual pay rises by $6 million for a total of $33 million
January 22, 2021

Morgan Stanley CEO Gorman's annual pay rises by $6 million for a total of $33 million

Morgan Stanley Chief Executive James Gorman's annual pay rose by $6 million in 2020, according to a regulatory filing released on Friday. Gorman will receive $33 million for his work last year, compared with $27 million in 2019, the bank said.

Biden energy secretary pick, Jennifer Granholm, draws scrutiny for millions in energy investments
January 22, 2021

Biden energy secretary pick, Jennifer Granholm, draws scrutiny for millions in energy investments

President Biden's pick to lead the Energy Department, Jennifer Granholm, has disclosed millions of dollars in stock options across a broad spectrum of businesses.

Deal offers more banking services for California pot firms
January 20, 2021

Deal offers more banking services for California pot firms

A state credit union that will provide checking, wire transfers and other banking services for more marijuana companies

JPMorgan revenue spikes as COVID-19 relief soothes economic pain
January 15, 2021

JPMorgan revenue spikes as COVID-19 relief soothes economic pain

Congressional action on a second coronavirus-relief package and the development of vaccines to treat the deadly disease enabled the lender to free $2.9 billion in loan reserves

JPMorgan, Wells Fargo & Citigroup may kick off a banner earnings season
January 14, 2021

JPMorgan, Wells Fargo & Citigroup may kick off a banner earnings season

JPMorgan, Wells Fargo and Citigroup report earnings on Friday.

Mortgage refinancing jumps 20% to begin the year
January 13, 2021

Mortgage refinancing jumps 20% to begin the year

The number of people intent on purchasing a home rose in the past week by 8%.

Affirm Holdings prices US IPO above target range, raises $1.2B
January 13, 2021

Affirm Holdings prices US IPO above target range, raises $1.2B

Affirm Holdings sold shares in its IPO at $49 apiece, above its target range, to raise $1.2 billion

Walmart teams up with investment firm behind Robinhood on new fintech startup
January 11, 2021

Walmart teams up with investment firm behind Robinhood on new fintech startup

The startup will be majority-owned by Walmart, with its CEO and CFO on the company's board along with Ribbit Capital's managing partner, Meyer Malka. 

Bitcoin can hit $146,000 as gold plays factor: JPMorgan
January 6, 2021

Bitcoin can hit $146,000 as gold plays factor: JPMorgan

Bitcoin's record run may continue in 2021.

Banks receive Fed approval to buy back stock
December 21, 2020

Banks receive Fed approval to buy back stock

Bank stocks rallied sharply Monday after the Federal Reserve gave financial institutions the greenlight to buy back shares.

Lululemon sales spike amid coronavirus as athleisure trend grows
December 11, 2020

Lululemon sales spike amid coronavirus as athleisure trend grows

The athleisure trend continues to boost sales for these brands during pandemic.

Goldman Sachs eying Florida move for key division, report says
December 7, 2020

Goldman Sachs eying Florida move for key division, report says

The potential development comes on the heels of several other investment companies moving from the Big Apple to down South — and battering New York’s bottom line with the loss of white-collar jobs.

DeVos suspends student federal loan payments through January
December 5, 2020

DeVos suspends student federal loan payments through January

The Trump administration extending a moratorium that started early in the pandemic but was set to expire at the end of this month.

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