US unemployment could surge to 30% in Q2, GDP plunges 50%, Fed boss warns - Business Insider
"It is a huge shock and we are trying to cope with it and keep it under control," St. Louis Fed chief James Bullard told Bloomberg.
Credit Suisse overhauling banker bonus pay, adding clawback penalty - Business Insider
Higher-earning employees who leave within three years of receiving a bonus will have to pay back a portion of it.
Goldman announces consumer growth targets at investor day - Business Insider
At its first-ever investor day, Goldman Sachs announced its plans to grow consumer deposits to at least $125 billion over the next five years.
Warren Buffett: 'most gruesome mistake' was Dexter Shoe, $9 billion error - Business Insider
"As a financial disaster, this one deserves a spot in the Guinness Book of World Records," the Berkshire Hathaway boss and famed investor said.
PayU has acquired a controlling stake in digital lending platform PaySense - Business Insider
Payments company PayU has acquired a controlling stake in digital lending platform PaySense at a $185 million valuation.
Nine in ten UK consumers struggle with financial literacy - Business Insider
Nine in ten UK consumers feel they are undereducated in terms of personal finance – and fintechs should step up efforts to enhance financial clarity.
Physical branches might not be a lost cause for banks - Business Insider
Physical bank branches are on the decline, but banks don't have to sacrifice branches if they adapt them to the digital age.
Payment Gateways Report: Top Providers & Strategies in 2020 - Business Insider
This Business Insider Intelligence report details the most important aspects of 5 major payments gateway providers and gives insight to the best practices providers should observe.
Innovators who are transforming the future of wealth management - Business Insider
Technology is changing the lives of financial advisers and their clients. Here are 7 people who are helping lead the disruption.
The SEC is investigating whether BMW manipulated sales figures - Business Insider
'We can confirm that we have been contacted by the SEC and will cooperate fully with their investigation,' a BMW spokesperson told Business Insider.
RateSetter is targeting financial advisors with its new service - Business Insider
RateSetter is targeting financial advisors with its new service, which could help it bypass new peer-to-peer lending regulations.
Bad news for Trump — 60% of Americans say the surging stock market doesn't affect them - Business Insider
Only 40% of respondents in the Financial Times poll said that the stock market had gone up this year. The S&P 500 has soared about 26% in 2019.
Contactless payments drive almost as many transactions as cash in Canada - Business Insider
Contactless transactions are a major part of Canada's payments landscape – making up 19.5% of the country's 21.1 billion transactions in 2018.
Social trading platform eToro is planning to launch its own debit card next year - Business Insider
eToro plans to roll out a debit card in Q2 next year – allowing users to spend their eToro earnings via the card and set up recurring payments.
UK regulators take a hard line on outages - Business Insider - Business Insider
Major UK financial regulatory bodies have put out a shared policy summary aimed at preventing prolonged tech problems in the banking sector
Germany October factory output falls, industrial recession getting worse - Business Insider
October's 1.7% fall means that in the last year output has fallen 5.7% — the steepest year-on-year decline since 2009.
The richest place in every state in the US - Business Insider
The richest town in the entire US is a Silicon Valley enclave where the median income is over $250,000 and the typical home is worth over $2 million.
Carl Icahn looking to take control off Occidental board: Bloomberg - Business Insider
Occidental's stock is down 42% since April.
Warburg Pincus-backed fintech Facet Wealth on client referrals, growth - Business Insider
Facet Wealth is a three-year-old registered investment adviser with a fintech twist that's tapping into major themes playing out across the wealth management industry.
Finance recruiters tell job-seekers 2020 will be 'challenging' year - Business Insider
Recruiters and career coaches laid out how to grapple with the new reality of the job market in finance Tuesday night at the CFA Society New York.
