Receiving Wide Coverage ...
There he goes again: JPMorgan Chase CEO Jamie Dimon doubled down on his criticism of bitcoin, which a few weeks ago he called a “fraud.” On Friday he went even further. “I don’t personally see any value in something that has no actual value,” he said at an Institute of International Finance conference in Washington. “I could care less what bitcoin trades for, how it trades, why it trades, who trades it. If you’re stupid enough to buy it you will pay the price for it one day.”
BlackRock CEO Larry Fink echoed that sentiment, likening the price of bitcoin to an “index of money laundering.”
But that didn’t stop bitcoin from
Just because he doesn’t like bitcoin doesn’t mean Dimon isn’t “
Wall Street Journal
Not now: Social Finance said Friday it is withdrawing its application to open a bank, following the departure of CEO Michael Cagney, his wife, Chief Technology Officer June Ou, and several other executives in the wake of a sexual harassment scandal at the online lender.
“With SoFi’s leadership in transition, we’re withdrawing our application with the FDIC for now,” a SoFi spokesman said, adding that a bank charter “remains
Moving on up: Fueled by “breakneck growth in both e-commerce and mobile money transfers,” PayPal has
Falling behind: Wells Fargo’s troubles are just getting worse. “As other large banks were all reporting solid quarterly earnings [last] week,
New York Times
Trapped: It’s “unfortunate” that Equifax has a dominant position in supplying credit reports for consumers who apply for a mortgage, columnist Gretchen Morgenson writes.
“Like it or not, when you apply for a home mortgage or to refinance an existing loan, Equifax will be a part of the process,” she notes. “That’s because, of the three major credit reporting agencies, only Equifax has a division, Equifax Mortgage Solutions, that supplies lenders with what is known as a merged credit report. While other credit-reporting companies can provide a merged report, Equifax is a major go-to source for that information.”
“Even more troubling,” she says is an
Quotable
“A fiat currency is when a government says, this is your legal tender, you have to give it and accept it, and of course the central bank can misuse it and inflate it. But