Trump is suing JPMorgan for a huge amount of money. He says the bank closed his accounts because of politics. The bank says it's not true. Who's right? Trump claims JPMorgan closed his accounts because of his political views. He says this is unfair and against the law. He also says the bank spread
Big banks are finally waking up to crypto. They see it as a big deal, maybe even a threat to their business. This is what the head of Coinbase, Brian Armstrong, shared after a big meeting in Davos. He didn't name names, but he said a top boss from one of the world's biggest banks told him crypto is
In a bold move, former US President Donald Trump has taken legal action against JPMorgan Chase and its CEO, Jamie Dimon, demanding a hefty sum of $5 billion. The lawsuit, filed by Trump's legal representative, Alejandro Brito, claims that JPMorgan ended its banking services with Trump following the
The legal fight between Gemini Trust Company, Genesis Global Capital, and the US Securities and Exchange Commission (SEC) has finally wrapped up. The SEC decided to drop its civil lawsuit against Gemini and Genesis. This lawsuit was about Gemini's Earn program, which the SEC claimed was selling unre
A bank in Pennsylvania just won a tax refund. It's not about big money or fancy loopholes. It's about fixing signs. The bank thought it paid too much tax on repairs for an elevator and some signs. First, they got a win for the elevator. But the tax board said no to the signs. The bank didn't give u
Capital One's acquisition of Brex for $5. 15 billion is a big deal. It shows that banks are now realizing they can't ignore fintech companies. These fintech startups are growing fast and becoming very important. They offer services that banks want to have. Fintech companies are getting a lot of mon
Banks in the euro area might struggle to get money from markets, especially in dollars and other foreign currencies, if global tensions keep rising. This warning came from the European Systemic Risk Board (ESRB) on a Thursday. Recently, things got tense between Europe and the U. S. over President T
A bank in Pennsylvania recently won a partial victory in its fight for a tax refund. The state's Board of Finance and Revenue (BFR) decided to give back some of the sales and use taxes the bank had paid. The bank had asked for a refund on several things, including landscaping, security gear, buildin
Spirit Airlines is in deep trouble. The budget airline is talking to Castlelake, an investment firm, about a possible takeover. This comes as Spirit tries to pull itself out of bankruptcy for the second time in a year. Things went downhill fast after the pandemic. Costs went up, and fewer people wan
Jamie Dimon, the CEO of JPMorgan Chase, recently shared his thoughts on President Trump's proposal to cap credit card interest rates at 10%. He suggested testing this idea in Vermont and Massachusetts. He brought this up at the World Economic Forum in Davos, Switzerland. Dimon believes that a natio
