Hugh Son

The Archive

CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000

November 22, 2024 | 11:00AM

'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis
The most popular apps covered by the rule collectively process more than 13 billion consumer payments a year, the CFPB said

November 21, 2024 | 09:58AM

CFPB expands oversight of digital payments services including Apple Pay, Cash App and PayPal
Banks are under pressure to kick criminals off their platforms and compensate more victims as regulators and lawmakers focus on the harm done by digital scams

November 13, 2024 | 10:00AM

Banks are reporting a ten-fold surge in digital scams, cybersecurity firm BioCatch says
JPMorgan is investigating thousands of cases related to the glitch, which highlights the risk that social media can amplify vulnerabilities found at a bank

October 28, 2024 | 01:32PM

JPMorgan begins suing customers who allegedly stole thousands of dollars in 'infinite money glitch'
Nearly 50% of employees at Morgan Stanley and 60% at JPMorgan Chase have access to generative AI software provided by OpenAI

October 23, 2024 | 09:00AM

AI on the trading floor: Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division
Morgan Stanley has several tailwinds in its favor, from high stock values to a rebound in investment banking and strong trading activity

October 16, 2024 | 07:00AM

Morgan Stanley tops estimates on better-than-expected wealth management, trading and banking results
How quickly will Bank of America benefit from falling interest rates?

October 15, 2024 | 06:15AM

Bank of America is set to report third-quarter earnings — here's what the Street expects
Now that the Fed is easing rates, Goldman may benefit as corporations that have waited on the sidelines to acquire competitors or raise funds take action

October 15, 2024 | 12:01AM

Goldman Sachs to report third-quarter earnings
With the U.S election less than a month away, the country and its corporate sectors are staring down two drastically different options

October 13, 2024 | 07:00AM

Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more
JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East

October 11, 2024 | 07:34AM

Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse'

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