Hugh Son

The Archive

Retail cards hit a record high average interest rate of 30.5% last year, and rates have stayed close to those levels this year

May 07, 2025 | 07:00AM

Banks are keeping credit card rates high even after the CFPB rule they blamed for high APRs was killed
SoFi was forced to drop crypto investing in late 2023 as part of becoming a regulated bank

April 29, 2025 | 07:00AM

SoFi CEO says fintech bank is bringing back crypto investing
American Express and JPMorgan Chase, both of which cater to wealthier users with higher credit scores, saw spending increase to start 2025

April 28, 2025 | 12:31PM

Wealthy consumers upped their spending last quarter, while the rest of America is cutting back
American Express results show that the company's wealthier customers may insulate it somewhat from concerns that tariffs and stubborn inflation have caused

April 17, 2025 | 12:47PM

American Express’s wealthy cardholders are mostly untouched by tariff jitters
The six biggest U.S banks put up $16.3 billion in stock trading revenue, 33% more year over year and higher than the 2020 pandemic or the 2008 financial crisis

April 16, 2025 | 11:30AM

Wall Street trading desks are feasting on the volatility from Trump’s global upheavals
The episode highlights the lengths JPMorgan Chase, the biggest U.S

April 16, 2025 | 08:07AM

JPMorgan Chase sues more customers who allegedly stole cash in 'infinite money glitch' bank by assets, will go to claw back funds it is owed and to deter future crimes
CEO Jane Fraser said Tuesday the bank was continuing to earn credibility with investors and that she remains focused on executing on her strategy

April 15, 2025 | 07:30AM

Citigroup results exceed analysts' estimates on gains in fixed income and equities trading
Bank of America shares have sold off in recent weeks on concern that President Donald Trump's tariff policies could cause a recession

April 15, 2025 | 06:15AM

Bank of America to report first-quarter earnings
Goldman Sachs may prove to be a beneficiary of the recent market environment

April 14, 2025 | 12:01AM

Goldman Sachs is about to report first-quarter earnings
"Analysts have generally reduced their S&P estimate earnings by 5%," in recent days, Dimon said

April 11, 2025 | 08:52AM

Jamie Dimon says he expects S&P 500 earnings estimates to fall as companies pull guidance "I think you'll see that come down some more."

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