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Biden Climate Envoy John Kerry Talking to Banks, Asset Managers About Mobilizing Capital for Clean Energy
The private and public sectors must collaborate to combat climate change by investing in sustainable energy and technology, Biden climate czar John Kerry said.
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Tech ‘Rollover' Is a Major Buying Opportunity: Oppenheimer's Top Strategist
Oppenheimer Asset Management’s John Stoltzfus believes tech plays a key role in the reopening trade.
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SoftBank-Backed Greensill Capital Is Reportedly Preparing to File for Insolvency
Greensill Capital is preparing to file for insolvency in the U.K., according to a report from The Financial Times on Wednesday.
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Square Closes Up Nearly 5% After Jack Dorsey's Company Launches Its Own Bank
Square’s new bank will offer FDIC-insured deposit accounts and loans to small businesses that have historically used the company for payment processing.
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India's Plan to Divest State-Owned Companies Is ‘Back on Track', Says Top Official
The country has a disinvestment target of 1.75 trillion rupees (about $24 billion) for the next fiscal year which starts on April 1.
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Fintech Firm Klarna Is Raising $1 Billion at a $31 Billion Valuation, Sources Say
Klarna is one of the world’s largest providers of “buy now, pay later” services.
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Britain Should Overhaul Listings to Boost Its $15 Billion Fintech Sector Post-Brexit, Review Says
Britain is one of the leading players in fintech globally, attracting $4.1 billion in venture capital investment last year.
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The Wealthy Are Borrowing Billions Against Their Art Collections and Lenders Are Reselling the Debt
The move to borrow against collections creates the risk of a leveraged boom and bust in the art market.
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Stock Markets ‘Look Frothy,' But Standard Chartered CEO Sees No Reason to Panic Over Inflation
Standard Chartered on Thursday warned stock market valuations appear to have reached unsustainable levels amid a period of “speculative hype.”
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Biden Administration May Undo Certain Trump-Era Mortgage Rules
The CFPB said Tuesday it may rewrite or undo Trump-era rules for certain mortgages. Consumer groups say those rules may lead banks to make riskier loans.
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Klarna's CEO Is ‘Deeply Worried' About Tweets Promoting Bitcoin and Thinks Regulators Should Step in
Klarna chief Sebastian Siemiatkowski said he’s worried about tweets promoting bitcoin and thinks regulators should act to protect people from potential losses.
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Chase Doubles Housing Grant Program as American Banks Reckon With Low Minority Homeownership
Chase Bank will double its Homebuyer Grant in an effort to foster homeownership among Black and Latino communities.
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Cash Usage Has Increased Amid the Pandemic, Brinks CEO Says
“Potential investors confuse that cash is going down,” but “the strength of cash is just as strong as it was before” the pandemic, Brinks CEO Doug Pertz said.
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JPMorgan Chase Announces Latest Efforts in Its $30 Billion Commitment to Address Racial Inequality
Historically, banks have contributed to inequality through now-banned practices including redlining.
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HSBC Pays Dividends Again After Beating Estimates on 2020 Profit
HSBC said its reported profit before tax for 2020 fell 34% from a year ago to $8.78 billion.
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Market Bull Julian Emanuel Sees Rising Treasury Yields Accelerating a Major Leadership Change. Here's How to Play It.
While rising Treasury yields create jitters on Wall Street, BTIG’s Julian Emanuel is looking to put money to work outside of Big Tech.
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Forget Bitcoin — Fintech Is the ‘Real Covid-19 Story,' JPMorgan Says
JPMorgan thinks bitcoin is an “economic side show,” despite the cryptocurrency’s monster rally.
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JPMorgan Invests in Private Stock Trading Venue With Palantir Link Amid Demand for Pre-IPO Shares
The move is the first investment JPMorgan has made to help the bank access data and prices in the burgeoning market for private securities.
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European Banks Have Been Resilient During the Covid Crisis, But Still Face 2 Major Challenges
There’s been a noticeable difference between the pandemic and the global financial crisis of 2008.
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Citadel Billionaire Ken Griffin Defends Melvin Stake Against ‘an Insane Conspiracy Theory'
Billionaire Ken Griffin defended his $2 billion investment in short seller Gabe Plotkin’s Melvin Capital amid the height of the GameStop mania.