Banking

In the last four months, JPMorgan has agreed to pay $365 million in settling lawsuits surrounding Jeffrey Epstein’s sex trafficking operations. Only recently did JPMorgan notify the U.S. Department of Treasury that there had been over $1 billion in transactions at the bank related to Epstein’s human trafficking dating back…

It’s not change that people fear most, it’s the potential loss associated with that change – a psychological aversion that can make people take actions they wouldn’t usually consider. This is something that applies to companies too, since at the end of the day, companies are run by humans that…

The statistician W. Edwards Deming once famously said, “In God we trust; all others bring data.” He might well have been talking about bank regulations. There have been repeated industry-supported efforts to roll back bank regulation claiming that these rules “kill lending.” This theme has resurfaced because U.S. bank regulators…

Republican Lawmaker Proposes 18% Cap on Credit Card Interest Rates Credit card companies should be barred from setting interest rates higher than 18%, a Republican lawmaker from Missouri proposed Tuesday. If passed, U.S. Senator Josh Hawley’s bill, the Capping Credit Card Interest Rates Act, would also block credit card companies…

Good financial advisers can develop a suitable investing strategy and plan for their clients, given the client’s time horizon, risk tolerance, and personal preferences. Some investors, however, may feel that finding a good adviser can be as challenging as investing itself. Fortunately, the Securities and Exchange Commission offers an underutilized…

As the hottest summer on record winds down and populations across the globe battle the tumultuous effects of climate change, it’s an ideal time to consider how we, as investors, corporations and consumers, can make global plastic circularity an achievable goal. While we continue to make progress in our work,…

As summer winds down, kids across the country are starting to grumble about going back to school. This year, they might not be alone. Parents are also complaining about having to leave home and go back to the office. A growing number of companies are reversing course on work-from-home (WFH).…

Labor Day celebrates the essence of the American Dream and the outstanding accomplishments of the workforce. Tracing back to the late 1800s, labor activists advocated for this federal holiday to honor the significant contributions workers have made to America’s strength, prosperity and well-being , as acknowledged by the US Department…

The current economy is characterized by an interesting mix of optimism and anxiety. Franchises are a significant segment of the economy and despite a challenging economy, growth is expected to continue. For example, the International Franchise Association forecasted that franchises in the U.S. would grow by 3.0% in 2023, adding…

The world is abuzz with news, speculation, and a healthy dose of fear around artificial intelligence, or AI. Long considered science fiction, AI has arrived in the form of real-world, valuable applications with advances coming faster than ever. Although there are legitimate concerns about its boundaries, right now AI is…

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