Swedish financial technology company Klarna announces launch of its initial public offering, months after the firm paused its planned listing
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Sweden's Klarna receives licence from UK's Financial Conduct Authority – will allow the fintech firm to launch a debit card
7 votes -
A contentious book argues that endless oil revenue and a sovereign wealth fund are making Norway increasingly bloated, unproductive and unhealthy
13 votes -
EU needs single regulatory framework and to break down fragmentation across its business, tax, debt issuance and securities law systems, according to Norway's sovereign wealth fund
15 votes -
Capital One US settlement: Here's who's eligible for $425 million payout
23 votes -
The demise of Silicon Valley Bank
10 votes -
Key US regulators approve merger of Capital One and Discover, paving the way for a new biggest credit card company
30 votes -
Brazil’s government-run payments system has become dominant
34 votes -
Norges Bank has decided to renew Nicolai Tangen's term as chief executive of Norway's soveriegn wealth fund after his first period comes to an end later this year
6 votes -
Norway's sovereign wealth fund should let other institutions and perhaps even ordinary people invest in the fund
12 votes -
Norway central bank gets eighty-two applicants for wealth fund CEO job – current chief Nicolai Tangen has applied for a second term
3 votes -
Norway's sovereign wealth fund posted a full-year profit of $222.4 billion – returns were driven by the AI boom that drove tech stocks higher in 2024
7 votes -
Iceland is crowdsourcing ideas from the population on budget savings to ensure taxpayer money is well spent
13 votes -
How a major bank cheated its customers out of $2 billion, according to a new US federal lawsuit
21 votes -
Nazi ties to Credit Suisse ran deeper than was known, hidden files reveal
15 votes -
The one-in-a-thousand-day problem in banking - an analysis of financial crises
9 votes -
Sweden is a nearly cashless society – here's how it affects people who are left out
47 votes -
Everybody loves FRED: How America fell for a data tool
13 votes -
Three of the biggest US banks are facing a lawsuit for ‘widespread fraud’ on Zelle
32 votes -
Thousands of Americans see their savings vanish in Synapse fintech crisis
51 votes -
Key inflation rate hits 2.1% in September, as expected, closing in on US Federal Reserve target
21 votes -
Norway's $1.8 trillion wealth fund issues stock market warning – heightened uncertainty and concerns over the economic outlook mean that stock market risks are tilted to the downside
9 votes -
From "anti-core" to "felt inflation": Or how I calmed my populist demons
25 votes -
Russian banks say yuan coffers empty, urge central bank action, while Chinese banks in Russia are avoiding currency trading for fear of secondary Western sanctions
21 votes -
Dow Jones drops 864 points, and Japanese stocks suffer worst crash since 1987 amid US economy worries
50 votes -
Japanese stocks rebound after global sell-off; US futures edge up
19 votes -
US Consumer Financial Protection Bureau takes action against Fifth Third Bank for wrongfully triggering auto repossessions and opening fake bank accounts
20 votes -
Europe’s banks find breaking up with Russia is hard to do
10 votes -
The US Federal Reserve fears a bond meltdown
6 votes -
Japan intervenes after Yen slides against the Dollar
20 votes -
Rents are the Federal Reserve’s ‘biggest stumbling block’ in taming US inflation
16 votes -
There used to be a people’s bank at the US Post Office
37 votes -
Kansas bank collapse due to executive caught in pig butchering investment scam from Asia
32 votes -
Bank of Canada says the country faces a productivity 'emergency'
17 votes -
US Federal Reserve’s Jerome Powell ready to support job market, even if it means lingering inflation
7 votes -
Why the 2% inflation target?
29 votes -
Millennium trader scored $40 million windfall in Egypt FX plunge
4 votes -
Why small developers are getting squeezed out of the housing market
18 votes -
Capital One to buy Discover Financial in $35.3 billion all-stock deal
32 votes -
As Bitcoin rallies, banks are pushing US regulators to change crypto guidance
8 votes -
‘No cash accepted’ signs are bad news for millions of unbanked Americans
55 votes -
New US bank-overdraft fee limits to go into effect
41 votes -
TIL: Don't use your points directly on Amazon
Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the...
Maybe everyone knows this, but I suspect not. For years, I've been using the points I earn on a Chase Freedom card directly on Amazon. I just found out today that I'm only getting 80% of the value. Redeeming 26,345 points at Amazon yields $210.76. Redeeming 26,345 points on the Chase website (for an Amazon gift card) yields $263.45.
The Chase Amazon Prime Visa does give 100% of value directly on Amazon's site.
30 votes -
US markets get ready for risk-free Federal Reserve arbitrage trade to expire
4 votes -
What is the importance of management jobs when applying for bank products?
I live in the EU. I recently applied for a credit card, and the banker asked me (about my job): "Is it a management role?" I realized that it is a question I have been asked several times in the...
I live in the EU. I recently applied for a credit card, and the banker asked me (about my job): "Is it a management role?"
I realized that it is a question I have been asked several times in the past by banks. I tried a cursory google & Reddit search, but I haven't found anyone being curious about this.
I'll try here then. Does anyone know why bankers ask this question? How does it matter? Are "individual contributors" seen as worse/riskier customers than managers?
I have my own informal, anecdotal opinion, but I'm hoping to hear some more informed answer.
26 votes -
Denmark set to withdraw the 1,000 kroner note, its largest denomination, from circulation by May 2025 – just 10% of payments in stores are made in cash
26 votes -
Why US banks are suddenly closing down customer accounts
28 votes -
Payments app Zelle begins refunds for imposter scams after Washington pressure
13 votes -
Norway's $1.4 trillion sovereign wealth fund, the world's largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value
10 votes -
Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’
24 votes