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17 votes
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US Fed’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 -
Is private equity actually worth it?
18 votes -
Why small developers are getting squeezed out of the housing market
18 votes -
ETF approval for bitcoin – the naked emperor’s new clothes [European Central Bank criticises US securities regulator for approving a Bitcoin ETF]
20 votes -
Capital One to buy Discover Financial in $35.3 billion all-stock deal
32 votes -
Bad property debt exceeds reserves at largest US banks
23 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 Fed arbitrage trade to expire
4 votes -
Easy money [exploring the effects of low central bank interest rates]
7 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 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 -
Fraud, abuse, fingerprinting, privacy, and openness – Why my bank is fingerprinting me and why that's fine
4 votes -
Europe's single currency, used daily by about 350 million people, has become a hot topic in an unlikely place – Sweden
12 votes -
Fed to propose lowering US debit-card swipe fees
8 votes -
Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’
24 votes -
Judge rules against banks' request to seal documents in upcoming New York Donald Trump case. Records will be public with very specific exceptions for privacy.
24 votes -
America's obsession with weight-loss drugs is affecting the economy of Denmark – Novo Nordisk's market capitalization has matched the GDP of its home country
17 votes -
Australian petition against bank actions cutting branch locations and restricting access to cash gains more than 120,000 signatures
12 votes -
The biggest bank heist in history (and why you've never heard of it)
7 votes -
Bank of England outage hits key payments systems processing billions
10 votes -
Moody's downgrades regional US banks
8 votes -
Bank failure: Kansas Heartland Tri-State Bank closed by US Federal Deposit Insurance Corporation
29 votes -
Aspiration vs Amalgamated Bank (ethical banking)
Does anyone here have any experience with Aspiration or Amalgamated bank? I am interested in opening a new credit account and can't seem to decide which one to pick. I've picked these two because...
Does anyone here have any experience with Aspiration or Amalgamated bank? I am interested in opening a new credit account and can't seem to decide which one to pick.
I've picked these two because of their environmental commitments, but I'm leaning towards Amalgamated since it's based in the East Coast.
Edit: Unfortunately, Beneficial is only in the West
6 votes -
Banks in UK and US are closing customer accounts with little to no warning or explanation
15 votes -
US Federal Reserve Board announces a consent order and a $268.5 million fine with UBS Group AG, of Zurich, Switzerland, for misconduct by Credit Suisse, which UBS subsequently acquired in June 2023
11 votes -
US Federal Reserve announces that its new system for instant payments, the FedNow Service, is now live
46 votes -
Term deposits — are they worth it? At what point are they worth it?
Now, rationally, I suspect the answer is "Of course!". But I'm looking for general advice, if my fellow Tildesians would be so kind. This question has arisen while investigating opening a Monzo...
Now, rationally, I suspect the answer is "Of course!". But I'm looking for general advice, if my fellow Tildesians would be so kind.
This question has arisen while investigating opening a Monzo account. Apparently, you can lock away some money for 12 months and get 5.3% AER interest on it - meaning for every, say, £1,000 I put in, I get £50 back, right?
My question: is that really worth it, in the grand scheme of things? Even if I put in £10,000, I'd be locking myself out of that much money for a grand total of £500. I understand that's a lot to some people (even me), but it hardly seems worth it.
Perhaps there's something I'm missing. Perhaps some bad maths on my part or some other type of interest that I don't know about. All advice is welcome and appreciated!
21 votes -
Bank of America has $100B in unrealized losses
9 votes -
How much have record corporate profits contributed to recent US inflation?
41 votes -
The Fed thinks catastrophe is coming for US businesses
15 votes -
Canadian interest rate increases = stave off the housing bubble (or create a spectacular burst?)
Do you guys think they're using rate increases to kill off all the overleveraged homeowners in an effort to create a sell-off and thereby lower housing costs? Could someone smarter than I please...
Do you guys think they're using rate increases to kill off all the overleveraged homeowners in an effort to create a sell-off and thereby lower housing costs?
Could someone smarter than I please explain what is going on... or is our inflation that bad? Seems like some of the inflation might be what I've read as greedflation. I didn't realize we jumped almost 3.75% in less than a year last year...
20 votes -
RICO lawsuit targets Credit Suisse
7 votes -
Swedish core inflation slowed less than expected in May as Beyoncé fans flooding Stockholm may have driven an increase in hotel prices
8 votes -
US Federal Reserve holds off on rate hike, but says two more are coming later this year
24 votes -
Cheques will be phased out in Australia by 2030 as mobile wallet use sky-rockets
18 votes -
Half of America’s banks are potentially insolvent – this is how a credit crunch begins
14 votes -
Social media as a bank run catalyst
8 votes -
After Signature Bank deal, FDIC is left with $11 billion in ‘toxic waste’ loans
6 votes -
Age of Easy Money | PBS Frontline documentary
2 votes -
What's the best way to save/store money?
Lately I've been thinking about withdrawing most if not all my money off the bank and investing in a safe box, but I'm not sure how wise of a decision that is. How does everyone here go about...
Lately I've been thinking about withdrawing most if not all my money off the bank and investing in a safe box, but I'm not sure how wise of a decision that is. How does everyone here go about that? Do you keep your money in the bank? Do you have a safe box at home? Why one over the other? Do you invest some of it, say in things like cryptocurrencies/stocks? What would you recommend or advice someone to do in regards to this if you could?
12 votes -
KPMG gave SVB, Signature Bank clean bill of health weeks before collapse. Accounting firm faces scrutiny for audits of failed banks.
6 votes