Some Chinese banks are so fearful of sanctions that they're returning payments for goods that have reached Russia, report says

Tech Insider : Economy, Economy
Vladimir Putin.
Russia is having a harder time doing business globally with new sanctions.

Sergei Guneyev/Pool/AFP via Getty Images

Bankers Have Lost So Much Money Thanks to Elon’s Terrible Twitter Deal

Gizmodo

File photo of Elon Musk on June 19, 2024 In Cannes, France.

Elon Musk made a $13 billion blunder. Wall Street still wants to work with him.

Tech Insider
Elon Musk applauding as Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress, July 2024.
Elon Musk's deal to borrow $13 billion to finance his Twitter purchase was a flop. Those same banks very much want to be in business with him.

Anna Moneymaker/Getty Images

Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.

Tech Insider : Economy
A silhouette of a person using a cell phone is seen against a purple background with the Zelle name and the company's motto:
Zelle users would have increased protections against scams under a proposed bill in Congress.

Rafael Henrique/SOPA Images/LightRocket via Getty Images

China's trade with Russia is getting so difficult that payments can take half a year and most bank transfers are returned

Tech Insider : Economy, Economy
Russian President Vladimir Putin and Chinese President Xi Jinping side half-body shot against country flags.
Russian President Vladimir Putin and Chinese President Xi Jinping.

Getty Images

Banks scramble to repair the damage caused by Crowdstrike IT outage

Tech Insider
Santander ATM cash machine
British bank Santander said its ATM services were impacted by the global IT outage

SOPA Images/ Getty Images

Big banks are more at risk of a commercial real estate meltdown than people think, new study says

Tech Insider
manhattan skyline
Commercial real estate properties could be in for another 10% decline this year, Capital Economics estimated.

Gary Hershorn/Getty Images

Don't feel bad for Gen Z and millennials — they'll work less and live longer, Jamie Dimon says

Tech Insider : Economy, Economy
jamie dimon
JPMorgan CEO Jamie Dimon.

REUTERS/ Larry Downing

Jamie Dimon warns inflation and higher interest rates may linger — and people are running out of spare cash

Tech Insider : Economy, Economy
jamie dimon
JP Morgan CEO Jamie Dimon.

Reuters

Why more US banks could collapse

Tech Insider

Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But more banks could fail, according to Fed chair Jerome Powell.

 

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