Merrill Lynch Financial Advisor Banned From Industry After Allegedly Draining $2,580,000 From Former NFL Player’s Account: Report

A financial advisor from Bank of America’s wealth management division is reportedly banned from the industry amid allegations that he stole millions of dollars from his client’s account. Former Merrill…

Continue ReadingMerrill Lynch Financial Advisor Banned From Industry After Allegedly Draining $2,580,000 From Former NFL Player’s Account: Report

Billionaire Ray Dalio Warns of Potential 1970s-Style Stagflation, Says There’s ‘Not Enough Money To Go Around’

Bridgewater Associates founder Ray Dalio says that a period of stagflation similar to the one witnessed in the 1970s could be approaching. In a new interview with David Rubenstein, Dalio…

Continue ReadingBillionaire Ray Dalio Warns of Potential 1970s-Style Stagflation, Says There’s ‘Not Enough Money To Go Around’

Bank of America Unveils S&P 500 Targets As Wealth Advisory Firm Says Investors Pricing In Goldilocks Scenario for Stock Market: Report

Bank of America (BofA) believes corporate America will send the S&P 500 soaring to new all-time high levels. Despite President Trump’s trade war, BofA strategists including Savita Subramanian and Jill…

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Fold CEO Warns Altcoins To Remain Speculative, Says Bitcoin’s Market Dominance ‘Something That Can’t Be Reversed’

The chief executive of Bitcoin (BTC) financial services firm Fold is issuing a warning about altcoins, saying that the crypto king’s market dominance isn’t something that will backtrack. In a…

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Crypto Hacker Who Drained $42,000,000 From GMX Goes White Hat, Returns Funds in Exchange for $5,000,000 Bounty

A crypto hacker who stole tens of millions of dollars from the decentralized crypto perpetuals exchange GMX (GMX) is turning white hat by returning the stolen funds to collect a…

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JPMorgan Chase, Bank of America, Wells Fargo and Citigroup Holding $172,280,000,000 in Unrealized Losses As Bank Bond Portfolios Remain Underwater: S&P Global

The four largest banks in the US are staring at tens of billions of dollars in unrealized losses on their held-to-maturity (HTM) securities as bond portfolios remain in the red.…

Continue ReadingJPMorgan Chase, Bank of America, Wells Fargo and Citigroup Holding $172,280,000,000 in Unrealized Losses As Bank Bond Portfolios Remain Underwater: S&P Global

Wall Street Firm Abruptly Upgrades JPMorgan and Morgan Stanley, Says Upside Scenario Now Base Case for Big Banks

Boutique investment bank KBW believes JPMorgan Chase and Morgan Stanley are primed to witness higher prices as conditions conspire to favor large US banks In a new interview on CNBC…

Continue ReadingWall Street Firm Abruptly Upgrades JPMorgan and Morgan Stanley, Says Upside Scenario Now Base Case for Big Banks