Finance

Capital One Faces Lawsuit for Deceptive Practices in Savings Accounts Capital One (COF.N) was sued on Wednesday by New York Attorney General Letitia James, who accused the bank of defrauding customers by misleading them about interest rates on its flagship “high interest”

The rivalry between top-tier premium credit cards is intensifying as JPMorgan Chase and American Express prepare major updates to their flagship products. Both issuers aim to attract affluent customers with expanded perks and benefits, potentially raising annual fees in the process. JPMorgan

Major Banks Push for In-Person Work—But Offices Strain Canada’s banking sector is shifting gears on hybrid work. Toronto-Dominion Bank is the latest institution requiring employees to return to corporate offices four days a week, joining RBC, BMO, and Scotiabank in a coordinated

Goldman Retreats as JPMorgan Steps In JPMorgan Chase is close to securing a major deal to assume control of the Apple Card from Goldman Sachs, according to sources familiar with the discussions. The move would further solidify JPMorgan’s dominance in the U.S.

Gold rebounds after recent lows Gold prices rose 0.9% on Wednesday to $3,344.37 per ounce, boosted by a weakening U.S. dollar. The market reacted to the Federal Reserve’s July meeting minutes, which showed that only two officials favored a rate cut. Traders

Dollar drops against euro, pressured by Fed and shutdown fears The U.S. dollar slipped for a third consecutive day against the euro on Thursday, reflecting growing concerns over Federal Reserve dovish signals and escalating U.S.-China trade tensions. The dollar index edged down

Strong earnings power a higher payout for shareholders Royal Bank of Canada reported a record fourth quarter, prompting its board to raise the quarterly common share dividend to $1.64, a six per cent increase. The payment is scheduled for February 24, 2026,

Integrated Advice Is Possible Independent wealth management firms can deliver integrated advice across succession, governance and structuring, but only if they organize expertise correctly, according to Bartoletti. Her view is that integration is not limited to firms with every specialist in-house. Independent

Energy markets react to extreme winter forecast Natural gas prices surged sharply on Wednesday as forecasts pointed to an intense Arctic cold front sweeping across large parts of the United States. Traders moved quickly to price in a spike in heating demand

Lawsuit alleges political debanking U.S. President Donald Trump on Thursday filed a $5 billion lawsuit against JPMorgan Chase and its chief executive Jamie Dimon, accusing the bank of unlawfully closing several of his accounts to advance a political agenda. The lawsuit was