Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown
Jelena McWilliams, chair of the Federal Deposit Insurance Corporation (FDIC), during a Senate Banking, Housing, and Urban Affairs Committee hearing ...
Tag: Savings
Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’
Oscar Wong | Moment | Getty ImagesWhen Adam Moelis co-founded a fintech startup named Yotta in 2019, he wanted to ...
Need to reconsider sachetisation of F&O trade to safeguard household savings: CEA
New Delhi: Cautioning against household savings getting invested in futures and options trade, Chief Economic Advisor V Anantha Nageswaran on ...
Most American adults don’t have enough savings to pay an emergency $1,000 expense
While nobody really wants to tap into their emergency savings, most Americans couldn’t even afford it if they had to. ...
State-run ‘auto-IRA’ programs aim to close retirement savings gap
Moyo Studio | E+ | Getty ImagesRoughly half of Americans don't have access to a workplace retirement plan — but ...
Why cautious investors may want to look beyond high-yield savings accounts
Cautious investors piling into cash may want to consider other options.According to SPDR Exchange Traded Funds' Matthew Bartolini, active management ...
Intel closes up 9% after earnings beat shows progress toward $3 billion in cost savings
Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales.On Thursday, the ...
Here are 4 ways health savings accounts can be used to pay insurance premiums
Hoozone | E+ | Getty ImagesWhat are HSAs?HSAs carry a triple tax advantage: Account contributions are tax-free, as are investment ...
‘Phantom hacker’ scams that target seniors’ savings are on the rise, FBI says
South_agency | E+ | Getty ImagesThere has been a nationwide increase in "phantom hacker" scams, a type of fraud "significantly ...
Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO ...
