Plum’s research reveals 1 in 3 women see ISAs as a millionaire-making opportunity. The study focused on young people aged 18-44, and found women prefer well-known investment methods such as buying property (32%) and stocks and shares ISAs (29%) over riskier ones. Women are less likely to invest in single stocks (17% vs 34% of …
Plum Data: One in three women see investing as millionaire-maker Read More »
WealthArc has compared cloud-based and on-premise wealth management solutions to determine which is better. On-premise tools offer greater control and customization, but come with hidden costs. Before opting for an on-premise solution, firms should consider the total cost of ownership. Installing and maintaining local tools require significant investments in hardware and network infrastructure, including servers, …
Wealth management: On-premise vs cloud-based battle Read More »
ChatGPT’s fictional fund is outperforming UK’s top 10 funds, which collectively lost 0.8% in value. The ChatGPT fund has led the real funds for 87% of its lifespan, with a difference of 6.6% on its best day. Personal finance site Finder created the fund by asking ChatGPT to select stocks based on leading fund investing …
ChatGPT fund outperforms UK’s top 10 popular funds in investment Read More »
Most people look to the stock market when investing, but there are various options to explore. Diversifying your portfolio with investments that aren’t linked to the stock market is wise. Whether you’re hesitant about investing in stocks or want to diversify, read on for alternative investment options. However, these options vary in safety and volatility, …
14 Non-Stock Market Investment Options: Exploring Your Choices Read More »
Apple’s new high-yield savings account attracted almost $1 billion in deposits during its first four days, with almost $400 million of those deposits made on launch day alone. The account’s annual return of 4.15% and the popularity of iPhones are the primary reasons for account openings, given that most banks pay less than 0.5%. The …
Apple’s New Savings Account Attracts Nearly $1 Billion in First Four Days Read More »
Marble, a digital wallet and loyalty platform for insurance, has secured $4.2M in funding from Distributed Ventures, Goodwater Capital, Blue Collective, and other investors. Marble members can shop, compare, explore, pay, and earn rewards on their insurance premium payments, with no cost to join. The wallet, founded in 2020, links members to various types of …
Marble, the Digital Wallet for Insurance, Secures $4.2M in Funding Read More »
Mastercard has pledged to remove first-use PVC plastics from payment cards on its network by 2028. The initiative is part of the company’s sustainability efforts and aims to provide consumers with more sustainable card options. From January 1, 2028, all new Mastercard payment cards will be made of eco-friendly materials like rPVC, rPET, or PLA, …
Mastercard to Remove First-Use PVC Plastics from Payment Cards by 2028 Read More »
JPMorgan Chase has reached an agreement to save First Republic Bank, which has lost tens of billions of dollars in customer withdrawals in recent weeks. The San Francisco-based bank’s “substantial majority” of assets, including loans, securities, and customer deposits, will be taken over by JPMorgan Chase. First Republic’s 84 bank branches, located in eight states, …
JPMorgan Chase to Acquire Troubled First Republic Bank Read More »
Vijay Ayyar, Luno’s VP of corporate development and international, is leaving the Digital Currency Group-owned crypto exchange after seven years. The departure came after the company shut down its Singapore operations, where Ayyar is based, but he insisted it was unrelated. Ayyar said he left to join another crypto and Web3 company but did not …
Embattled Crypto Exchange Loses Top Executive Amid Turmoil Read More »
US regulators worked to resolve the First Republic Bank crisis after the deadline for submitting final bids to take over the struggling lender passed. The Federal Deposit Insurance Corp asked banks, including JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group, to submit offers. Bank of America and US Bancorp were also invited but …
First Republic Bank Crisis: Feds Work Overnight After Bid Deadline Read More »
