Will they listen to Wall Street and ppl like Jamie Dimon and pause incoming tariffs ? That'll determine what happens next.
Jamie Dimon is the first Wall Street CEO to publicly address President Trump's sweeping tariff policy as global markets crash.
JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy
Jamie Dimon is the first Wall Street CEO to publicly address President Trump's sweeping tariff policy as global markets crash.
www.cnbc.com
April 7, 2025 at 1:27 PM
Will they listen to Wall Street and ppl like Jamie Dimon and pause incoming tariffs ? That'll determine what happens next.
Reposted by Hugh Son
Here's why #banks don’t want the #CFPB to disappear | @CNBC.com by @serhughoftheglen.bsky.social
buff.ly/y6iNxNs
#politics #banking #saving #investing #consumers
buff.ly/y6iNxNs
#politics #banking #saving #investing #consumers
Here's why banks don’t want the CFPB to disappear
The Consumer Financial Protection Bureau and its employees are in limbo after acting Director Russell Vought took over last month.
buff.ly
March 10, 2025 at 4:06 PM
Here's why #banks don’t want the #CFPB to disappear | @CNBC.com by @serhughoftheglen.bsky.social
buff.ly/y6iNxNs
#politics #banking #saving #investing #consumers
buff.ly/y6iNxNs
#politics #banking #saving #investing #consumers
Reposted by Hugh Son
Bank Stocks Week-to-Date:
Citigroup: -12.8%
Morgan Stanley: -11.1%
BofA: -10.2%
Goldman Sachs: -9.5%
Wells Fargo: -9.4%
JPMorgan: -7.8%
Citigroup: -12.8%
Morgan Stanley: -11.1%
BofA: -10.2%
Goldman Sachs: -9.5%
Wells Fargo: -9.4%
JPMorgan: -7.8%
March 7, 2025 at 2:59 PM
Bank Stocks Week-to-Date:
Citigroup: -12.8%
Morgan Stanley: -11.1%
BofA: -10.2%
Goldman Sachs: -9.5%
Wells Fargo: -9.4%
JPMorgan: -7.8%
Citigroup: -12.8%
Morgan Stanley: -11.1%
BofA: -10.2%
Goldman Sachs: -9.5%
Wells Fargo: -9.4%
JPMorgan: -7.8%
CFPB insiders say the plan from Vought & Musk is to reduce the agency to "Five Men and a Phone" buried somewhere in a DC office.
For more, read this 👇
www.cnbc.com/2025/02/28/c...
For more, read this 👇
www.cnbc.com/2025/02/28/c...
Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.
www.cnbc.com
February 28, 2025 at 4:32 PM
CFPB insiders say the plan from Vought & Musk is to reduce the agency to "Five Men and a Phone" buried somewhere in a DC office.
For more, read this 👇
www.cnbc.com/2025/02/28/c...
For more, read this 👇
www.cnbc.com/2025/02/28/c...
Reposted by Hugh Son
JUST IN (#CFPB) via @CNBC.com's @serhughoftheglen.bsky.social:
"The Consumer Financial Protection Bureau’s #Trump -appointed leadership plans to fire nearly all its 1,700 employees while 'winding down' the agency, acc'd to testimony from employees."
www.cnbc.com/2025/02/28/c...
"The Consumer Financial Protection Bureau’s #Trump -appointed leadership plans to fire nearly all its 1,700 employees while 'winding down' the agency, acc'd to testimony from employees."
www.cnbc.com/2025/02/28/c...
Trump administration, Musk’s DOGE plan to fire nearly all CFPB staff and wind down agency, employees say
Employees testified that CFPB leaders and Elon Musk's DOGE want to wind down the agency to five employees, the minimum required under law.
www.cnbc.com
February 28, 2025 at 3:06 PM
JUST IN (#CFPB) via @CNBC.com's @serhughoftheglen.bsky.social:
"The Consumer Financial Protection Bureau’s #Trump -appointed leadership plans to fire nearly all its 1,700 employees while 'winding down' the agency, acc'd to testimony from employees."
www.cnbc.com/2025/02/28/c...
"The Consumer Financial Protection Bureau’s #Trump -appointed leadership plans to fire nearly all its 1,700 employees while 'winding down' the agency, acc'd to testimony from employees."
www.cnbc.com/2025/02/28/c...
"This is an unlawfully-executed mass firing," said Johanna Hickman, a senior CFPB litigation counsel who said she received the agency's dismissal notice....
The CFPB sent termination notices to several dozen employees late Tuesday...
www.cnbc.com/2025/02/12/c...
The CFPB sent termination notices to several dozen employees late Tuesday...
www.cnbc.com/2025/02/12/c...
CFPB’s new leadership begins staff purge with dozens of employees terminated
The terminations have sowed more confusion at the bureau, as several of those being laid off had already accepted federal buyout offers, said one of the people.
www.cnbc.com
February 12, 2025 at 9:11 PM
"This is an unlawfully-executed mass firing," said Johanna Hickman, a senior CFPB litigation counsel who said she received the agency's dismissal notice....
The CFPB sent termination notices to several dozen employees late Tuesday...
www.cnbc.com/2025/02/12/c...
The CFPB sent termination notices to several dozen employees late Tuesday...
www.cnbc.com/2025/02/12/c...
CFPB update:
On Monday morning, Vought reiterated the message in an agency-wide email to staff, saying that employees needed clearance from chief legal officer Mark Paoletta to "perform any work task."
www.cnbc.com/2025/02/09/c...
On Monday morning, Vought reiterated the message in an agency-wide email to staff, saying that employees needed clearance from chief legal officer Mark Paoletta to "perform any work task."
www.cnbc.com/2025/02/09/c...
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo.
www.cnbc.com
February 10, 2025 at 1:53 PM
CFPB update:
On Monday morning, Vought reiterated the message in an agency-wide email to staff, saying that employees needed clearance from chief legal officer Mark Paoletta to "perform any work task."
www.cnbc.com/2025/02/09/c...
On Monday morning, Vought reiterated the message in an agency-wide email to staff, saying that employees needed clearance from chief legal officer Mark Paoletta to "perform any work task."
www.cnbc.com/2025/02/09/c...
CFPB staff were already bracing for the worst after the news of the last 3 days.
Now they're being told their HQ is shuttered... which feels, to many at regulator, like the prelude to mass layoffs.
www.cnbc.com/2025/02/09/c...
Now they're being told their HQ is shuttered... which feels, to many at regulator, like the prelude to mass layoffs.
www.cnbc.com/2025/02/09/c...
Consumer Financial Protection Bureau staff told to work remotely as headquarters is shuttered
CFPB employees were told Sunday to work remotely because their Washington, D.C., headquarters would be closed through Feb. 14, according to a memo obtained by CNBC.
www.cnbc.com
February 9, 2025 at 7:19 PM
CFPB staff were already bracing for the worst after the news of the last 3 days.
Now they're being told their HQ is shuttered... which feels, to many at regulator, like the prelude to mass layoffs.
www.cnbc.com/2025/02/09/c...
Now they're being told their HQ is shuttered... which feels, to many at regulator, like the prelude to mass layoffs.
www.cnbc.com/2025/02/09/c...
news on that other site ...
This comes as Trump admin beats up on financial incumbents for "de-banking" and Elon's banks finally unload the Twitter-X debt.
cnbc.com/2025/01/28/e...
This comes as Trump admin beats up on financial incumbents for "de-banking" and Elon's banks finally unload the Twitter-X debt.
cnbc.com/2025/01/28/e...
Elon Musk’s X begins its push into financial services with Visa deal
Visa will enable X users to move funds between traditional bank accounts and their digital wallet and make instant peer-to-peer payments, like Zelle or Venmo.
cnbc.com
January 28, 2025 at 4:06 PM
news on that other site ...
This comes as Trump admin beats up on financial incumbents for "de-banking" and Elon's banks finally unload the Twitter-X debt.
cnbc.com/2025/01/28/e...
This comes as Trump admin beats up on financial incumbents for "de-banking" and Elon's banks finally unload the Twitter-X debt.
cnbc.com/2025/01/28/e...
good morning! always great to greet the day with Frank Holland & the WEX crew to preview bank earnings...
January 13, 2025 at 11:51 AM
good morning! always great to greet the day with Frank Holland & the WEX crew to preview bank earnings...
I really enjoyed chatting w/@felixsalmon.com about the Synapse mess , take a listen & share please.
The fact that thousands of Americans have been wiped out from their FDIC-backed savings accounts is a scandal.
slate.com/podcasts/sla...
The fact that thousands of Americans have been wiped out from their FDIC-backed savings accounts is a scandal.
slate.com/podcasts/sla...
Money Talks: The Synapse Scandal
Hugh Son joins to explain the complicated mess left in the wake of a fintech failure, and how users were left holding the bag.
slate.com
December 10, 2024 at 3:18 PM
I really enjoyed chatting w/@felixsalmon.com about the Synapse mess , take a listen & share please.
The fact that thousands of Americans have been wiped out from their FDIC-backed savings accounts is a scandal.
slate.com/podcasts/sla...
The fact that thousands of Americans have been wiped out from their FDIC-backed savings accounts is a scandal.
slate.com/podcasts/sla...
Always nice to see your work confirmed; back in Sept, we reported that American Airlines was set to make Citi its sole card partner, dropping Barclays @lesliejosephs.bsky.social ✈️
www.cnbc.com/2024/12/05/a...
www.cnbc.com/2024/12/05/a...
American Airlines chooses Citi as sole credit card partner, drops Barclays
American Airlines had been in talks for months for a new credit card deal with Citi.
www.cnbc.com
December 5, 2024 at 3:01 PM
Always nice to see your work confirmed; back in Sept, we reported that American Airlines was set to make Citi its sole card partner, dropping Barclays @lesliejosephs.bsky.social ✈️
www.cnbc.com/2024/12/05/a...
www.cnbc.com/2024/12/05/a...
I'm gonna hit the sack early tonight to join Frank Holland early tomorrow to chat about this piece.
It's about how a reg meant to save Americans $10 billion a year in "junk fees" has ended up costing them money instead 👇
www.cnbc.com/2024/12/03/b...
It's about how a reg meant to save Americans $10 billion a year in "junk fees" has ended up costing them money instead 👇
www.cnbc.com/2024/12/03/b...
Banks hit credit card users with higher rates in response to regulation that may never arrive
CFPB regulation meant to save consumers $10 billion a year has resulted in higher costs for some, as banks react by hiking interest rates and charging new fees.
www.cnbc.com
December 3, 2024 at 9:50 PM
I'm gonna hit the sack early tonight to join Frank Holland early tomorrow to chat about this piece.
It's about how a reg meant to save Americans $10 billion a year in "junk fees" has ended up costing them money instead 👇
www.cnbc.com/2024/12/03/b...
It's about how a reg meant to save Americans $10 billion a year in "junk fees" has ended up costing them money instead 👇
www.cnbc.com/2024/12/03/b...
finally figured out how to get on this thing, yippee 👋
a cat is sitting on a chair and looking at the camera while holding something in its paws .
ALT: a cat is sitting on a chair and looking at the camera while holding something in its paws .
media.tenor.com
December 3, 2024 at 9:38 PM
finally figured out how to get on this thing, yippee 👋