“What a bank needs to do from a regulatory point of view and customer’s point of view is that we need to protect our customers,” said Onyx CEO Umar Farooq.
How the CNBC Stock World Cup 2022 works
If you invest today, which of the two companies going head-to-head will give you a greater total return over the next 12 months? We ask experts.
Stocks making the biggest moves after hours: Block, PayPal, Carvana, Twilio and more
These are the stocks posting the largest moves in extended trading.
Billionaire cash floods midterm election cycle
CNBC’s Robert Frank joins ‘Power Lunch’ to discuss billionaire funding in the midterms, the top billionaire spending pursuits, and the funds backing candidates from each party.
American billionaires spent a record $880 million on the U.S. midterm elections
George Soros’ $128 million in contributions made him the top political donor, followed by shipping magnate Richard Uihlein and hedge-fund founder Ken Griffin.
Stocks making the biggest moves midday: Under Armour, Robinhood, Peloton, Lincoln National and more
These are the stocks posting the largest moves in midday trading.
Value investors make a big comeback with one of their best months since 1978
The value outperformance in October made the 96th percentile spread since 1978, according to Bank of America.
Labor costs show slower rise, while trade deficit widens and jobless claims nudge lower
The cost of labor rose less than expected, but low productivity helped keep pressure on inflation in the third quarter.
Goldman Sachs seeks to impose order on expanding crypto universe with classification system
Goldman Sachs is making a bid to standardize the way the financial industry talks about, tracks and invests in the burgeoning universe of digital assets.
Bank of England raises its benchmark rate by 75 basis points, its biggest hike in 33 years
The 75 basis point increase takes the Bank Rate to 3%, its eighth consecutive hike to the main lending rate.