Robinhood Seeks to Take On the Banks With a 3% Rate, but There"s a Catch

Elizabeth Warren Bill Would Force Banks To Reveal 'Account Flows' To Catch Wealthy Tax Cheats, Focus On 'Racial Inequities' New legislation proposed by Sen. Elizabeth Warren (D-MA) would su.....»»

Trading app Robinhood said on Thursday that the Massachusetts Securities Division was considering revoking its license to operate in the state over its alleged failure to adequately protect customers and their assets......»»

How can central banks continue to support the economic recovery while developing an exit strategy that doesn’t undermine market stability?.....»»

Also, Robinhood is sued for wrongful death while Wells Fargo makes a financial pledge to Black-owned banks......»»

Robinhood is prepping to restore trading in the shares of GameStop Corp (NYSE: GME) and other stocks at the center of the recent retail investor fueled frenzy by accessing a credit facility led by banks, the Financial Times read more.....»»

Earlier Thursday, the firm also borrowed "several hundred million dollars" from banks as it struggles with the trading frenzy. Robinhood CEO Vlad Tenev said Thursday that the company did not have liquidity issues. Rafael Henrique/SOPA Im.....»»

The online brokerage cites clearing-house requirements for the restrictions that provoked outrage......»»

The popular trading app has drawn on its credit lines with major banks, Bloomberg reported. Robinhood; Samantha Lee/Insider Robinhood is drawing on credit lines from its lenders, Bloomberg reported Thursday. The.....»»

Robinhood has been sued by a man over last year's hack into the stock trading platform.  read more.....»»

A senior Federal Reserve official on Tuesday defended before Congress the central bank's decision to allow lenders to continue issuing dividends, even as the regulator seeks permission from lawmakers to further relax capital rules......»»

As Mortality Rate Spikes, Bankers In UK Won't Return To 'The City' Any Time Soon From the very beginning, Wall Street banks were reluctant to let their most-cr.....»»

The firm behind Madame Tussauds and Legoland parks is looking to raise 500 million euros ($540 million) in a bond sale, offering a high interest rate to try to secure funds to tide it over while most of its venues are closed in the coronavirus pandemic......»»

The Philippines still has ample monetary space after recently cutting its key interest rate and approving a policy that effectively reduced the reserve requirement ratio for banks, central bank Governor Benjamin Diokno said......»»

Hollis Johnson/Business Insider Ray Dalio of Bridgewater Associates said investors would be "pretty crazy to hold bonds" in this period in a Wednesday interview with Bloomberg.  "If you're holding a bond that gives you no interest rate, or a neg.....»»

Caterpillar Inc is in talks with banks for a fresh $3 billion nine-month revolving credit facility, a person familiar with the matter said on Thursday......»»

Caterpillar seeks $3 billion loan from banks to boost liquidity: Bloomberg.....»»

Reuters The US government began offering $350 billion in small business loans via private banks on Friday.  The interest rate was doubled on .....»»

Wall Street Wins Again: Banks Force Treasury To Double Rate On Small Business Rescue .....»»

Governor Andrew Cuomo announced a break for New Yorkers with mortgages, thr.....»»

The market was reacting Monday to the U.S. Federal Reserve's emergency interest rate cut over the weekend triggered by the spread of the coronavirus. read more.....»»