Feb 14, 2024 | Banking News
Lyft shares hit 52-week high after accidentally including an extra zero to one of its profit margins in an earnings statement Introduction Lyft, the popular ride-hailing company, experienced a significant surge in their stock prices as a result of a typo that inflated...
Feb 14, 2024 | Banking News
IRS Lawsuit Against FDIC: Silicon Valley Bank Owes $1.45B in Taxes Background The Internal Revenue Service (IRS) has filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) claiming that Silicon Valley Bank (SVB) owes $1.45 billion in taxes. The...
Feb 6, 2024 | Banking News
The Pitfalls of P&L Obsession in Trading 📉🧘♂️ Trading in the financial markets is an exhilarating and challenging endeavor. It requires a combination of skills, knowledge, discipline, and emotional control. One of the aspects that often takes center stage in a...
Feb 5, 2024 | Banking News
Breaking Down FDIC’s New Advertising And Signage Rule What is the FDIC’s New Rule on Advertising and Signage? The Federal Deposit Insurance Corp. (FDIC) recently issued a new rule on official FDIC signs and advertising requirements. This rule comes after...
Feb 5, 2024 | Banking News
FDIC 2024 Preview: Searchable vs. Survivable: Educated Decision Making In the fast-paced and ever-evolving world of banking, efficiency is key. Financial institutions are constantly looking for ways to maximize their operations while minimizing costs. The upcoming...
Feb 5, 2024 | Banking News
The Federal Deposit Insurance Corporation (FDIC) has taken steps to provide regulatory relief to financial institutions and support recovery efforts in West Virginia and Maine following severe storms and flooding. The FDIC encourages banks in these affected areas to...
