David Hollerith
David Hollerith is a senior reporter covering the cryptocurrency and stock markets. He previously earned his master’s degree from Columbia School of Journalism. Before that, he freelanced with Decrypt and worked for Bitcoin Magazine as a reporter and audio producer.
- Yahoo Finance
PNC’s CEO is learning a lot of lessons from the 2023 banking crisis
The fallout from the 2023 regional banking crisis convinced the boss of the sixth-largest US lender that a lot has to change.
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JPMorgan fined $348 million for the way it monitors trading
The Fed and OCC said the nation's largest bank engaged in "unsafe and unsound" practices by failing to adequately track trading in at least 30 global venues.
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Disney's Bob Iger has a surprising new ally in his activist fight: Jamie Dimon
Disney has continued to push back against Peltz's accusations ahead of a critical shareholder meeting on April 3. And its CEO now has a surprising new public supporter.
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Jamie Dimon urges Fed not to cut rates in June: 'If I were them, I would wait'
JPMorgan Chase CEO Jamie Dimon said he doesn’t think the Fed should begin lowering interest rates by June, arguing "their credibility is a little bit at stake here."
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Bitcoin to $350,000? Bulls say the current rally is just the beginning.
Some are increasingly bullish on how high bitcoin's price can go. The reasons why are vastly different from traditional stock projections.
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Steve Mnuchin is betting regulators don’t want NYCB to become another SVB
One year after the fall of Silicon Valley Bank, Steve Mnuchin is betting that regulators don't want NYCB to become the next SVB.
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Big banks are getting what they want from Washington
Federal Reserve Chair Jay Powell and FDIC Chair Martin Gruenberg said Thursday they anticipate changes to a controversial capital rule following pushback from big banks.
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NYCB lost 7% of deposits in one month, highlighting challenges of new rescue
New York Community Bancorp lost 7% of its deposits in one month, highlighting the challenges facing a new investor group led by Steve Mnuchin as it outlined its turnaround strategy Thursday.
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Steven Mnuchin leads $1 billion attempt to rescue NYCB
New York Community Bancorp made a dramatic attempt to regain investor confidence by announcing a $1 billion infusion from a group that includes former Treasury Secretary Steven Mnuchin.
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Bitcoin hits new all-time high near $69,000 before tumbling
The world's largest cryptocurrency completed a remarkable comeback from a 2022 collapse, exceeding the high it set during its last boom in 2021.
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Wells Fargo slowly starts to shed the problems of its past
Wells Fargo CEO Charles Scharf said when he took over the top job in 2019 that his "first priority" was to clean up the bank's many messes. He is making progress — but still has more to do.
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1 reason for new bitcoin mania: 'Simply not enough' supply
A simple equation helps explain the heated rally in bitcoin: More coins are being bought each day than new ones are being created.
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New turmoil at NYCB as CEO exits and fourth quarter loss balloons to $2.7 billion
New York Community Bancorp disclosed the exit of CEO Thomas Cangemi, weaknesses in its internal controls, and a tenfold increase in its fourth quarter loss to $2.7 billion.
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Bitcoin surges to top $60,000, putting it within striking distance of all-time high
The world's largest cryptocurrency is now within striking distance of its all-time high as investors turn increasingly bullish on bitcoin.
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Top Wall Street bankers are being careful not to overhype M&A revival
Goldman Sachs and JPMorgan executives spoke cautiously Tuesday about a pickup in M&A during the early part of 2024.
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Big banks needed M&A to roar back in 2024. It’s happening.
Wall Street banks really needed dealmaking to make a comeback. It may finally be happening.
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Citigroup CEO Jane Fraser gets pay bump to $26 million after a 38% drop in profits
Citigroup CEO Jane Fraser got a 6% pay bump after a year when profits dropped and Fraser began a restructuring that will result in an estimated 20,000 job cuts.
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Whether Capital One can put Discover in its wallet hinges on how US regulators react
Capital One’s $35 billion purchase of Discover would create a formidable new rival to American Express, Visa, and Mastercard. The question now is whether regulators will let it stand.
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How Texas came to rival New York as a finance hub
Texas recently passed New York in finance employment among states, highlighting a shift by the banking industry that is decades in the making.
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David Solomon's pay rises to $31 million after most challenging year as Goldman CEO
Goldman CEO David Solomon received a 24% compensation boost for 2023, a new show of support for the embattled bank boss.