getty The nation’s 4,839 regional and community banks, and 5,041 credit unions are much different financial animals than the biggest banks in the United States. The behemoth banks have substantial chunks of revenue coming from their trading desks, investment banking divisions, and global lending operations. By contrast, smaller banks and credit unions operate a more…
Topline The billionaire chief of popular crypto-brokerage Coinbase on Tuesday announced plans to lay off about 18% of the company’s workforce to lower costs ahead of a potential recession, joining other tech firms in downsizing staffing levels as stocks and cryptocurrencies plunge deeper into bear market territory. Brian Armstrong, founder of Coinbase, photographed for Forbes…
Topline In a regulatory filing released Friday afternoon, Tesla said it would ask shareholders to approve its second stock split in less than two years at its upcoming annual meeting, after teasing a split earlier this year. Elon Musk in Washington, DC. Getty Images Key Facts Tesla said in its annual proxy filing that it…
Cresset Capital manages finances and estate and tax planning for more than 1,100 high net worth … [+] families. Getty Cresset Asset Management, a multi-family office and private investment firm based in Chicago, has agreed to merge with Minnesota-based Meristem Family Wealth, leaders of both firms told Forbes. Meristem managed $5.4 billion in assets at…
Taipei’s Skyline. getty This story is part of Forbes’ coverage of Taiwan’s Richest 2022. See the full list here. Forbes Forbes With the Omicron outbreak in the region disrupting production and supply chains, the benchmark Taiex index fell 3% over the past 12 months. Still, strong tech exports and a revival in domestic demand boosted…
Topline Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve’s looming interest rate hikes. “Tesla shareholders can’t be happy” about the Twitter deal potentially diverting Elon Musk’s … [+]…
Topline Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve’s looming interest rate hikes. “Tesla shareholders can’t be happy” about the Twitter deal potentially diverting Elon Musk’s … [+]…
Forbes releases it’s third annual list of the world’s best banks in partnership with market research … [+] firm Statista. Getty Images After more than a decade of declining interest rates, the Federal Reserve announced a quarter-point rate hike last month, the first since 2018, and signaled more to come in 2022, as many as…
There are nearly 600 cryptocurrency exchanges worldwide inviting investors to trade bitcoin, ethereum and other digital assets. But costs, quality and safety vary widely. With an emphasis on regulatory compliance, here is Forbes Digital Assets ranking of the top 60. By Javier Paz, Director of Data & Analytics Editorial contributors: Nina Bambysheva, Michael del Castillo,…
Business strategist Roger L. Martin Roger L. Martin Roger L. Martin is one of the world’s foremost business strategists, serving as an advisor to the CEOs of some of the world’s largest companies including Procter & Gamble and Ford. In this interview we discuss the pitfalls with modern corporate governance and how things have become…