Hugh Son

Articles by Hugh Son

Jamie Dimon says U.S. should impose Trump's credit card rate cap in Vermont and Massachusetts - CNBC

Business January 22, 2026

JPMorgan Chase CEO Jamie Dimon on Wednesday advocated for a test of President Donald Trump's proposed 10% cap on credit card interest rates in two U.S. states: Vermont and Massachusetts. Dimon, speaοΏ½...

Citigroup tops estimates as loan loss provisions come in lighter than expected - CNBC

Business January 15, 2026

Citigroup on Wednesday posted fourth-quarter results that topped expectations as the lender reaped more interest income and set aside less money for troubled loans than analysts had expected. Here'οΏ½...

JPMorgan Chase says banks could fight Trump credit card rate cap: 'Everything's on the table' - CNBC

Business January 14, 2026

JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump'sdemand for credit card price controls, saying "everything's on the table." "If you wind up with weakοΏ½...

Fifth Third signs deal making fintech firm Brex the provider of its commercial cards - CNBC

Business December 10, 2025

Regional bank Fifth Third on Tuesday announced a deal making fintech firm Brex the provider of its commercial cards and expense management tools for business clients. The program will run on Brex'sοΏ½...

Goldman Sachs acquires ETF firm for $2 billion in latest deal to bolster asset management division - CNBC

Business December 2, 2025

Goldmans Sachs on Monday said it agreed to buy Innovator Capital Management, a provider of defined-outcome ETFs, for about $2 billion in its latest deal to bolster the firm's asset management divisioοΏ½...

Personal finance app Monarch raises $75 million despite 'nuclear winter' for fintech startups - CNBC

Business May 24, 2025

The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned. The fundraising is amongοΏ½...