It took me a dreadfully long time to understand this important truth: Money is not for spending. It is for managing first, and then for spending. It takes courage to believe it, but when you do, it will profoundly change the way you think about and manage your money. Imagine this: It’s Friday, a day…
JPMorgan CEO Proposes Solution to the Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
JPMorgan CEO Proposes Solution to Ongoing Banking Crisis
Jamie Dimon, the CEO of JPMorgan Chase & Co., proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules,…
Regulators Will Need to Intervene in Banking Crisis, JPMorgan CEO Says
JPMorgan Chase CEO Jamie Dimon has proposed a plan to end the turmoil in the banking industry, one that would involve government intervention. Still, the banker expressed concerns that policymakers will take away the wrong lessons from the current upheaval. “I think it’s going to get worse for banks—more regulations, more rules, and more requirements,’’…
‘We Need to Get Ready’: Bank of Canada Launches Consultations on Central Bank Digital Currency
May 9, 2023
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Bank of CanadaCanadaCentral Bank Digital Currency (CBDC)cryptocurrecymoneyPierre PoilievreTiff MacklemWorld
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The Bank of Canada (BoC) has announced that it is exploring the possibility of issuing a Central Bank Digital Currency (CBDC), and is seeking consultation from the public on its design. “As Canada’s central bank, we want to make sure everyone can always take part in our country’s economy. That means being ready for whatever…
UBS Reaps $28 Billion in New Money Amid Credit Suisse Fallout
GENEVA—Swiss banking giant UBS said Tuesday that it took in $28 billion in new money from wealthy clients in the first three months of the year, with $7 billion of that coming in the 10 days after the announcement it was taking over ailing rival Credit Suisse. Zurich-based UBS, which is set to become Switzerland’s…
Eagles’ Hurts Says Big-Money Deal Won’t Change His Mentality
PHILADELPHIA—Philadelphia Eagles quarterback Jalen Hurts is wealthier after getting his new contract. However, his mentality has not changed. Wearing a green suit and matching tie, Hurts spoke on Monday for the first time since agreeing with the Eagles last week on a five-year, $255 million deal. The contract guarantees Hurts $179.3 million. “ Money is…
In Love, It’s Not Easy to Talk About Money
Money is the most difficult subject to discuss between two people in love. Why? Several reasons: It’s personal. We’re taught as children to never ask how much people earn, what things cost or how much money people have. It’s rude; it’s poor manners; and it is just not done. We spend the first two decades…
Ask the Builder: Uncovering—and Hiding—Treasure at Your Home
I took over weekly grocery shopping duties to give my lovely wife a break after more than 40 years. I continue to be astonished at the prices of ordinary food staples like bacon, eggs, bread, and milk. Do you suffer from the same sticker shock? Do you have dusty cartons of egg money hidden in…
Don’t Buy a Home When You’re Broke and in Debt
Dear Dave, I’m thinking more seriously about buying a home in the next year or so. It seems like the housing market has cooled off a bit, so I am also planning to get a secured credit card to help me rebuild my credit score in the meantime. I make $60,000 a year, and I…
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