Sonali Pier, the ambitious daughter of Indian immigrants, embarked on her journey towards excellence in the financial industry after graduating from Princeton University in 2003. Starting her career as a credit trader at JPMorgan in New York, Pier ventured into a male-dominated field that presented its own set of challenges. However, she persevered and eventually
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Recent reports have shown that New York Community Bank (NYCB) has faced challenges in retaining deposits, losing 7% of funds over a turbulent month. This has raised concerns among customers who have chosen to withdraw their money from the regional commercial bank. However, a new capital infusion of over $1 billion has helped NYCB avoid
Married couples face a crucial decision every year when it comes to filing taxes – whether to file jointly or separately. While the tax code generally favors joint returns, some spouses may benefit from filing separately. The option of “married filing jointly” combines income, credits, and deductions on a single return, offering the convenience of
The shares of Teleperformance took a significant hit, dropping by 20% after the company failed to meet its full-year revenue target. This decline was attributed to concerns about the “volatile economic environment” and the potential impact of artificial intelligence on the company’s business model. With companies increasingly turning to AI to enhance their operations, investors
The recent $1 billion-plus injection by New York Community Bank, led by ex-Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, highlights the growing trend of private equity players stepping in to support struggling American lenders. This move provided a much-needed boost to NYCB’s finances, with its shares rebounding after a significant decline earlier in the day.
In recent years, consumers have increasingly turned to credit cards as a means to cover their expenses, but this trend seems to be catching up with them. According to a recent report from FICO, developer of one of the most widely used credit scores by lenders, the national average credit score in the United States
New York Community Bancorp, a struggling regional lender, recently announced a $1 billion capital raise and a leadership shake-up. Former Treasury Secretary Steven Mnuchin will be joining the bank’s board of directors along with three other new members. Additionally, Joseph Otting, former comptroller of the currency, will be taking over as CEO. This move led
Foot Locker, a well-known sneaker retailer, has been facing significant challenges in its financial performance recently. The company reported a loss in the holiday quarter, which led to a decline in its shares. Additionally, Foot Locker issued weak guidance for the current year, signaling that it is behind on meeting its financial goals. The company’s
Even though spring has not officially started yet, the housing market is already showing signs of movement with an 11% increase in mortgage applications to purchase a home compared to the previous week. However, demand is still 8% lower than it was a year ago. The average contract interest rate for 30-year fixed-rate mortgages has
Passport rankings are often simplified to focus on just one factor – visa-free travel. However, according to the tax and immigration consulting firm Nomad Capitalist, the strength of a passport is much more complex. They have created a weighted annual index that takes into account five criteria: Visa-free travel, Taxation, Global perception, Ability to hold
