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Elite Financial Group

Under threat from Trump, Wall Street banks wager they can fend off credit card price controls

by Elite Financial Group | Jan 14, 2026 | Financial Services

Five days after Trump’s demand to cap credit card rates, bankers and lobbyists told CNBC they have yet to receive any formal or written guidance on the policy.Read More…

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

by Elite Financial Group | Jan 14, 2026 | Financial Services

Under CEO Jane Fraser, Citigroup is in the midst of a restructuring, selling off parts of its overseas operations.Read More…

Bank of America tops estimates on better-than-expected net interest income

by Elite Financial Group | Jan 14, 2026 | Financial Services

Bank of America, the second-largest U.S. bank by assets, has been a beneficiary of the industry’s recent tailwinds.Read More…

Warren Buffett was still searching for that elephant in his final months as Berkshire CEO

by Elite Financial Group | Jan 13, 2026 | Financial Services

Warren Buffett, who handed over the CEO reins to Greg Abel at the start of 2026, made it clear that size is not the constraint, opportunity is.Read More…

JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’

by Elite Financial Group | Jan 13, 2026 | Financial Services

Banks say a proposed 10% cap on credit card interest rates would result in fewer credit card accounts for Americans and a hit to the U.S. economy.Read More…

Alibaba-backed PixVerse launches real-time AI video tool, as Chinese rivals race past OpenAI on speed and cost

by Elite Financial Group | Jan 13, 2026 | Financial Services

Co-founder Jaden Xie told CNBC that the company is about to close another financing round, after raising $100 million in the last 6 months.Read More…
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  • Under threat from Trump, Wall Street banks wager they can fend off credit card price controls
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