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Top Articles
It’s official – gold is now the world’s second-largest reserve asset for central banks. That’s after the European Central Bank confirmed the yellow metal had overtaken the euro on the back of feverish buying sprees that have pushed its price to record highs over the last 12 months. In a…
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Updated at 4:10 pm ET to reflect the stock’s day-end closing price. Digital bank Chime went public on the Nasdaq stock exchange today, and its stock rose 37% to $37 per share, bringing its valuation to $16 billion when factoring in the total number of outstanding shares reported by FactSet. (In the first few minutes of trading, Chime’s price hit a peak of $44.94 and then hovered between $35 and $40 for most of the day.) The company raised $684 million in the initial public offering (IPO). The IPO pop follows two other successful public debuts over the past month,…
In 1816, a motley crew of great writers took a trip to Lac Léman—aka Lake Geneva. Lord Byron, young doctor John Polidori, Percy Bysshe Shelley and his future wife Mary, accompanied by a peacock, a monkey and a dog, all set up base in the lakeside Villa Diodati, just outside Geneva. While the trip was far from relaxing—arguments, alcohol, laudanum, ghost stories and a volcanic ash cloud—it birthed some great work. Shelley wrote Hymn to Intellectual Beauty and Mont Blanc: Lines Written in the Vale of Chamouni. Byron produced the third canto of Childe Harold. And Mary, after an evening…

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Banking
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