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Presented by Oxford |
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I almost dismissed this the first time I saw it. |
Because an investment account that dates back to 1888 does not exactly sound exciting at first glance. |
But then I looked at who has been quietly using it. |
BlackRock. |
JP Morgan. |
Bank of America. |
And according to the research, this overlooked account has delivered average annual returns of 29% over the last 25 years. |
That got my attention fast. |
Because if something like this has been sitting in plain sight for decades... why have so few ordinary investors heard about it? |
Why is it never mentioned in the same breath as stocks, crypto, or the usual retirement products people get pushed toward? |
Why do the biggest institutions seem to know exactly what it is... while everyone else gets left in the dark? |
That is the question I want you to consider. |
Not because I expect you to take my word for it. |
But because there is a free presentation that lays the whole story out for you. |
It explains what this so-called "29% Account" is, why major financial players have used it for years, and how regular investors may be able to access it with just a few hundred dollars. |
If you are curious, I think this is worth seeing for yourself. |
See the presentation here <<< |
Good investing, |
Marc Lichtenfeld
Chief Income Strategist, The Oxford Club |
This ad is sent on behalf of The Oxford Club. 105 W Monument St, Baltimore, Maryland 21201. If you would like to optout from receiving offers from The Oxford Club please click here. |
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Exclusive Headlines |
Big Banks Are Exploring a Deal to Bypass Debit Card Fee Caps |
JPMorgan Chase, Bank of America, Wells Fargo, and PNC have held preliminary discussions about acquiring a debit card network owned by Fiserv, according to people familiar with the matter. The strategic logic is straightforward: banks that own their own network are exempt from the Durbin amendment cap on debit-card interchange fees. Owning the network unlocks billions in fee revenue currently capped by federal law. |
The template is Capital One's $50.6 billion Discover acquisition, which included Discover's network. That deal converted Capital One from a card issuer into a network owner with direct merchant relationships and no interchange cap. |
Fiserv owns two debit networks, STAR and Accel. The company is in turmoil, with its stock down about 70% year over year, making a carveout deal potentially attractive on price. Some banks that examined the opportunity have already backed away, and there is no certainty a deal happens. The political calculation is the biggest hurdle. |
The Durbin amendment, part of Dodd-Frank, caps debit interchange fees at banks with over $10 billion in assets. The industry has fought the cap since 2010. Banks argue it eliminated free checking programs and debit rewards. Merchants and consumer advocates say lower fees have kept retail prices in check. Any deal that lets the largest banks reclaim uncapped fee revenue would attract immediate scrutiny from lawmakers, regulators, and the merchant lobby. |
The broader context matters. Banks are scrambling to find edges in payments as crypto and fintech reshape the transaction landscape under the Trump administration. JPMorgan and Citi are separately building tokenized deposit systems. Everyone is trying to protect fee streams while the ground shifts. The Fiserv network deal, if it happens, would be one of the more consequential defensive moves against an existing regulatory constraint the industry has been trying to work around for 15 years. |
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UK Regulator Flags AI Chatbots as Consumer Finance Risk |
The Financial Conduct Authority published a review Monday finding that more than a quarter of UK consumers trust ChatGPT, Claude, and Gemini for financial advice, with limited awareness that regulated financial services protections do not extend to those AI tools. The review, led by FCA executive director Sheldon Mills, urged the regulator to consider whether large language models should fall inside the regulatory perimeter. |
The specific concern is that AI chatbots can only legally offer generic guidance, not regulated financial advice. But personal recommendations and continuous, adaptive suggestions from AI systems increasingly resemble regulated advice in practice. Mills recommended the FCA decide within three to six months whether to "secure and adapt" its regulatory scope to cover these tools. |
The concentration risk is the other major flag. Eighty-one percent of financial firms globally are adopting AI at some level, with 40% at advanced stages. Shared reliance on the same models, cloud providers, and infrastructure creates correlated behavior, herding, and common points of failure across the financial system. |
Bank of England Deputy Governor Sarah Breeden signaled last week for the first time that the UK may need bespoke AI regulation to contain systemic risks from agentic systems. Her framing was direct: existing frameworks were not built for autonomous agents, and requiring human review of every AI action is unlikely to be realistic. |
The broader picture connects to the Sintra discussions where central bankers spent the week wrestling with AI's implications for financial stability. The FCA is the first major financial regulator to formally study the sector-wide impact of AI. It will not be the last. The industry is adopting AI faster than regulators can determine which existing rules apply and where new ones are needed. |
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