Morgan Stanley posted second-quarter results on Thursday that were below analysts’ expectations, hurt by weaker-than-expected investment banking revenue. Here’s what the company reported c...
Tag: Banks
Big banks are about to tell us if we’re heading into recession
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, July 14, 2022 Today’s newsletter i...
JPMorgan Earnings Are Coming. What to Expect.
Text size Analysts expect JPMorgan Chase’s earnings to drop nearly 25% year over year. David Paul Morris/Bloomberg Another bank earnings season is upon us. JPMorgan Chase will step up to the pla...
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks – Coinotizia
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers sa...
Russian Blockchain Alternative to SWIFT to Prevent Disconnection of Nations, Banks – Finance Bitcoin News
A Russian university is ready to test its blockchain-based analogue to the global payment messaging network SWIFT, from which Russian banks were cut off as part of Western sanctions. The developers sa...
Tech can’t remove all financial risks, crypto regulation needed: BOE
Regulators need to “get on with the job” of bringing the use of crypto technologies within the “regulatory perimeter,” says Jon Cunliffe, Bank of England’s deputy governo...
Banks Representing $2,000,000,000,000 in Assets Now Offering Bitcoin and Crypto Exposure to Clients: Bitwise
One of the world’s largest crypto index fund managers is offering some unique insight into the current state of crypto adoption. In a new interview with Real Vision, Bitwise Asset Management CEO Hunte...
Sri Lanka’s central banks says crypto remains illegal amid economic turmoil
Amid the ongoing financial turmoil in Sri Lanka that has seen the nation run out of cash, cryptocurrencies have been fronted as a possible solution to rescue the country. However, the Central Bank of ...
Goldman Sachs hires Alphabet tech incubator CEO Jared Cohen for new innovation group
Jared Cohen Anjali Sundaram | CNBC Goldman Sachs CEO David Solomon has hired another senior executive from the technology sector. The investment bank is adding Alphabet‘s Jared Cohen, a protege ...
GMEX Acquires ING Bank’s Crypto Custody Platform Pyctor for Undisclosed Amount
GMEX thinks that migrating from regulated asset classes into crypto would be an easier task with Pyctor. Netherlands-based ING Bank has announced today that it is spinning off Pyctor – its post-trade ...
Report urges central banks to work together on digital currency interoperability
International agencies are urging central banks to consider interoperability early in the design of central bank digital currencies (CBDCs). The Bank for International Settlements (BIS) Committee on P...
CeFi Should Be Regulated Like Traditional Banks, Says DeFi Boss
Recent difficulties at Celsius, BlockFi, Babel, Vauld and Novi demonstrate the fundamental flaws of centralized finance (CeFi), and clearly demonstrate why centralized operators require far stronger r...
Big Banks Report Earnings This Week. Here’s What Wall Street is Watching.
Text size CEO Brian Moynihan says Bank of America is always prepared for a recession because it has no choice but to be ready, Davis Turner/Getty Images The big banks start to report their earnings th...
Ping An’s push to extract value from bank’s split fails to excite shareholders as unorthodox campaign enters its third month
Ping An Insurance Group‘s unorthodox activist campaign to force HSBC to spin off its Asian business appears to have gained little traction with investors as it remained at an impasse three month...
Senators grill banks behind Zelle for not intervening in payments to scams
Eight Democratic Senators have written to seven of the leading banks in the US, criticizing what they call a lack of safeguards against fraud on the digital payment platform Zelle. On July 7, Bob Men...
Sasha Banks And Naomi Reportedly Removed From WWE Roster, Banks Believed To Be Released
Sasha Banks will be a big star in or outside of WWE. (AP Photo/Mary Schwalm) Copyright 2022 The Associated Press. All rights reserved. WWE has yet to make an official announcement, but Sasha Banks and...
ECB stress test shows most banks don’t include climate risk in credit models
Environmental protesters take to the streets during a demonstration by Fridays for Future in the financial district of Frankfurt, Germany, in August last year. Bloomberg | Bloomberg | Getty Images The...
Buffett Bought More of Occidental. Here’s What Happened With HP, Citi, Coke.
Text size Warren Buffett has losses as well as wins on his record of stock picking. AFP via Getty Images Billionaire investor Warren Buffett disclosed that he has increased his stake in Occidental Pet...
Nayib Bukele reminds Peter Schiff why banks can’t trump BTC
Since the closure of his bank in Puerto Rico, Peter Schiff has been at the receiving end of Bitcoin (BTC) proponents, reminding him this wouldn’t have happened if he was using BTC. The latest to taunt...
Investor delivers new tech ‘bubble’ warning
The recent tech rally may be doomed. Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it’s a concept investors fail to grasp, particularly when...
ECB to discuss blocking banks from multibillion-euro windfall as rates rise
The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interes...
Peter Schiff Laments His Bank’s Closure as Many Points Out a Plot Twist
Legendary Bitcoin critic Peter Schiff has announced the closure of his bank, the Euro Pacific International Bank by regulators in Puerto Rico. Taking to Twitter to share the unfortunate turn of events...
Is the Stock Market or Post Office Open Today? The Fourth of July Trading Hours.
Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...
Is the Stock Market Open Today? Here Are the Fourth of July Trading Hours.
Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...
Banks Get Burned by Risky Debt, Imperiling Buyout Activity
By Laura Cooper July 3, 2022 9:03 am ET Listen to article (2 minutes) Investment banks are facing big losses on leveraged buyouts they agreed to finance before markets soured, further chilling the out...
Bitcoin Legalization Pushed By Mexican Senator, Despite Central Bank’s Opposition
Bitcoin has a strong ally in Mexico. The crypto must be accepted as a legal tender, a Mexican senator said. Senator for the state of Nuevo León, Indira Kempis, is certain that Bitcoin must be recogniz...
Japanese Trust Banks Could Manage Crypto From Autumn
Japan will soon be allowing trust banks to manage crypto assets following the announcement from a leading financial regulator to release legislation that could become law late this year. Financial Ser...
General Mills and Micron Raised Their Dividends. Banks Will Soon, Too.
Text size Justin Sullivan/Getty Images General Mills and Micron Technology declared dividend increases this week, and various large banks announced plans for their disbursements. General Mills (ticker...
Trust Banks Could Get Go-Ahead for Crypto Custody
Japan is set to allow trust banks to manage crypto assets later this year, financial regulators have announced. The Financial Services Agency (FSA) will reportedly propose the changes after a month-l...
Stock Outlook Brightens as Jobs Stay Strong, Commodities Prices Decline
Text size The jobless rate held steady at 3.6% in June. Above, looking for work at a job fair in Florida. Joe Raedle/Getty Images The economy looks resilient, and inflation is coming down. That combin...