Tag: banks
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Bank of America expects third-quarter investment banking fees to fall more than 10%; shares slide
The muted outlook from the country’s second-largest bank by assets could be an early signal that Wall Street’s AI boom might have hit turbulence.
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Anthropic walks tightrope to Nasdaq, pushing for a slowdown while pursuing $2 trillion valuation
As Anthropic meets with prospective investors ahead of its potentially historic market debut, CEO Dario Amodei is pushing for a slowdown in AI.
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Why are European banks moving gold out of United States?
The Netherlands and France have moved their gold out of US vaults. Part of the reason is fears about the reliability of the US, but equally important is the need to keep gold closer to home in the event of a crisis.
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Lil Durk: Grammy-winning US rapper acquitted in murder-for-hire trial
The Chicago rapper was arrested in 2024 and accused of involvement in a shooting that killed the cousin of rival rapper Quando Rondo.
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Fintechs conquered payments in India. Now they’re eyeing credit
Fintech companies, the driving force behind the adoption of digital payments in India, are now focusing on offering credit to the underserved population.
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Jamie Dimon joins bankers lobbying the UK ahead of its critical budget — here’s why they’re worried
Bankers are pressuring the British government ahead of its Autumn Budget, in which the newly minted leadership will lay out its fiscal plans for Britain.
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Bessent says ‘a large bank’ will be sanctioned on Monday as part of Iran strategy
U.S. Treasury Secretary Scott Bessent said that a large bank would be sanctioned next week.
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OpenAI targets work of Wall Street junior bankers with new ChatGPT for Financial Services
OpenAI launched ChatGPT for Financial Services, targeting the labor-intensive research, modeling, and pitchbook tasks traditionally handled by junior bankers.
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Bank of America CEO says the consumer remains resilient despite rising gas prices
Bank of America CEO Brian Moynihan said the bank’s data shows consumer spending and credit remain healthy despite rising gasoline prices.
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Visa tells CNBC it is expanding data offering for blockchain lenders as demand for stablecoin-linked cards surges
Visa is doubling down on blockchain-powered financial services with a new program to help issuers of stablecoin-linked cards access loans.
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