Banking
Goldman Sachs Down 1.2% as Weak Earnings Report Shows Declining Profit
Goldman Sachs' shares opened 1.2% down after bank reported a 58% quarterly profit drop.
Total Stories
33
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Banks
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Banks
Best Stocks
JPMorgan Down 2.6% After Fitch Warns Downgrade Could Be Coming
JPMorgan shares fell after Fitch Ratings warned the Wall Street bank is facing downgrade risks.
Banking
JP Morgan’s Q2 Profit Surges to $14.47B on Back of FRC Deal and Rising Interest Rates
JPMorgan's profit and revenue rose substantially in Q2 2023, in part due to its May acquisition of the imploded First Republic Bank.
FinTech
One of Japan’s Biggest Banks Bets on Quantum Computing for Finance
Japanese megabank MUFG recently invested in a quantum computing startup.
Banking
Singapore Releases New AI Toolkit to Encourage Fair and Ethical Use in Finance
The Veritas Toolkit 2.0 was mainly developed by Accenture and Bank of China, while other banks participated in pilot testing.
Crypto
Banks in Hong Kong Asked to Onboard Crypto Clients: Report
Hong Kong banks are reportedly afraid to take on crypto clients after major collapses in 2022.
Crypto
Russian Rosbank Launches Cryptocurrency Cross-Border Settlement Solution
Rosbank launched the new service in partnership with a Russian fintech firm B-crypto.
DeFi
Unstoppable Finance to Launch First “DeFi-Native” Bank in Europe
Unstoppable says its new stablecoin will be fully backed by reserves, in compliance with the MiCA legislation.
Crypto
Raiffeisen Bank Unit Partners With Bitpanda to Offer Crypto Trading
Raiffeisen Bank becomes first traditional European bank to experiment with digital assets.
Crypto
Swiss State-Owned Bank to Launch Crypto Trading Services
Swiss government-owned bank PostFinance is partnering with digital asset firm Sygnum to offer crypto trading services.
Banking
Australian Banks Asked to Report on Crypto Firms, Startup Exposure
Australian regulators are demanding from local banks to improve their reporting on exposure to crypto firms and startups.
Best Stocks
Bank Stocks Tank on Market Open Despite White House’s Reassurance
Global bank stocks nosedived at Monday market open after the US authorities shut down SBV and Signature Bank to prevent a potential crisis.
Best Stocks
Silicon Valley Bank, Serving VCs like a16z, in Crisis as Shares Drop 60% Premarket
Shares of Silicon Valley Bank continue to fall at a rapid rate in premarket trading Friday.