Banking

Exclusive news, analysis, and commentary of Wall Street investment banks, as well as other large commercial and regional banks.

Banking

Goldman Sachs Leans On ‘Core Strengths’ to Crush Q1 Earnings

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In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.

2 min read
Banking

Jamie Dimon Sticks to His Cautious Worldview

Photo by Steve Jurvetson via CC BY 2.0

JPMorgan’s CEO sees a lot of potential in the US economy — and plenty of obstacles to overcome.

2 min read
Banking

US Banks Push Back on High Severance Costs in Paris

Photo by Rodrigo Kugnharski on Unsplash

The Americans have warned that further inroads to France’s capital may not happen without some dismissal-pay flexibility.

2 min read
Consumer

Chase Bank Gets into the Ad Game

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Chase Bank announced a new advertising unit that will use customer transaction data to target them with ads.

2 min read
Patent Drop

JPMorgan Chase Continues AI Rampage with Volatility Prediction Patent

Photo via U.S. Patent and Trademark Office

JPMorgan Chase wants to predict overly-aggressive investors with AI.

3 min read
Banking

Blackrock, Vanguard and State Street Face Probe Over Bank Stakes

Photo by Nikhilesh De / CoinDesk via CC BY 2.0

The FDIC is investigating Blackrock, Vanguard, and State Street over their large investment stakes in major US banks.

1 min read
Banking

Visa, Mastercard Agree to Massive Settlement That Limits Swipe Fees

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The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.

2 min read
Banking

SPAC-ish Group Sets its Sights on More Failed Banks

Photo by John McGehjee via CC0 1.0

Porticoes Capital has an FDIC-approved gateway to acquire lenders that are shutting down.

2 min read