Credit card issuers are enticing big spenders with luxurious perks and prestige brands, funded in part by fees that are higher than ever.
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Huntington Bancshares reported that its average commercial loans grew 12% from the prior quarter and 21% from a year ago in Q4.
The six largest US banks paid more than $140 billion in dividends and buybacks last year, setting a record, according to Bloomberg.
In its earnings call, Goldman said that its deal backlog now sits at a four-year high entering the New Year.
Loans in Wells Fargo’s corporate and investment banking business climbed 14% in the three months through December.
BNY says it works with 92% of the Fortune 100 companies and 94% of the top 100 investment managers worldwide.
Loan loss provisions — the allowance banks set aside to cover bad debt — is a key data point to watch regarding consumer health.
Bitcoin ETFs just notched $697 million worth of inflows on Monday, their biggest gain since early October.
For the first time since 2018, the Wells Fargo stagecoach is rolling into a new year without the burden of a Federal Reserve asset cap.
JPMorgan and Goldman Sachs proved they’re still the go-to middlemen for Wall Street deals amid a near-record $4.8 trillion global M&A bonanza
Standout deals included Union Pacific’s $88 billion purchase of Norfolk Southern and the $56.6 billion deal to take Electronic Arts private.
Innovative as the tokenized funds may be for JPMorgan, the bank is actually chasing an existing trend on Wall Street.
These days, relations between the Swiss government and UBS are as cold as the La Brévine valley in December.
Goldman Sachs’ share price, up 35% so far year-to-date, set a record high closing price of $838.97 last week.
There are more than 1,500 active unicorns that have raised roughly $1 trillion in venture capital funding, according to PitchBook data.
Compared its peers, BofA has lagged in expanding into less traditional activities such as wealth management, credit cards and loan growth.