Banking

Banking

Goldman Sachs Leaves Rivals Vying for Silver, Bronze Medals in Dealmaking Matchup

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The bank reported Tuesday that it made $2.6 billion in investment banking fees in the third quarter, a 42% year-over-year surge.

2 min read

Photo via Tschaen Eric/ZUMAPRESS/Newscom

Banking

JPMorgan Pledges $10 Billion Investment in US National Security

In July, JPMorgan joined with Goldman Sachs to lend $1 billion to MP Materials, the largest rare earth producer in the US.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

Banking

Fifth Third Targets Top 10 Bank Ranking with Comerica Takeover

The long lull in regional banking consolidation ever since Silicon Valley Bank’s collapse appears to be ending.

2 min read
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Banking

Self-Help or Self-Sabotage? Activist’s Proposal for UBS to Leave Switzerland Risks Spiking Costs

In 2009, UBS reportedly threatened to leave the country if it deemed post-fiancial crisis regulations to be heavy-handed.

2 min read

Banking

Evercore’s Purchase of Robey Warshaw May Birth Trans-Atlantic M&A Titan

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The deal will help bolster Evercore’s presence in Europe, where it placed 13th by deal volume in PwC’s advisory rankings last year.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Hammad Khan via iStock and Chris Kleponis/ZUMAPRESS/Newscom

Blockchain

Stablecoins Are Here to Stay. Who Stands to Gain From Them?

Companies that have been waiting on the crypto sidelines are likely about to jump in the game following the passage of the GENIUS Act.

4 min read
Photo via Thomas Fuller/ZUMAPRESS/Newscom

Blockchain

Goldman Sachs, BNY Bring $7 Trillion Money Market to Blockchain

The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.

2 min read
Photo via imageBROKER/rafapress/Newscom

Banking

Goldman’s ‘Midas Touch’ During Turbulent Quarter Delivers Record Trading Results

Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.

2 min read

Finance

Markets Give a ‘Meh’ To Upbeat Wall Street Earnings

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The consensus takeaway from the earnings season so far is that the economy is, in spite of everything, doing pretty good.

3 min read

Personal Finance

AmEx Platinum, Chase Sapphire Reserve Battle for Points in Upgrade Grudge Match

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The two cards both have steep annual fees that put them in direct competition for a spot in consumers’ wallets.

1 min read

Ursula von der Leyen, President of the European Commission. Photo via Abaca Press/Monasse Thierry/ANDBZ/Abaca/Sipa USA/Newscom

Banking

Europe Delays Stricter Banking Rules to Keep ‘Level Playing Field’ With US Rivals

The new rules are part of the Basel III reforms that were introduced in 2017 and designed in response to the 2008 financial crisis.

2 min read
Photo via Tom Williams/CQ Roll Call/Newscom

Banking

Wall Street’s Elite Get Serious About Debt Alarmism

JPMorgan CEO Jamie Dimon and BlackRock CEO Larry Fink sounded off last week about higher deficit spending in the US.

2 min read
Photo by João Vincient Lewis via Unsplash

Banking

Unshackled Wells Fargo Fights to Regain Momentum Lost in Penalty Box

Wells Fargo shares rose over 2% early Wednesday, hitting a three-month high, after the Federal Reserve lifted its asset cap on the bank.

2 min read

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