Banking

Banking

Wall Street Banks Weigh Buying Card Payment Network to Escape Fee Caps

Photo by Robb Miller via Unsplash

The Electronic Payments Coalition has said issuers have lost tens of billions in revenue because of the interchange fee cap.

2 min read

Photo via imageBROKER/Alex Grichenko/Newscom

Banking

Morgan Stanley Weighs $1.3 Billion Dallas Bet

The Dallas City Council approved an economic incentive package that would grant the bank up to $18.5 million in economic development grants.

1 min read
Photo via Yen Meng Jiin/The Business Times/Newscom

Banking

Who’s Ahead in JPMorgan’s Game of Thrones?

The race to succeeed Jamie Dimon at JPMorgan Chase has apparently narrowed to just two candidates, Doug Petno and Troy Rohrbaugh.

2 min read
Photo via Richard B. Levine/Newscom

Banking

Can Goldman Stock Traders Deliver a Third Record Quarter?

Bloomberg News reported that Goldman’s equities trading desk at is on pace to generate over $5 billion in revenue in the second quarter.

2 min read

Banking

Anthropic Raises Stakes in Wall Street’s IPO Gold Rush

Photo by Robb Miller via Unsplash

In March, The Information reported that bankers involved in taking the company public expect it to raise a monstrous $60 billion in its IPO.

2 min read

Banking

Rising Market Risk Drives Wealth Management Windfalls for Morgan Stanley, BofA

Photo via Vernon Yuen/ZUMA Press/Newscom

Revenue at Morgan Stanley’s wealth business grew 16% year-over-year to $8.5 billion, and net income rose 34% to $2.1 billion.

1 min read

Banking

Were the Cockroaches Alone? Dimon IDs Malodorous Mammal at Economy’s Gates

Photo via Annabelle Gordon/CNP / Polaris/Newscom

Ongoing armed conflict in Ukraine and Iran, Dimon wrote, have him concerned about an economic “skunk at the party.”

2 min read

Photo via Tom Williams/CQ Roll Call/Newscom

Banking

JPMorgan Puts Together a Bailout for the American Dream

The bank says it will increase access to capital, advice and training for 10 million small businesses, up from the 7 million it serves today.

2 min read
Photo via Jimin Kim/ZUMAPRESS/Newscom

Banking

JPMorgan Leverages Unique Ability to React Proactively to Private Credit Woes

Most of JPMorgan’s big banking peers don’t have NAV loan agreements that let them proactively revalue assets.

2 min read
Photo illustration by Connor Lin / The Daily Upside, Photo by Konbturut Woradee via iStock

Banking

Luxury Card Cage Match Heats Up With Rising Perks, Prices

Credit card issuers are enticing big spenders with luxurious perks and prestige brands, funded in part by fees that are higher than ever.

5 min read

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