Banking

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

Photo via Hugo Amaral/ZUMAPRESS/Newscom

Banking

Revolut Develops Private Bank as More Euro Firms Pursue Wealth Management

European banks are navigating a tricky landscape due in part to strict capital rules that they say make it tough to compete with Wall Street.

1 min read
Photo via Richard B. Levine/Newscom

Banking

Congressional Progress on Clarity Act Buoys Spirits in Crypto Circles

The Clarity Act, which may help crypto go mainstream, is moving closer to passage. Here’s a look at what could change.

2 min read
Photo via Graeme Sloan/Sipa USA/Newscom

Banking

Credit Card Startup Mission Lane Charges into Fintech’s Bank Charter Race

Mission Lane is following the path of several other fintechs looking to obtain a more traditional Wall Street spot.

1 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

Banking

Huntington Bank’s 21% Growth Shows Main Street’s up for Borrowing

Photo by jetcityimage via iStock

Huntington Bancshares reported that its average commercial loans grew 12% from the prior quarter and 21% from a year ago in Q4.

2 min read

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