Banking

Banking

Inflation Data and Bank Earnings Kick Off a Crucial Test for Markets

Photo by Aditya Vyas via Unsplash

The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.

2 min read

Photo by Yusuf Miah via Pexels

Banking

HSBC Waves Caution Flag for Wall Street Giants

The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.

2 min read
Peter Thiel. Photo by Gage Skidmore via CC BY-SA 2.0.

Banking

Can Peter Thiel’s Fellowship of Billionaires Replace Silicon Valley Bank?

Thiel’s bank, named after the mountain where the dragon Smaug hoards his treasure, plans to serve tech startups and crypto companies.

2 min read
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Personal Finance

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

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

1 min read

Banking

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

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

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

Banking

Consumer Spending Buoyant in Run-up to Tariffs, Big Banks Say

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Banks pocketed huge sums in the first quarter from equities because the “increased market volatility” triggered a rush on transactions.

2 min read

Banking

Goldman Sachs Downgraded by Investment Bank Oppenheimer

Photo by Dan Totilca via iStock

Analysts said they now expect US investment banking revenue to be flat this year, instead of jumping 32% as predicted previously.

2 min read

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