Loan loss provisions — the allowance banks set aside to cover bad debt — is a key data point to watch regarding consumer health.
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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.
Life is notoriously tough for those on the bottom rung of the Wall Street ladder, where weeks can stretch up to 100 hours.
Disclosures by two regional lenders last week set off a mini-panic about bad loans on the books of small and medium cap banks.
The bank reported Tuesday that it made $2.6 billion in investment banking fees in the third quarter, a 42% year-over-year surge.
In July, JPMorgan joined with Goldman Sachs to lend $1 billion to MP Materials, the largest rare earth producer in the US.
The long lull in regional banking consolidation ever since Silicon Valley Bank’s collapse appears to be ending.
In 2009, UBS reportedly threatened to leave the country if it deemed post-fiancial crisis regulations to be heavy-handed.