Banking

Exclusive news, analysis, and commentary of Wall Street investment banks, as well as other large commercial and regional banks.

Patent Drop

JPMorgan Adds to Space Ambitions with Off-Planet Payments

Photo via U.S. Patent and Trademark Office

The bank’s out-of-this-world patent for “space-based payments” relies on blockchain networks, satellites and stablecoins.

2 min read
Banking

Banks Have a Lot of Cash But Aren’t Ready to Use It

Photo by Frugal Flyer via Unsplash

The lenders that survived last spring’s crisis throughout the industry are flush, but are still shy about spending.

2 min read
Banking

Big Banks Rethink Business Divisions New and Old

Photo by Minh Nguyen via CC BY-SA 4.0

1 min read

Banking

Wall Street Takes Back Equity Underwriting Top Spots

Photo by Sam Valadi via CC BY 2.0

American firms like Goldman Sachs and JPMorgan have clawed their way back to the top of the global equity underwriting rankings.

1 min read
Artificial Intelligence

The SEC Probes AI Use at Investment Advisory Firms

Photo by APK via CC BY-SA 3.0

As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.

2 min read
Regulation

Washington Wants More Rules, Bankers Have Concerns

Photo by Ian Hutchinson via Unsplash

Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.

2 min read
Banking

Barclays Wants to Ditch Thousands of its Clients

Photo by Tdorante10 via CC BY-SA 4.0

Barclays is considering a Marie Kondo approach to its investment banking business, potentially dropping thousands of clients.

2 min read
Banking

Wells Fargo Branches Join America’s Union Push

Photo by Ernie Journeys via Unsplash

Workers at two Wells Fargo locations launched efforts to unionize this week, marking a rare unionization effort in the banking world.

2 min read
Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

(Photo by Griffin Wooldridge on Unsplash)

Watchdogs have been badgering Wells Fargo about its lackadaisical approach to monitoring and preventing financial crimes.

2 min read
Banking

Banking’s Fantastic Four Grab a Bigger Share of Industry Profits

(Photo by Kenny Eliason on Unsplash)

Of the roughly 4,400 operating banks in the US, nearly half of all banking profits in the third quarter came from just four.

2 min read
Power Corridor

Fed’s Tea Leaves Get Murkier

Photo by Federal Reserve Board of Governors under Public Domain Mark 1.0

The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in…

2 min read
Banking

Low Deal Flow Means Lower Bonuses for Wall Street

(Photo by Edgar on Unsplash)

After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.

1 min read
Banking

Goldman Sachs Gets Into the Geopolitical Advice Game

(Photo by Ken Lund under CC BY-SA 2.0)

Goldman Sachs is launching a sort of geopolitics-slash-technology research arm to advise clients who get anxious when they turn the news on.

1 min read
Banking

UK Abolishes Cap on Bankers’ Bonuses

(Photo by Christopher Bill on Unsplash)

The UK’s Financial Conduct Authority said Tuesday that it’s ending a cap on bonuses for bankers that’s been in place since 2014.

1 min read
Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

(Photo by Connor Lin/The Daily Upside)

Goldman Sachs saw its profits slump 33% in its latest quarter, as the bank continues retreating from the consumer banking sector.

2 min read
Power Corridor

Life After Epstein at America’s Top Bank

“Photo by Steve Jurvetson under CC BY 2.0”

JP Morgan, the largest bank in America, with more than $3 trillion in assets, settles all Epstein lawsuits.

5 min read
OP-ED | Power Corridor

Wall Street’s Top Banks Fined $53 Million in Regulatory Spanking

Photo by Martin Ceralde on Unsplash

Wall Street’s Top Banks Fined – CFTC ordered Goldman to pay $30 million, JP Morgan $15 million, and Bank of America $8 million.

2 min read
Banking

Solaris Can’t Raise Funds Fast Enough

(Photo Credit: Alexander Grey/Unsplash)

Solaris was once a rising star in the fintech world. Now its sweating to raise 100 million euros to fund a major client project.

2 min read
Patent Drop

JPMorgan Chase Brings Quantum to Wall Street

Photo by Tima Miroshnichenko on Pexels.

JPMorgan Chase may be looking past the current AI craze for optimization, setting it’s sights on quantum computing.

2 min read
Banking

Citibank Wants to Sell its Small Bank Loaning Platform

(Photo by Kenny Eliason on Unsplash)

1 min read