Banking

Banking

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

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

2 min read

Photo by Minh Nguyen via CC BY-SA 4.0

Banking

Big Banks Rethink Business Divisions New and Old

1 min read
Photo by Sam Valadi via CC BY 2.0

Banking

Wall Street Takes Back Equity Underwriting Top Spots

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

1 min read
Photo by APK via CC BY-SA 3.0

Artificial Intelligence

The SEC Probes AI Use at Investment Advisory Firms

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

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

2 min read

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Banking

Barclays Wants to Ditch Thousands of its Clients

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

2 min read
Photo by Ernie Journeys via Unsplash

Banking

Wells Fargo Branches Join America’s Union Push

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

2 min read
(Photo by Griffin Wooldridge on Unsplash)

Banking

Wells Fargo Gets Called Out for Lax Crime Prevention

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

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

Power Corridor

Fed’s Tea Leaves Get Murkier

The U.S. Federal Reserve is all but certain to hold interest rates steady Wednesday, but the economy is still scorching – beating expectations in September – while American consumers continue to buy up a storm, charging their credit cards as…

2 min read
(Photo by Edgar on Unsplash)

Banking

Low Deal Flow Means Lower Bonuses for Wall Street

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

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

Banking

Goldman Sachs Gets Into the Geopolitical Advice Game

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

(Photo by Connor Lin/The Daily Upside)

Banking

Goldman Sachs Sees Profits Plummets Amid Consumer Pivot

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

2 min read
“Photo by Steve Jurvetson under CC BY 2.0”

Power Corridor

Life After Epstein at America’s Top Bank

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

5 min read
Photo by Martin Ceralde on Unsplash

OP-ED | Power Corridor

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

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

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