Bank of America

Banking

HSBC Waves Caution Flag for Wall Street Giants

Photo by Yusuf Miah via Pexels

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

2 min read

Photo via John Angelillo/UPI/Newscom

Markets

Improving S&P 500 Outlook Signals Revival of TINA Trade

The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.

2 min read
Photo via Kris Tripplaar/Sipa USA/Newscom

Blockchain

Fiserv Connecting Thousands of Banks to Crypto with New Stablecoin Platform

Financial institutions are racing to get into stablecoins as the Genius Act makes its way toward POTUS Trump’s desk.

2 min read
Photo by CardMapr.nl via Unsplash

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

Photo by Rio Space via Unsplash

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 Realigns Banking and Markets Divisions to Form Mega-Deals Team

Photo by v0v via iStock

The Wall Street firm said parts of its investment banking and markets divisions will be combined to form a team focused on mega-deals.

2 min read

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