By Thomas Brannstrom
Covers banks, lenders, credit markets and the plumbing of the financial system.
Goldman Sachs Equities Trading Revenue Hits Record $7.42 Billion as Deal Fees Surge
Goldman Sachs posted a strong second-quarter profit, led by a record $7.42 billion in equities trading revenue. Volatile markets and a picku
BofA's Trading Desk Powers Strong Q2 as Volatility Drives Client Activity
Bank of America's second-quarter results got a lift from market volatility, with sales and trading revenue rising to $7.1 billion. Clients r
Wells Fargo Q2 Profit Rises 17% as Net Interest Income Hits $12.32 Billion
Wells Fargo reported a 17% rise in quarterly profit to $6.41 billion, fueled by a 5% increase in net interest income to $12.32 billion. The
China Sets 0.5% Floor on Bill Re-Discount Rates After Lenders Pushed Them to 0.01%
China's financial regulators have ordered some banks to stop pricing bill re-discount deals below 0.5%, after rates reportedly sank to 0.01%
Italy's Treasury Holds Steady on Monte dei Paschi Stake, Easing Overhang Fears
Italy's Treasury is not rushing to sell its 4.8% stake in Monte dei Paschi, according to a report from Corriere della Sera. The news eases c
CTBC Bank Opens NT$100 Million Wealth Hub in Kaohsiung to Boost Taiwan's Asset Management Ambitions
CTBC Bank has opened a new 'Asia Bay Branch' in Kaohsiung after investing NT$100 million. The branch is a dedicated hub for wealth managemen
Bank Earnings Week: NII Guidance Takes Center Stage as Rates Stay Higher
Big US banks kick off earnings this week, with investors zeroing in on net interest income (NII) guidance. Analysts say the sector remains r
Morgan Stanley Forecasts Nordea Q2 Profit Slightly Below Consensus
Morgan Stanley expects Nordea's second-quarter profit to come in slightly below analyst estimates. The bank forecasts softer net interest in
Bank of America Hires Nine Senior Bankers to Boost Local Middle-Market Deals
Bank of America is hiring nine senior investment bankers in nine US cities to deepen its middle-market coverage. The move builds on a 200-pl
Morgan Stanley Warns SEB's Cost Surge May Overshadow Modest NII Rebound in Q2
Morgan Stanley expects Sweden's SEB to report a slight 1% rise in net interest income in Q2, but costs are set to climb 9% as the bank ramps
Big Banks Set for Best Dealmaking Quarter Since 2021 as Fees Surge
Wall Street's biggest banks are on track for their strongest dealmaking quarter in three years, with investment-banking fees expected to hit
Big Banks Pilot AI Agents for Wealth Management, Compliance, and Trading
A KPMG survey reveals 51% of banks are piloting AI agents—software that can handle multi-step tasks like drafting client notes. Morgan Stanl