Banking & Credit
Banks, lenders, credit markets and the plumbing of the financial system.
Wall Street Banks Post Blockbuster Q2 Results as Deal Activity Surges
Five major Wall Street banks kicked off second-quarter earnings season with blockbuster results. JPMorgan posted its most profitable quarter
UK Banks' Limited Access to Anthropic's Mythos AI Sparks Treasury Push for Domestic Capability
Harriet Rees, Starling Bank's CIO and a Treasury appointee, says limited UK bank access to Anthropic's Mythos AI model is a wake-up call. Th
EU to Propose Easing Bank Capital Rules, Reviving Deposit Insurance Scheme
The European Commission is set to propose changes to bank rules on Friday, including adjustments to Pillar 2 leverage requirements and a rev
Citi Posts Best Quarterly Revenue in a Decade as Volatile Markets Boost Trading and Deal Fees
Citigroup just posted its best quarterly revenue in a decade, as choppy markets boosted trading and dealmaking. Equities revenue surged 45%
India's IDBI Bank Sale Revived as Fairfax, Emirates NBD Submit New Bids
India's long-running effort to sell IDBI Bank is back on track after Fairfax Financial and Emirates NBD submitted revised bids for the gover
RBI Proposes Easier Path for Long-Term Investors to Boost Bank Stakes to 10%
The Reserve Bank of India has proposed draft rules allowing long-term investors like mutual funds, insurers, and pension funds to increase b
Goldman Sachs Equities Trading Revenue Hits Record $7.42 Billion as Deal Fees Surge
Goldman Sachs posted a standout quarter with equities trading revenue hitting a record $7.42 billion, up 72%. Investment banking fees rose 5
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
JPMorgan Q2 Profit Surges as Investment Banking Fees Jump 30% and Trading Revenue Soars
JPMorgan Chase posted a big second-quarter profit as dealmaking and trading picked up. Investment banking fees rose 30% year-on-year, while
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%