Tag: banking

Financial Services, Industries

Goldman chases stake in £700m financial advice platform Nucleus

March 11, 2022

Via: Sky News

Sky News understands that one of Goldman’s private equity funds is among four suitors for a stake in Nucleus that will value the business at about £700m. City sources said on Friday that the other bidders were Centerbridge Partners, GTCR […]


Treasury awards $8.7B for lending in minority communities

December 14, 2021

Via: ABC News

The U.S. Treasury Department announced Tuesday the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living in poorer communities with limited access to banking. The funds from the Emergency Capital Investment Program, which […]

Financial Services, Industries

Bank of America tops estimates on Wall Street trading and banking, release of loan-loss reserves

April 15, 2021


Bank of America reported Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan-loss reserves as fewer consumers were expected to default on debts. The bank posted a first-quarter […]

Financial Services, Industries

Bank of America, Banking Stocks Rise on Possibility of Democratic Senate Majority

January 6, 2021

Via: TheStreet

Banking stocks were rising Wednesday as Democratic challenger Raphael Warnock beat the Republican incumbent, Kelly Loeffler, in Georgia, opening up the possibility of a Democratic takeover of the U.S. Senate. Shares of JPMorgan Chase & Co. (JPM) – Get Report […]

Financial Services, Industries

Bank of America Tops Q4 Earnings Forecast With Solid Loan Growth

January 15, 2020

Via: TheStreet

Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Bank of America said earnings for the three months ending in December came in at 74 […]

Financial Services, Industries

Deutsche Bank shares slide 4 percent on report of capital raising for merger with Commerzbank

March 28, 2019


Shares of Deutsche Bank and Commerzbank slipped after a report in the Financial Times stated that the former is in talks to raise as much as 10 billion euros ($11.2 billion) in fresh equity to support their potential merger. The […]


Trump Called the Fed’s Rate Hikes ‘Crazy.’ The Banking World Respectfully Disagrees

October 11, 2018

Via: Fortune

After President Donald Trump attacked the Federal Reserve over its interest rate hikes on Wednesday, senior officials and banking chiefs have raced to defend the U.S. central bank and its chairman, Jerome Powell. In the context of a Wall Street […]

Financial Services, Industries

Banking: Wells Fargo, Chime, Empower banks fight for millennial accounts

September 20, 2018


Are you between 21 and 37? Please bank with us. That’s the message millennials are hearing as the battle between the big banks and fintech companies for their hearts and deposits heats up. The newest entrant in the fray – […]

Financial Services, Industries

Goldman Sachs Stock Is Soaring. Is Now the Time to Buy?

February 22, 2017

Via: Time

Perhaps no institution has benefited more from Donald Trump’s election than the investment bank he flayed during the campaign as the very symbol of economic globalism. Goldman Sachs shares have soared since Trump’s win on hopes of more stimulus spending, […]

Finance Tech, Mobile Banking & Payments

One Millennial Money Habit That All Retirees Should Adopt

February 1, 2017

Via: Time

We all have “senior moments” and briefly forget a name, something at the store, or even why we went downstairs in the first place. Such a slip-up might be embarrassing or disconcerting, but it usually doesn’t cost anything—unless the moment […]


One brutal table from McKinsey shows how miserable banking is right now

December 7, 2016

Via: Business Insider

McKinsey is out with its annual global banking survey, and it makes for pretty miserable reading. The report is primarily focused on the challenges poses by low economic growth, the low interest rate policies that tend to go with it, […]

Financial Services, Industries

American bankers look forward to a bonfire of financial rules

November 28, 2016

Via: The Economist

BEFORE the presidential election, Wall Street dreaded Donald Trump as a dangerous, unpredictable and disruptive, if improbable, president. Since his victory, fear has turned to hope. Stockmarkets are at record highs and shares in financial institutions have been among the […]

Financial Services, Industries

Why Donald Trump’s Victory Is a Boon for Some Banks, but Not All

November 14, 2016

Via: TheStreet

Donald Trump’s remarkable election as president and the Republican sweep of Congress offer a boon for mergers among mid-sized regional banks while dealing a potential blow to the biggest financial institutions through a House plan to change, if not repeal, the Dodd-Frank financial reform law. The results […]


Illinois yanks billions of banking biz from Wells Fargo

October 4, 2016

Via: CNN

The state of Illinois is suspending most of its banking relations with Wells Fargo. Illinois is the second state, following California, to punish Wells Fargo with a one-year business moratorium in the wake of the bank’s fake account scandal. Illinois […]

Financial Services, Industries

Why KeyCorp and BankUnited Are Better Investments Than Stocks of Big Banks

March 16, 2016

Via: TheStreet

The banking sector is wracked by upheaval, and mainstream banks no longer seem like safe havens. Aggressive lending practices coupled with the commodity crash led by oil prices have made the big banks risky propositions. This is where two relatively […]

Finance Tech, Financial Services, Industries, Liquidity

Finance, Meet Your New Match: FinTech Trends to Watch in 2016

February 18, 2016


The fintech industry saw an extraordinary explosion in 2015. According to the Pitchbook, about $7.6 billion was invested in fintech companies in 2015; a substantial increase as compared to $4.7 billion in 2014 and $1.5 billion in 2013. These numbers are […]

Financial Services, Industries

Why deflation trends are here to stay: Expert

December 4, 2015


A lack of inflation and lower interest rates could be here to stay, one expert said Thursday. Technological advances have driven pricing power and efficiency, contributing to lower prices in a range of items from oil to consumer goods, said […]