bank

Palmer Luckey, the founder of defense technology startup Anduril Industries, has reportedly backed a cryptocurrency-friendly banking startup that aims to revolutionize the financial sector. What Happened: Luckey is backing a budding financial firm that aims to provide “...

After reporting better-than-expected first quarter results, Goldman Sachs Group Inc. (NYSE:GS) highlighted in its earnings call that the bank navigated the market volatility with record equity revenue and warned about “material risks” to the U.S. and global economies amid the ongoing...

Italy’s largest bank, Intesa Sanpaolo, dipped its toes in the cryptocurrency market, conducting its first Bitcoin (CRYPTO: BTC) purchase worth $1 million, according to a report on Tuesday. What Happened: Intesa Sanpaolo purchased 11 Bitcoins in what CEO Carlo Messina described as...

Bank of America Corporation (NYSE:BAC) shares are trading lower premarket on Monday after the firm stated that it is streamlining foreign exchange (FX) risk management for cross-currency payments and receipts. The bank introduced Guaranteed FX Rates of up to one year. That’s the longest tenor...

The best traders play defense. They don't guess. The plan is to let the market tell them what to do. They know that if a stock or market reaches a price level that had been resistance before there is a good chance that it can become resistance again. They also know that stocks can reverse and head...

A basket of major U.S. bank stocks, as measured by the Financial Select Sector SPDR Fund (NYSE:XLF), is poised to extend its record highs following a wave of strong third-quarter earnings reports. The fund rose nearly 0.7% in premarket trading, continuing its upward momentum from last week's rally...

Toronto-Dominion Bank (NYSE:TD) agreed to pay approximately $3.09 billion in fines to U.S. authorities after pleading guilty on Thursday to money laundering-related charges in an ongoing case brought by federal prosecutors, who accused the Canadian bank of essentially making it easy for criminals...

Bank of Hawaii Corp (NYSE:BOH) shares are down on Monday, after the company reported its second-quarter earnings. The stock outperformed the industry in recent weeks, while its profitability lags that of peers, according to Piper Sandler. Analyst Andrew Liesch downgraded the rating for Bank of...

Bank of New York Mellon (NYSE:BK) is rebranding to BNY, CEO Robin Vince announced in a memo to employees on Tuesday. What Happened: Founded 240 years ago by Alexander Hamilton, BNY has grown to oversee $48.8 trillion in assets. The bank is known for serving other financial institutions as a...

Nu Holdings Ltd. (NYSE:NU) reported its first-quarter financial results after the bell Tuesday. Here's a look at the highlights.  The Details: Nu Holdings reported quarterly revenue of $2.7 billion which beat the analyst consensus estimate of $2.49 billion by 8.28% and represents a 66.77%...

Shares of major U.S. financial stocks, as represented by the Financial Select Sector SPDR Fund (NYSE:XLF), surged to record highs, in the wake of the March Federal Open Market Committee (FOMC) meeting. This rally was fueled by anticipations of stronger economic growth and a reduction in borrowing...

Nu Holdings Ltd (NYSE:NU) reported fourth-quarter financial results Thursday after the market close. Here’s a look at the key metrics from the quarter. What To Know: Nu Holdings reported fourth-quarter revenue of $2.4 billion, up 57% compared to the prior year’s quarter. The company...

St. Galler Kantonalbank (SGKB), Switzerland’s fifth-largest cantonal bank, in partnership with SEBA Bank, launched digital asset custody and brokerage services for Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) for its clients. The contract was signed in early 2023 post a short...

Piper Sandler analyst R. Scott Siefers downgraded Midwest banks Regions Financial Corp (NYSE: RF) and Citizens Financial Group Inc (NYSE: CFG) to Neutral from Overweight. The analyst cut the price target at Regions Financial to $15 from $17. The analyst...

After Wednesday's news that HSBC reportedly partnered with crypto technology firm Fireblocks to expand into the digital space, another foreign banking giant is also showing interest in the crypto space. Deutsche Bank (NYSE: DB) is seeking to offer global crypto custody services...