bank

Dutch payment technology giant Adyen (OTCMKTS: ADYEY) nabbed a banking license in the U.K., enabling its merchants to offer cash advances to small and medium-sized enterprises there.   Adyen is used by several high-profile companies including Microsoft, Instacart and Subway as an all...

Barclays PLC (NYSE: BCS) is reportedly mulling the sale of a stake in the U.K. merchants' payment processing unit as the bank is seeking a partner to boost the business. The business could be worth at least £2 billion ($2.5 billion), based on an EBITDA of about £300...

Wells Fargo & Co (NYSE:WFC) on Friday issued upbeat second-quarter earnings, topping Street estimates on both top and bottom lines. Here's what investors need to know. By The Numbers: The San Francisco-based bank issued earnings of $1.25 per share, ahead of the $1.15 estimate, on revenues of $...

Standard Chartered, a multinational banking and financial services company, is expecting a meteoric rise in the value of the leading cryptocurrency Bitcoin (CRYPTO: BTC) The firm predicts Bitcoin may ascend to $50,000 within this year and achieve an impressive $120,000 by the close of 2024....

NatWest Group PC (NYSE: NWG), a U.K.-based bank, is asking its customers to explain why they're withdrawing their cash.  According to its website, the bank explained that it is taking measures to protect its clients from scams. NatWest said that, if it...

Looking For The Next First Republic About a day before First Republic Bank (NYSE: FRCB) went bust, bought $3 strike puts on it. I wrote this on my trading Substack afterwards, at the beginning of this month: I can’t promise this next bet against a bank will cash as quickly, but on a...

The unfolding of the banking crisis since March has exposed the weakness of the global financial sector, driving a massive influx of investment toward decentralized finance (DeFi) assets and cryptocurrencies.  See Next: Gamers Making Thousands Selling Gaming Skins And Assets: Gameflip’s...

A sizable proportion of U.S. banks revealed they had tightened lending standards for commercial and industrial loans to businesses of all sizes in the previous quarter, according to a Fed survey of bank lending practices released on Monday.  Bank Lending Adjusting to A New Post-Pandemic...

The aftermath of SVB Financial Group's Silicon Valley Bank collapse rocked the financial world, and investors have been keeping a close eye on regional banks' volatile stocks affected by the significant bank failure. Overall sentiment on the Street is that most regional banks are...

First Republic Bank (NYSE: FRC) is set to print its first-quarter financial results after the markets close on Monday. Analysts expect the company to report EPS of 85 cents on revenues of $1.15 billion for the quarter ending March. 31. The regional bank, which was rescued from collapse last month...

Bank of America Corp (NYSE: BAC) reported upbeat results for the first quarter, a solid start to the earnings season by banking majors. RBC Capital Markets On Bank of America Analyst Gerard Cassidy maintained an Outperform rating while raising the price target from $34 to $35. Bank of America...

Goldman Sachs Group Inc (NYSE: GS) reported mixed results for the first quarter, amid a solid start to the earnings season by banking majors. RBC Capital Markets On Goldman Sachs Analyst Gerard Cassidy maintained a Sector Perform rating while raising the price target from $339 to $375. “...

Switzerland's Financial Market Supervisory Authority (FINMA) and Swiss National Bank (SNB) released a joint statement in response to the recent market turmoil caused by certain banks in the U.S. What Happened: The statement confirmed the problems faced by U.S. banks do not pose a direct...

U.S. Rep. Adam Schiff (D-Calif.) tweeted Monday that he is drafting a bill to go after executives at failed banks. Schiff's bill is in response to the collapse of Silicon Valley Bank and he said it will recoup bonuses, stock options and other compensations.  What Happened:...

Cryptocurrency-focused Silvergate Capital Corp (NYSE: SI) has discontinued the Silvergate Exchange Network, its crypto payments network. The company has said it has made a "risk-based decision" to discontinue the service, reports Reuters.  "Effective immediately,...