banking sector

The U.S. Federal Reserve is ramping up its oversight of banks' activities in the digital asset space, signaling a broader effort by American regulators to limit the banking industry's interactions with cryptocurrencies. The central bank revealed the launch of a program dedicated to...

In a significant overhaul of banking regulations since the 2008 financial crisis, U.S. regulators have proposed that large banks, including the likes of JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC) and others, bolster their capital levels by an average of 16% to safeguard against potential...

Wall Street’s financial giants, including JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corp. (NYSE:BAC), Citigroup Inc. (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), Wells Fargo & Co. (NYSE WFC), Morgan Stanley (NYSE:MS) and others are gearing up for impending regulatory shifts...

Inflation was out of control, interest rates soared, bonds screamed caution and a recession seemed imminent. Yet, here we are, 20 months later with the S&P 500's bear market nearing a full recovery, just 260 points short. Talk about market resilience! Market Prices as of 4 pm EST, 7/24/23...

Did you know that the global banking system is experiencing signs of significant consolidation? It is fair to say that it’s primarily because of the brunt of higher interest rates on bank balance sheets, causing a notable decrease in bond assets and a decrease in loan activities. Amongst the...

Bank of America (NYSE:BAC), Morgan Stanley (NYSE:MS) and Charles Schwab Corp. (NYSE:SCHW) are expected to announce second-quarter financial results Tuesday. This follows the recent earnings reports of JP Morgan Chase & Co. (NYSE:JPM), Wells Fargo Company (NYSE:WFC), BlackRock Inc. (NYSE:BLK),...

Major U.S. banks, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup Inc (NYSE:C), and State Street Corp. (NYSE:STT), are scheduled to release their second-quarter earnings results on Friday, July 14. Bank Earnings Season Has Begun...

American banks’ earnings season is nearly here, with some industry heavyweights set to announce their second-quarter results on Friday, July 14. JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup (NYSE:C), and State Street Corp. (...

The recent failures of Silicon Valley Bank and Signature Bank have sparked concerns about the possibility of other regional banks facing similar challenges.  'Rich Dad Poor Dad' author Robert Kiyosaki recently cautioned his followers that the banking crisis is...

Dawn Fitzpatrick, the chief executive of the $5.61 billion private investment firm Soros Fund Management, says the crisis in the U.S. banking sector is not yet over, and more failures are on the way.  In an interview with Bloomberg, Fitzpatrick said that additional bank...

JPMorgan Chase & Co. (NYSE: JPM) is set to pioneer a groundbreaking initiative in India, partnering with major local banks to implement a blockchain-oriented platform aimed at streamlining interbank dollar transactions within the country's burgeoning international financial center. Kaustubh...

Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a startling comment about the ongoing banking crisis in the U.S. during a recent interview. In an interview with the Financial Times that was published on Sunday, Munger warned that a storm is brewing in...

The current stress in the traditional banking sector is favorable for Bitcoin's (CRYPTO: BTC) outperformance, leading to a potential for the largest digital currency to reach $100,000 by the end of 2024, according to a note published by Standard Chartered analyst Geoff Kendrick. Kendrick...

Some elements of this story were previously reported by Benzinga, and it has been updated. Bitcoin's (CRYPTO: BTC) value has been on the rise over the past several days, fueled by expectations of the upcoming halving and the possibility of a cut in the interest rate by the U.S....

First Republic Bank (NYSE: FRC) may get a substantial capital injection or perhaps a full acquisition from a consortium of large financial institutions, including JP Morgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), Bank of America (NYSE: BAC) and Wells...