Banking

Western Alliance Reports Mixed Q1 Results: Earnings Miss, Revenue Beats
Trump Media & Technology, Rivian, Goldman Sachs, Salesforce, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Ally Financial Gets Boost: Analyst Upgrade Predicts Less Volatility, More Growth
Trump Media & Technology, Rivian, Goldman Sachs, Salesforce, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Ally Financial Gets Boost: Analyst Upgrade Predicts Less Volatility, More Growth
Texas Capital Bancshares Will Be Impacted By Fed's Rate Move, Says Analyst
S&P Global Downgrade For 5 US Regional Over Commercial Real Estate Concerns

Banking Recent News

New York Community Bancorp Stock Nosedives After Bank Identifies 'Material Weakness' In Internal Controls, Announces Leadership Transition
New York Community Bancorp shares are tumbling in after-hours trading Thursday after the company identified material weakness in internal controls and announced a leadership transition.
Warren Buffett-Backed Nu Holdings Slides On Q4 Earnings: The Details
Nu Holdings reported fourth-quarter revenue of $2.4 billion, up 57% compared to the prior year's quarter. The company reported fourth-quarter net income of $360.9 million.
Goldman Sachs CEO David Solomon's Committee Move Sparks Dissatisfaction, Top Investment Bankers Mull Departure: Report
Two of Goldman Sachs' top investment bankers are reportedly considering leaving the firm. The bankers are allegedly unhappy about being left out of a new operating committee set up by CEO David Solomon.
Yellen Warns Non-Bank Lenders Could Fail As Household Finances Become Stretched
Janet Yellen says the U.S. financial system is overall sound and well-capitalized.
New Anti-Money Laundering Rule Costs Banks $686M In First Year: FinCEN
FinCEN had previously announced that banks and law-enforcement officials would gain access to the new database in phases starting in February.
Goldman Sachs Exited 2023 With A Q4 Win But Like Morgan Stanley, Its Annual Figures Lacked Luster
During the second week of the new year, JPMorgan Chase & Co (NYSE: JPM), Wells Fargo & Company (NYSE: WFC), Bank of America Corporation (NYSE: BAC) and Citig
Citigroup Takes Another Round Of Layoffs At Leadership Level As CEO Fraser Addresses Managing Directors: Report
Fraser addressed the managing directors about the bank's extensive overhaul, which includes the elimination of more leadership roles.
JPMorgan's Jamie Dimon And Other Bank CEOs Held Private Meeting Over Fintech Competition, Regulatory Burden In Davos: Report
The CEOs, who were in Davos for the World Economic Forum, expressed concerns about the competitive threat posed by fintech companies and private lenders, as well as the burden of regulatory requirements.
Former Morgan Stanley CEO James Gorman Says Bitcoin Is Not A 'Fad': 'I Just Don't Think It's A Core Investment'
The former CEO of Morgan Stanley, James Gorman, recently shared his perspective on Bitcoin (CRYPTO: BTC), the banking sector and the economic landscape.
US Banks Could See $160B In Potential Losses From Commercial Real Estate Sector Collapse, Largest Since 2008: Report
A potential collapse in the commercial real estate sector, the largest since 2008, could hit US banks with up to $160 billion in losses.
'Full Banking Collapse': China Worries Pile Up As Hedge Funder Sounds Alarm
As the U.S. economy continued to show signs of strength, many investors remained concerned with China’s economic outlook. One hedge funder, Kyle Bass, said China was experiencing a “full banking system collapse” in a recent post on X. 
Brett Turner: Why Embedded Finance Will Revolutionize Banking
Brett Turner, Founder & CEO of Trovata, will be speaking at the upcoming Benzinga Fintech Deal Day & Awards. Mark Nov. 13 on your calendar for the must-attend gathering in the fintech industry!
Hancock Whitney Corporation Stock Rises After-Hours Following Q3 Earnings
Hancock Whitney Corp (NASDAQ: HWC) shares are trading higher in Tuesday's after-hours session after the company reported third-quarter earnings.
Q3 Earnings Season Starts Strong For Banks As High Interest Rates Fuel Profits Bonanza
U.S. financial institutions kicked off earnings season on a robust note, surpassing analysts' expectations for third-quarter earnings per share.
Robinhood CEO: 'There's A Gigantic Financial Services Industry That's Waiting To Be Disrupted'
Robinhood Markets Inc (NASDAQ: HOOD) CEO Vladimir (Vlad) Tenev joined CNBC’s Power Lunch on Friday to di
Binance's Paysafe Partnership Ends, Users Advised To Convert EUR Balances To USDT
Binance (CRYPTO: BUSD) is looking to replace Paysafe (NYSE: PSFE) as its banking partner.
Proceeding Recklessly
The Forward Guidance Trap
Chinese Origin Clients With Foreign Passports Reportedly Under Scrutiny In Singapore After $1.8M Money Laundering Fiasco
Chase's Chief Product Officer On Shaping The Future Of Banking: 'Artificial Intelligence Is A Hot Topic'
The banking landscape post-COVID-19 pandemic looks different, with some surveys showing upwards of 90% of consumers prefer managing their money in one place, online. The tech-forward banks are some clear winners in this race, particularly following the financial crises over the last two years.
Regional Banks Navigate Regulatory Challenges Amidst Economic Uncertainties While Facing Credit Downgrades By Moodys And Fitch
In recent weeks, regional banks have encountered a series of formidable challenges, stemming not only from credit rating agencies but also from statements made by the FDIC Chair. The call for heightened regulations within the sector has cast a shadow over these financial institutions.
Are US Banks On Shaky Ground? Stocks Tumble As Fitch Sounds Alarm On Potential Downgrades
Fitch Ratings raised alarms about the looming threat of rating reductions for numerous U.S. banks, with even giants such as JPMorgan Chase & Co. (NYSE: JPM) potentially in the crosshairs. Chris Wolfe, an analyst at Fitch, highlighted that while the agency lowered its outlook on the banking sector's health in June, it didn't result in immediate downgrades. However, a further dip in the industry's rating from AA- to A+ could prompt Fitch to reassess the ratings of over 70 U.S. banks.
Fed Beige Book Reveals Mixed Economic Picture, Expectations For Slow Growth As Credit Softens
Monerium Joins Forces With Safe To Bridge Gap Between Crypto And European Banks
Smart wallet infrastructure provider Safe announced on Thursday a partnership with Monerium, an on-chain fiat issuer, to integrate the latter's Web3 IBAN and EURe fiat on/off-chain payments directly into individual Safe smart accounts.