Major US banks launch tokenized deposit network for 2027
JPMorgan, Citi, and other major banks are developing a blockchain-based tokenized deposit system to compete with crypto stablecoins.
MSN · +14 outlets
Intesa Sanpaolo launches $35.3 billion unsolicited bid for Monte Paschi
Italy's largest bank made an unsolicited acquisition offer for Monte Paschi, the world's oldest bank, following a competing merger proposal from Banco BPM.
Banking Dive · +2 outlets
Wells Fargo CFO signals step-up in net interest income for Q2
Wells Fargo expects rising loan growth and improved net interest income in the second quarter, signaling strength in the core banking business.
Reuters · +6 outlets
Apollo leads $35 billion financing for Broadcom AI infrastructure platform
Apollo Global Management structured a major capital solution with Blackstone and global banks for Broadcom's AI XPV platform expansion.
Apollo Global Management · +14 outlets
Bank stress tests coming in late June; major banks poised for shareholder rewards
Regulatory stress tests scheduled for late June may pave the way for increased capital returns as large banks pass safety checks.
AOL.com · +3 outlets
Singapore banking sector upgraded to overweight on NII upside
Analysts upgrade Singapore banks citing potential for interest income rebound as US rates remain higher and wealth management opportunities expand.
The Business Times · +2 outlets
Big banks face pressure to address AI risks, regulators warn
Wells Fargo, JPMorgan, and other major lenders face scrutiny over preparedness for AI-related vulnerabilities and operational risks.
Barron's · +14 outlets
Fed Governor Barr warns deregulation poses medium-term risks to banking system
Federal Reserve leadership cautions that recent banking deregulation represents the largest loosening since the financial crisis and carries hidden risks.
Banking Dive · +1 outlets
Goldman Sachs drops Fed rate-cut forecast after strong jobs data
Goldman revises its outlook to fewer Fed cuts in 2026 following stronger-than-expected employment figures.
parameter.io · +14 outlets
Mastercard raises $5 billion through multi-tranche debt offering
Mastercard completed a multi-currency debt offering to fund capital allocation and refinancing activities.
The Globe and Mail · +3 outlets
CRE risk builds at smaller banks as lending giants grow more cautious
Commercial real estate exposure concentrates at smaller regional banks while major lenders tighten underwriting standards.
Globest · +1 outlets
Tokenized RWAs surge 589% as banks embrace blockchain infrastructure
Real-world asset tokenization on blockchain accelerates rapidly as major financial institutions join the ecosystem.
CoinMarketCap · +2 outlets
Bank of America earnings reshaped by World Cup push and trading strength
Bank of America's earnings mix shifts as World Cup-related business initiatives and stronger trading operations drive results.
simplywall.st · +1 outlets
Congresswoman calls on banks to justify preparedness for AI vulnerabilities
Lawmakers demand banks explain their readiness for security risks related to advanced AI systems and potential exploits.
Seeking Alpha · +1 outlets
JPMorgan, Bank of America, Wells Fargo assess private credit exposure
Major banks disclose significant exposure to direct lending and private credit markets, key growth area beyond traditional banking.
AOL.com · +14 outlets
Half of US bank CEOs older than 65, up sharply from 20 years ago
Truist Securities research shows significant aging of bank leadership, with implications for corporate culture and M&A strategy.
Banking Dive
Banks shift hiring patterns as AI reshapes entry-level roles
Banks adjust recruitment strategies as automation and AI capabilities reduce demand for traditional junior positions.
MSN · +14 outlets
NY Financial stocks rally ahead of central bank policy decision
Financial sector gains momentum as investors anticipate Federal Reserve communication on future monetary policy.
Kalkine Media · +12 outlets
Klarna launches high-yield savings account to compete with banks
The buy-now-pay-later provider introduces a savings product as it deepens its banking ecosystem to retain customers.
Banking Dive · +14 outlets
FinCEN urges banks to flag suspicious immigrant activity
US financial regulators issue advisory instructing banks to report transactions linked to employment of undocumented immigrants.
Banking Dive · +5 outlets
Truist adds Bank of America veteran Cathy Bessant to board
Truist recruits the former BofA vice chair and 40-year banking executive to its board, bringing deep industry experience.
Banking Dive · +3 outlets
Utility stocks face interest rate test in Canadian markets
Rising rate environment pressures dividend-paying utility stocks as borrowing costs rise and valuations compress.
Kalkine Media · +10 outlets
How banks use SpaceX wealth management to attract ultra-high-net-worth clients
Banks leverage SpaceX investment opportunities as a premium wealth-management tool for billionaire-class clientele.
The New York Times · +14 outlets
SoFi tests AI adviser Coach for financial planning and guidance
Digital bank SoFi explores AI-powered advisory tools to enhance customer financial coaching and personalized guidance.
Banking Dive · +14 outlets