Wells Fargo shares drop after report HUD is probing its minority homeownership lending practices
The federal housing regulator's inquiry targets Wells Fargo's efforts to boost Black and minority homeownership, pressuring shares of the third-largest US bank.
Bloomberg.com · +5 outlets
Treasury yields hit 24-year high, dragging Dow down as much as 500 points
A surge in long-term Treasury yields on mounting rate fears pressured equities and stoked concerns about mortgage and borrowing costs.
BigGo Finance · +14 outlets
Banks face pressure from spiking yields heading into Q3 results
Rising long-term rates are reshaping the outlook for bank earnings as the sector prepares to report third-quarter results.
TradingView · +10 outlets
Fed restructures bank supervision, consolidating oversight under Bowman
Vice Chair for Supervision Michelle Bowman said the changes aim to install clearer accountability and decision-making authority in the Fed's supervisory arm.
Bankingdive · +10 outlets
JPMorgan tops global AI banking index for fifth straight year; Capital One, RBC follow
Evident's annual index ranks banks by AI maturity across talent, leadership and transparency, with JPMorgan and Capital One leading.
Quartz · +14 outlets
Morgan Stanley upgrades Wells Fargo to Overweight ahead of Q3 earnings
The upgrade comes as the big banks prepare to kick off third-quarter earnings season next week.
Quartz · +13 outlets
Fed examiners visit banks in private-credit risk review
Regulators are scrutinizing banks' exposure to the fast-growing private-credit market for signs of hidden risk.
Benzinga · +12 outlets
AI agents could cost banks $500B by steering savers to better rates
The Financial Times reports that AI-driven comparison tools could erode banks' deposit funding advantages by winning customers higher yields.
finance.yahoo
Q3 earnings preview: what to watch as big-bank reporting begins
JPMorgan, Citigroup, Wells Fargo and Goldman Sachs are among the banks opening the third-quarter reporting season.
Marketplace.org · +14 outlets
JPMorgan hires veteran dealmaker Rob Sweeney amid investment banking expansion
The hire underscores JPMorgan's push to deepen its investment banking bench.
Reuters · +6 outlets
Citigroup tops global IPO underwriting rankings in 2026
The bank has claimed the top spot in global equity capital markets underwriting league tables for the year.
Evrim Ağacı · +13 outlets
Wall Street bonuses head for a record, with bank earnings to hint at the size
Barron's reports that investment banking and trading revenue will determine how large this year's bonus pools run.
Moomoo · +10 outlets
SK Hynix's Solidigm unit said to pick banks for US IPO in 2027
The flash memory unit of the Korean chipmaker is reportedly lining up underwriters for a US listing.
The Business Times · +14 outlets
Rain and Modern Treasury seek OCC trust charters
The fintechs join a growing list of non-banks seeking federal banking regulation, days after a trade group sued the OCC over trust charters.
Bankingdive · +11 outlets
Singapore banks' margins face pressure from intensifying loan competition
RHB remains optimistic on the sector even as OCBC has shed roughly S$8 billion in market value amid margin worries.
Asian Banking & Finance · +7 outlets
Banks prioritize AI governance as adoption accelerates
JPMorgan and Capital One rank highest on AI maturity, according to Evident's annual index.
Bankingdive · +14 outlets
Third Coast to buy Oklahoma bank for $240M
The Houston-based lender's deal follows last year's $123M purchase of Austin's Keystone Bancshares.
Bankingdive
India banks face margin squeeze despite 18.8% credit growth
Strong loan growth is not translating into wider spreads for Indian lenders as deposit competition bites.
Asian Banking & Finance