Racks Financials

banks, books & basis points

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Top story Wells Fargo, BofA and peers tighten rules on customer-directed AI agents, making users liable

Major US banks are moving to block or limit customer-directed AI agents and warning customers they may bear liability if an agent acts without authorization.

full coverage →banksairegulation
CFPB to investigate JPMorgan, Bank of America, Citi, Wells Fargo and five other banks over account access

The probe follows an OCC report finding bank policies that limited access to banking services, and comes as a Warren report says CFPB case dismissals cost consumers recovery options.

full coverage →cfpbbanksregulation
Intesa Sanpaolo posts record 8.2B euro nine-month net income, lifts 2026 outlook

The Italian lender reported record nine-month profit and raised guidance even as quarterly revenue missed expectations, sending shares lower.

full coverage →earningsbanksitaly
Goldman Sachs equities trading revenue jumps 72% in Q3 2026

The trading surge underscores how volatile markets are driving outsized revenue gains at Wall Street's largest investment banks.

full coverage →earningstradingbanks
Wall Street banks finally see their China bets pay off

After years of investment, US and global banks are realizing returns from their China operations.

full coverage →bankschinaglobal
Bajaj Finserv Q2 net profit rises about 25% as AUM climbs 26%

The Indian financial services group reported broad growth in profit, net interest income and assets under management.

full coverage →earningsindiafinancials
US banks set for profit bonanza as earnings season begins

Analysts and commentators expect strong bank earnings, with rate hike history cited as favorable for several bank stocks.

full coverage →banksearningsoutlook
Truist expands merchant tools with faster onboarding and business owner insights

The super-regional bank is broadening its payments offerings to add value for business customers as diversified bank peers outperform on Q3 earnings.

full coverage →bankspaymentsearnings
AIG delivers strong third quarter results

The insurer's results come as several insurance stocks are expected to beat Q3 estimates.

full coverage →earningsinsurance
Cincinnati Financial earnings call highlights resilient growth

The property and casualty insurer discussed resilient growth on its earnings call.

full coverage →earningsinsurance
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