- + Japan's economy is weak because the BOJ failed to hike rates in time: CLSA—Nicholas Smith, Japan strategist at CLSA, says the "economy has been weak because of consumption. Consumption has been weak because of the cost o...
- + SoFi mortgage review: low rates and flexible credit requirements—SoFi has more flexible credit score requirements for mortgages than many competitors
- + 'Very solid set of results' in first half, Banco Sabadell CFO says—Leopoldo Alvear, CFO at Banco Sabadell, discusses the Spanish lender's latest earnings report.
- + Cross-selling between divisions is main driver of growth, BNP Paribas CFO says—Lars Machenil, CFO at BNP Paribas, talks through the French bank's second quarter earnings.
- + Santander 'building a strong momentum,' the bank's CFO says—Banco Santander CFO José García Cantera discusses the bank's results, saying performance was "very positive" across global businesses.
- + Spain's Santander posts 20% hike in net profit as retail business shines—Banco Santander posted a 20% year-on-year hike in second-quarter net profit underpinned by growth in its retail, wealth and consumer activity.
- + Deutsche Bank shares drop 6% after lender snaps 15-quarter profit streak —Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 milli...
- + Deutsche Bank shares drop 8% after lender snaps 15-quarter profit streak —Net loss attributable to shareholders was 143 million euros ($155.1 million), against an LSEG poll of analysts which had predicted a loss of 145 milli...
- + Regional banks bounce back: Here's what you need to know—CNBC's Leslie Picker joins 'Power Lunch' to discuss what's behind the regional bank rally and more.
- + A Silicon Valley exec had $400,000 stolen by cybercriminals while buying a home. Here’s her warning—Real estate, with its large transaction sizes and frequent use of bank wires, has proven to be an especially lucrative target for cybercriminals.
- + Investment banking is back — and the recovery is just getting started—Revenues from Wall Street dealmaking surged, which helped to offset weakness from the Federal Reserve's high interest rates.
- + Fifth Third Bank CEO on global technical outages—Fifth Third Bank CEO Tim Spence joins 'Money Movers' to discuss the major technical outages and more.
- + The death of personal checks: As retailers move toward 'check zero,' here's what that means for you—Post-pandemic, Americans have embraced contactless and digital payment methods, while writing checks has steadily declined nearly into oblivion.
- + The slowdown in consumer spending is spreading upward, says UBS' Erika Najarian—Erika Najarian, UBS head of U.S. banks and consumer finance equity research, joins 'Squawk Box' to break down American Express' quarterly ...
- + CFPB cracks down on popular paycheck advance programs. Here's what that means for workers—The watchdog proposed a rule that would label earned wage access programs as loans. Fees would need to be expressed in APR terms, like a credit card.
- + What bank earnings are telling us—CNBC's Leslie Picker reports on the big themes around financial earnings.
- + Watch: ECB President Christine Lagarde speaks after rate decision—European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.
- + Our 5 top-performing stocks since June’s monthly meeting (only one is Big Tech)—Apple shares beat out the portfolio's other mega-cap tech names, with a 9.7% advance over the period.
- + Expect 'healthy consolidation' among regional & community banks in the next 2-4 years: Bob Diamond—Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins 'Squawk Box' to discuss the state of big banks, what to make of bank ea...
- + HSBC appoints Georges Elhedery as group CEO starting Sept. 2—Elhedery, who is the current chief financial officer, will replace outgoing head Noel Quinn in September.
- + Big Banks rally around earnings: Why Bank of America is RBC’S top pick in the space—Gerard Cassidy, RBC Capital Markets co-head of global financials research, joins 'Fast Money' to talk the Big Banks stock rally.
- + Rate cuts in the second half can reduce regional bank headwinds, says Wedbush's David Chiaverini—David Chiaverini, Wedbush Security equity research analyst, joins 'Closing Bell' to discuss regional banks ahead of earnings.
- + Regional bank earnings reports may not matter as group rips higher on rate cut optimism—The SPDR S&P Regional Bank ETF (KRE) has risen for six straight trading sessions and closed on Monday at its highest level since December.
- + Bank of America CEO Brian Moynihan on Q2 earnings beat—Bank of America CEO Brian Moynihan joins 'Squawk on the Street' to discuss the bank's net interest income, digital footprint, AI business,...
- + Citizens JMP's Devin Ryan on why Goldman Sachs is his top bank pick—Devin Ryan, Citizens JMP senior research analyst, joins 'Squawk Box' to break down the big bank earnings ahead of the opening bell on Tuesday.
- + Morgan Stanley beats estimates on better-than-expected trading and investment banking—CNBC's Leslie Picker joins 'Squawk Box' to report on the company's quarterly earnings results.
- + Bank of America tops estimates on better-than-expected investment banking—CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
- + Morgan Stanley tops estimates on stronger-than-expected trading and investment banking—Morgan Stanley benefited from its Wall Street-centric business model in the quarter, as a rebound in trading and investment banking helped results.
- + Morgan Stanley to report second-quarter earnings—Morgan Stanley is likely to benefit from its Wall Street-centric business model.
- + Bank of America shares jump 5% after saying net interest income rebound is coming—Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of thi...
- + Bank of America shares jump 4% after saying net interest income rebound is coming—Bank of America disclosed new guidance that net interest income, a key metric for banks, will rise to about $14.5 billion in the fourth quarter of thi...
- + Bank of America tops estimates on better-than-expected investment banking—CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter.
- + Deutsche Bank criticized by German regulator for financial reporting error—Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday.
- + Sweden's Riksbank has done a good job overall, says Swedbank CEO—Jens Henriksson, CEO of Swedbank, says Sweden's central bank has been a "steady hand in a difficult time," particularly when it comes to...
- + Why Wells Fargo shares will rise once the Fed starts cutting interest rates—The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
- + Dimon, other Wall Street CEOs react to Trump assassination attempt: 'Deeply saddened' by violence—The shooting on Saturday shocked a nation gearing up for a contentious November election.
- + Here are your best money moves ahead of the Federal Reserve's first rate cut since 2020—Everything from student loans, car loans, mortgages and credit cards will be impacted once the Fed starts lowering interest rates.
- + Goldman Sachs tops estimates on better-than-expected fixed income trading—Goldman Sachs topped expectations for profit and revenue on better-than-expected fixed income results and smaller-than-expected loan loss provisions.
- + Goldman Sachs is set to report second-quarter earnings — here’s what Wall Street expects—Expectations have been set high for Goldman Sachs, with Wall Street businesses in the midst of a rebound after a dismal 2023.
- + Buying into Charlie Scharf's 5-year turnaround plan for Wells Fargo just got a bit cheaper—We upgraded Wells Fargo back to our buy-equivalent 1 rating, viewing Friday's post-earnings drop as an opportunity.
- + Big banks under pressure: Here's what you need to know—David Konrad, KBW managing director, joins 'Power Lunch' to discuss his takeaways from big bank earnings.
- + Here's why Wells Fargo stock is down 7% despite the bank's quarterly earnings beat—The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
- + JPMorgan, Wells Fargo, and Citi kick off earnings with Q2 beats—Erika Najarian, UBS managing director, joins 'Squawk on the Street' to discuss second-quarter earnings reports from JPMorgan, Wells Fargo, and...
- + Banking sector to see increasing risks and more regulatory caution, professor says—Arturo Bris, professor of finance at IMD Business School, discusses the latest U.S. bank results.
- + Citigroup tops expectations for profit and revenue on strong Wall Street results—CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
- + A normalized yield curve eventually is very good for banks, says Gabelli Funds' Macrae Sykes—Macrae Sykes, Gabelli Funds portfolio manager, joins 'Squawk Box' to break down the quarterly earnings results from JPMorgan Chase and Wells F...
- + Hightower's Stephanie Link breaks down JPMorgan Chase and Wells Fargo earnings—Stephanie Link, Hightower chief investment strategist, joins 'Squawk Box' to break down the quarterly earnings results from JPMorgan Chase and...
- + JPMorgan Chase tops second-quarter revenue expectations on strong investment banking—CNBC's Joe Kernen reports on the bank's quarterly earnings results.
- + Wells Fargo shares tumble after net interest income falls short of estimates—CNBC's Leslie Picker joins 'Squawk Box' to report on the bank's quarterly earnings results.
- + Citigroup tops expectations for profit and revenue on strong Wall Street results—Citigroup this week was rebuked for failing to address regulatory shortfalls, so analysts will be keen to ask CEO Jane Fraser about her long-running e...
- + Citigroup is about to report second-quarter earnings—Citigroup this week was rebuked for failing to address regulatory shortfalls, so analysts will be keen to ask CEO Jane Fraser about her long-running e...
- + Wells Fargo shares tumble after net interest income falls short of estimates—The San Francisco-based bank recorded $11.92 billion in net interest income, a key measure of what a bank makes on lending, marking a 9% year-over-yea...
- + JPMorgan Chase tops second-quarter revenue expectations on strong investment banking—While JPMorgan has passed numerous stress tests lately, it's possible the bank's consumers could begin showing more strain from higher interes...
- + JPMorgan Chase is set to report second-quarter earnings – here's what the Street expects—While JPMorgan has passed numerous stress tests lately, it's possible the bank's consumers could begin showing more strain from higher interes...
- + JPMorgan reports before the bell Friday. What Wall Street is watching—The unofficial start of the second-quarter earnings season kicks off Friday with results from JPMorgan Chase.
- + Banks in Synapse mess make progress toward releasing deposits of stranded fintech customers—More than 100,000 customers of fintech apps like Yotta, Juno and Copper have been locked out of their accounts since May.
- + Best HELOC lenders of July 2024—HELOCs can help you pay off high-interest debt or renovate your house. Here are some of the best lenders to work with.
- + Jim Cramer calls this stock the Buffett bank; warns nothing really new on Netflix—Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.
- + Piper Sandler's Scott Siefers on state of financials ahead of earnings this week—Scott Siefers, Piper Sandler managing director, joins 'Squawk Box' to discuss state of the financials sector, what to expect from bank earning...
- + Jim Cramer says Tesla soared on a short squeeze, questions ServiceNow sell call—CNBC's Jim Cramer's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio.
- + Here are 3 major reports that could drive the stock market in the week ahead—Wells Fargo leads bank earnings this coming Friday. The government also delivers key data on consumer and wholesale inflation in the week ahead.
- + We're taking some profits in our bank stocks after big runs and ahead of a tricky time—"The positions were built and forged in tougher times. I think they should be trimmed," Cramer said Friday.
- + One of the biggest bears in this bull market is leaving JPMorgan—Marko Kolanovic, who called the Covid-era rebound but missed the latest stock rally, is leaving the bank.
- + How thousands of Americans got caught in fintech’s false promise and lost access to bank accounts—The Synapse collapse has revealed fintech's promise of safety as a mirage. More than 100,000 Americans with $265 million in deposits were locked f...
- + Revolut CEO confident on UK bank license approval as fintech firm hits record $545 million profit—Revolut's CEO Nikolay Storonsky said he is optimistic about the fintech firm's chances of being granted a U.K. banking license.
- + Shares of Wells Fargo and Morgan Stanley rise on plans to raise their dividends—The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
- + JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps—The big banks announced their plans to boost capital return to shareholders after passing the annual stress test administered by the Federal Reserve t...
- + JPMorgan Chase authorizes new share repurchase program of $30 billion—CNBC's Leslie Picker joins 'Closing Bell Overtime' with more breaking news on bank allocation plans.
- + U.S. banks are in a good and resilient place, says Wells Fargo's Mike Mayo—Mike Mayo, Wells Fargo, joins 'Closing Bell' to discuss big banks stress tests and his outlook for the sector.
- + Expect an 'exciting dividend announcement' from JPMorgan, says UBS's Erika Najarian—Erika Najarian, UBS managing director, joins 'Squawk on the Street' to discuss banks, 'stress test', and more.
- + JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed—Last year, Bank of America and Citigroup made similar disclosures, saying that estimates of their own future income differed from the Fed's result...
- + Bank stocks very well positioned headed into quarterly earnings, says KBW's Tom Michaud—Tom Michaud, KBW CEO, joins 'Fast Money' with reaction to results of the Federal Reserve's bank stress test.
- + Banks are more focused on credit than rates, says Hennessy Fund's David Ellison—David Ellison, Hennessy Funds Portfolio Manager and Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to ta...
- + Fed on stress test: All banks tested remained above minimum capital requirements—CNBC's Leslie Picker joins 'Closing Bell Overtime' with breaking news on the Fed's bank stress test results.
- + Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn—This year's stress test included JPMorgan Chase and Goldman Sachs, credit card companies including American Express and regional lenders like Trui...
- + Stanford professor on the future of banking regulation—Anat Admati, George G.C. Parker professor of finance and economics at Stanford Graduate School of Business, joins 'Money Movers' to discuss th...
- + Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work—The rollout will be a real-world test for the vaunted productivity gains of generative AI, which took the world by storm in late 2022.
- + Best FHA Mortgage lenders of July 2024—Federal Housing Administration (FHA) loans allow borrowers to take out a mortgage with as little as 3.5% down. Here are the best lenders to use for th...
- + The stock market flips and tech falls out of favor — why this move may be hard to stop—Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
- + Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans—The living wills are a key Federal Reserve and FDIC exercise mandated in the aftermath of the 2008 global financial crisis.
- + Nearly $109 million in fintech Yotta's customer deposits vanished in Synapse collapse, bank says—Despite mounting pressure to unfreeze all locked bank accounts in the Synapse collapse, messy records have created uncertainty over when that will hap...
- + Switzerland makes second interest rate cut as major economies diverge on monetary policy easing—The Swiss National Bank trimmed its key interest rate by 25 basis points to 1.25% in its second cut of the year.
- + UK fintech firm Zilch raises $125 million with aim to triple sales and accelerate path to IPO—British fintech firm Zilch says it's raised $125 million in debt from Deutsche Bank to help it further its path toward an eventual initial public ...
- + Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’—Bank CEOs have said the Basel III Endgame capital increases are unnecessarily aggressive and would force the industry to curtail lending.
- + Goldman Sachs says it prefers Indian private banks to public sector banks—Rahul Jain of the investment bank discusses the landscape of India's banking sector and what investors should look out for.
- + Investors may be looking at commercial real estate risk all wrong and missing these opportunities—Investors are avoiding bank stocks with high concentrations of commercial real estate. But they may also miss banks that have other risky loans.
- + Fintech has hit a bottom after plunge in valuations and squeeze on funding, execs and VCs say—"Investors are now in the AI mindset," the CEO of Nium told CNBC. "Like, whatever it costs. I want in on AI. They're going to burn ...
- + Fed's decision is favorable for banks, says RBC's Gerard Cassidy—Gerard Cassidy, RBC Capital Markets managing director, joins 'Fast Money' to discuss why he is still bullish on bank stocks.
- + Robotics startup cofounded by Synapse CEO is raising funds with exaggerated claims about GM ties—Foundation was started in April by Synapse CEO Sankaet Pathak, Tribe Capital CEO Arjun Sethi, and LeBlanc, cofounder of Cobalt Robotics.
- + The Fed holds interest rates steady — here's what that means for your monthly bills—The Federal Reserve will keep rates where they are, for now — here's what that means for your credit card, mortgage rate, auto loan and savings ac...
- + Affirm buy now, pay later loans will be embedded into Apple Pay later this year—Affirm will surface as an option for U.S. Apple Pay users on iPhones and iPads later this year.
- + Home equity is near a record high. Tapping it may be tricky due to high interest rates—Consumers are sitting on ample housing wealth. High interest rates make it difficult to access.
- + Regional banks can 'earn their way out of risk' from commercial real estate: Janney's Chris Marinac—Chris Marinac, director of equity research at Janney Montgomery Scott, joins CNBC's 'The Exchange' to discuss why he disagrees with Moody&...
- + Former FDIC chair Sheila Bair on promoting regional bank mergers: They need scale to compete—Sheila Bair, former FDIC chair and a Systemic Risk senior advisor, joins 'Squawk Box' to discuss why she's in favor of promoting regional ...
- + Synapse bankruptcy trustee says $85 million of customer savings is missing in fintech meltdown—The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence after the 2008 financial crisis.
- + Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt—A group of Credit Suisse bondholders have filed a lawsuit over the Swiss government's decision to write down the failed bank's Additional Tier...
- + 'Optimistic' about embracing AI's possibilities in banking, Starling CEO says—Raman Bhatia, CEO of Starling Bank, discusses the use of artificial intelligence in the banking sector. Footage courtesy of Money20/20.
- + AI is the first time new technology is leading to real productivity benefits, ING COO says—Marnix van Stiphout, COO at ING, discusses artificial intelligence and digitalization in the banking sector.
- + King Charles banknotes enter circulation for the first time—Banknotes featuring a portrait of King Charles III entered circulation on Wednesday for the first time, the Bank of England said in a statement.
- + Goldman-backed bank Starling says no plans to pursue EU license, expansion to come from software —Starling will pursue international expansion via its software business Engine rather than via banking licenses, incoming CEO Raman Bhatia said.
- + Customers rank their best banks in the Asia-Pacific region—Customers in Asia-Pacific have picked their favorite banks as lenders scramble to meet consumer expectations in a fast-changing environment.
- + U.S. ignored evidence major U.K. bank was helping fund sanctioned Iranian groups, whistleblower says—Standard Chartered was previously punished with more than $1.7 billion in fines after violating sanctions on Iran and other blacklisted countries.
- + The SBA is unveiling new credit lines of up to $5 million to fund small businesses—The project is part of the SBA's efforts to broaden its flagship lending program for American small businesses under Administrator Isabel Casillas...
- + Bank of Korea not likely to cut interest rates yet, says economist—Trinh Nguyen, senior economist at Natixis, says the central bank "has to balance between financial stability and … that deleveraging cycle."
- + Bunq, the $1.8 billion European neobank, hopes to secure license for UK expansion this year—"I hope we'll get somewhere by the end of the year, maybe early next year," Ali Niknam, Bunq's CEO and founder, told CNBC at the Viv...
- + Savings app CEO says 85,000 fintech accounts locked: ‘We never imagined a scenario like this’—The ongoing Synapse bankruptcy mess has exposed the risks in a corner of fintech that grew in prominence during a boom in venture investment.
- + How East West Bancorp has gained an edge by serving the Asian American community—The Southern California bank is liked by analysts who say that its leadership in the fastest-growing demographic in the U.S. bodes well for future gro...
- + Rentals positioned to benefit from housing shortage, says Morgan Stanley's Laurel Durkay—Laurel Durkay, Morgan Stanley head of global listed real assets, joins CNBC's 'The Exchange' to discuss the housing market affordability c...
- + Bank of America CEO says U.S. consumers and businesses have turned cautious on spending—Consumers and businesses are wrestling with inflation and borrowing costs that remain higher than they are accustomed to.
- + Fintech targeted by climate skeptics banks $37 million from likes of UBS, CommerzVentures—Swedish climate fintech Doconomy told CNBC it's raised $36.9 million in a Series B round co-led by the venture arms of UBS and CommerzBank.
- + BlackRock-backed fintech Trustly says IPO still at least one year out even as profits jump 51%—Johan Tjarnberg, CEO of Trustly, told CNBC his firm still needs time to prove the value of its open banking tech to investors before going public.
- + UBS overhauls wealth management leadership in wider board shake-up—The new appointments provide an important signal on the future direction of the bank as it tees up a replacement for outgoing CEO Sergio Ermotti.
- + Wells Fargo CEO talks up reasons to love the stock — plus, what's behind the market drop—Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
As of 7/26/24 7:58pm. Last new 7/26/24 1:41am. Score: 549
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