Uptick in CPI inflation complicates case for rate cuts
The Bureau of Economic Analysis said the consumer price index rose to 0.3% in June to an annualized rate of 2.7%, making the case to cut interest rates more difficult for the Federal Reserve to justify at its next meeting later this month.
Citi beats expectations, with help from markets and wealth
Citigroup’s revenues rose 8% during the second quarter, largely due to gains in each of its five core businesses. Wealth topped the list, with profits up 20% year over year.
Wells Fargo’s post-asset-cap results top estimates
A jump in fee income helped the San Francisco-based bank boost second-quarter earnings per share by 20% from a year ago. Total assets, which had been restricted to $1.95 trillion under a government penalty, were $1.98 trillion on June 30.
JPMorganChase delivers $15B bottom line, ups 2025 guidance
Chairman and CEO Jamie Dimon said in a Tuesday statement that “the U.S. economy remained resilient” during the second quarter, adding that the recent tax cuts and potential deregulation are “positive for the economic outlook.”
BNY beats expectations in Q2, fueled by fee revenue and NII
Bank of New York Mellon’s net income, revenue and earnings per share all surpassed Wall Street’s estimates in the second quarter of 2025.
Ally made a bet on women’s sports. Now it’s winning big.
Since 2022, when Ally Financial decided to heavily invest in women’s sports, the popularity of female leagues has exploded. Here’s how Ally managed to ride the wave — and what other banks can learn from it.
Rodney Hood isn’t giving up on financial inclusion
Outgoing Acting Comptroller of the Currency Rodney Hood said in an interview with American Banker that advances can be made in economic inclusion through race-neutral policies, and he intends to keep up that fight as he leaves the Trump administration.
BBVA launches crypto trading for its retail customers
Spanish consumers can buy, sell and trade bitcoin and other cryptocurrencies via the bank’s mobile app.
OCC axes disparate impact oversight
The Office of the Comptroller of Currency said it will no longer include examinations for disparate impact liability but will still perform fair lending risk assessments on a regular basis.
How much will Trump’s deregulatory push help bank earnings?
Loan growth and laxer capital requirements figure to be hot topics during second-quarter earnings season, which starts Tuesday. It’s a turnaround from three months ago, when tariff worries were rampant.