New York’s data center freeze misses the credit markets
The order stops New York projects at the door. It does not reach the loans and bonds already financing the buildout.
Fed’s Bowman: AI can expand credit access
The Federal Reserve’s top regulator said banks should be left to decide their own best uses for emerging technologies.
Citi’s investment roadmap raises eyebrows on Wall Street
The global bank said it’s ready to take advantage of opportunities to accelerate investments into its business, with an eye toward achieving longer-term, sustainable growth. Analysts had tough questions about the plans.
Business banking fintech Flex raises $70 million
The company plans to use the funding to expand its global banking services, including using stablecoins for cross-border payments.
Merrill boasts of 75% graduation rate for its advisor training program
The well above-average advisor graduation numbers, paired with Merrill’s recruiting efforts, suggest the wirehouse is serious about adding lots of talent.
‘Brutal, then better, then great’ — how advisors’ tenures tie into pay
Financial Planning’s Compensation Survey measured the total pay of hundreds of financial advisors and, perhaps more importantly, the lessons they would share to aspiring planners about forging a successful career.
Big banks get second-quarter rocket fuel from SpaceX IPO
For the banks involved in the record-shattering IPO, this year’s second quarter was marked by a spike in investment banking income.
Warsh doesn’t want more bailouts, but won’t commit to no bailouts
In his first congressional appearance as Fed chair, Warsh criticized past bailouts and voiced concern over stablecoin risks, without ruling out future intervention.
Wells Fargo’s profit jumps on improved credit quality
The San Francisco-based banking giant remains on track to hit its $50 billion spread income target for all of 2026, CEO Charlie Scharf told analysts.
Dimon says JPMorgan CEO transition remains years away
JPMorganChase CEO Jamie Dimon declined to give specifics on when he will step down, saying the decision ultimately rests with the board of directors.