Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

Bank of America

Bank of America underperforms as banks increase after the stress test

by
banks

Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve’s annual health check. Results implied a big variation in the size of banks’ stress capital buffers. Bank of America underperformed with test results implying it needs a larger-than-expected buffer. Shares in the greatest U.S. banks revitalized on Friday after they … Read more

Fed says American banks can comfortably endure a catastrophic slump

by
banks

The largest U.S. banks pass the Federal Reserve’s annual stress test. Results pave the way for them to issue share buybacks and dividends. 34 lenders with more than $100 billion in assets would suffer a combined $612 billion in losses under this year’s scenario. The average capital ratio for the 34 banks was 9. That … Read more

United States might already be in recession, says expert

by
united states

In May, the consumer price index rose 8.6 percent year on year, the highest increase since December 1981. Bleakley Advisory Group’s chief investment officer said he “wouldn’t be surprised” if the recession “started in the third quarter of this year”. Both the consumer price index and core inflation, excluding food and energy, exceeded expectations. NEW … Read more

How far will inflation remain? The answer lies in the past

by
inflation

The Federal Reserve’s favorite inflation-associated adjective was once transitory, as in: Inflation is transitory and rate increases should be temporary. That is no longer the case. Inflation fees were growing sharply considering August 2021 and were out of the everyday 2%-to-4% range for a full year. The Consumer Price Index rose eight.Five% for the yr … Read more

Bank of America: $17.5 billion recently taken out of global equities by investors

by
Bank of America

That’s the question presented by Bank of America strategists, who reported on Friday that investors took $17.5 billion out of global equities in the previous week, the largest weekly outflow so far this year. They warned that the outflows might get worse. Nasdaq peak inflows to stocks have happened in 16 of 20 weeks since … Read more

Elon Musk exploring Twitter offer, $46.5 billion in financing in takeover offer

by
musk

Elon Musk poked Twitter on Thursday as he awaits a reliable choice on whether or not the organization will take delivery of or reject his takeover provide. Now he’s exploring whether or not to begin a tender offer to acquire all outstanding stocks of Twitter’s common inventory, bringing up the board’s loss of response to … Read more

International banks in UAE to switch to Monday to Friday work week

by
UAE

DUBAI: Deutsche Bank AG, JPMorgan Chase and Co and Societe Generale SA are changing to a Saturday-Sunday weekend from the New Year in the UAE. The German bank will from January 3, 2022 operate Monday-Friday instead of the current Sunday-Thursday, as is common around the Middle East, a source familiar with the matter told Reuters. Wall … Read more

Busy IPOs year for GCC countries ahead: Bank of America

by
Bank of America

DUBAI: Gulf exchanges are likely to have another busy year of initial public offerings in 2022, possibly surpassing this year’s bumper crop, a Bank of America executive told Reuters. After a year that featured three major IPOs on both Saudi Arabia’s Tadawul and Abu Dhabi’s ADX markets, Dubai has announced plans to list as many as … Read more

Goldman Sachs profits up 63% on surge in deal making activity

by
Goldman Sachs

NEW YORK: Goldman Sachs reported a jump in the third quarter profits on Friday behind robust gains in its financial advisory and trading divisions, capping a strong week of results for the large US banks. The big New York investment bank reported profits of $5.3 billion, up 63 per cent on a 26 per cent … Read more

Bank of America jumped into the Bitcoin trend

by
Bank of America

Bitcoin futures trading is now available for a limited set of Bank of America clients, according to sources.

According to the reports, the financial institution is yet to make this service available to all of its customers.

Jerome Powell, the chairman of the Federal Reserve, spoke out about the importance of cryptocurrency and stablecoins in the US economy.

Investment banks intend to allow customers to invest in bitcoin products. After a three-year break, Goldman Sachs has confirmed the return of its crypto trading department.

The investment banking powerhouse had already offered cryptocurrency trading in partnership with the CME Group, and Bank of America is set to do so again for its clients.

Bitcoin trading began in 2017 at the CME Group. Since then, the platform has seen an improvement in investment and involvement.

Other banks and investment banks that sell crypto products to clients across the US are likely to follow Bank of America’s lead.

It’s interesting to note that in 2018, the American multinational investment bank banned its clients from trading in crypto-related goods, however, it has changed its stance since then.

[embedpost slug=”dogecoin-co-creator-jackson-palmer-condemns-cryptocurrency”]

Read more

Crypto Research Team Launched by Bank of America

by
crypto

Bank of America has formed a crypto research team in an attempt to profit from the growing interest in the digital asset market.

Alkesh Shah would lead the new cryptocurrency research team, and the research would focus on technology related to the digital asset sector.

In the statement, Candace Browning, Bank of America’s head of worldwide research, said

”Cryptocurrencies and digital assets constitute one of the fastest-growing emerging technology ecosystems. We are uniquely positioned to provide thought leadership due to our strong industry research analysis, market-leading global payments platform, and our blockchain expertise.”

Bank of America joins the rising list of US-based banking giants betting big on the cryptocurrency network.

Some of the top US banks containing JP Morgan, Goldman Sachs, BNY Mellon, and various others have started offering some form of Bitcoin and crypto investment vehicles for their customers.

[embedpost slug=”crypto-com-and-ufc-signs-175-million-sponsorship-deal”]

Read more

Menu

Latest

Entertainment

Lifestyle