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Activity, Corporate banking

Goldman Sachs Profit Soars 26% on Trading Rebound as Markets Awake

April 17, 2018

Via: TheStreet

Goldman Sachs Group Inc. (GS) , the Wall Street firm, said first-quarter profit surged 26% as price swings returned to global markets following an unusually calm 2017, reviving client activity and boosting stock-trading revenue. Net income rose to $2.83 billion […]


Activity, Corporate banking

Peoples Acquires ASB Financial

April 16, 2018

Via: ABF Journal

Peoples Bancorp, parent company of Peoples Bank, completed its previously announced acquisition of ASB Financial and its subsidiary, American Savings Bank. The acquisition became effective as of the close of business on April 13, 2018, in a cash and stock […]


Activity, Corporate banking

Bank of America Profit Rises 30% on Tax Cuts, Interest Rates

April 16, 2018

Via: TheStreet

Bank of America Corp. (BAC) , the giant U.S. bank, said first-quarter profit surged 30% as taxes decreased following President Donald Trump’s cuts in the corporate rate, while higher interest rates boosted lending revenue. Bank of America’s net income rose […]


Activity, Business banking, Products, Trading

JP Morgan shares rise as first-quarter profit easily tops expectations

April 13, 2018

Via: CNBC

J.P. Morgan Chase on Friday reported first-quarter earnings that beat on both the top and bottom line, although trading revenue growth remained light. Here’s what the company reported versus expectations: — Earnings of $2.37 a share vs. an estimated $2.28 […]


Channels, Products, Retail banking

Opening for Online Alternative as Bank Deposit Rates Stay Near Zero

April 13, 2018

Via: The New York Times

Savers should finally be getting a break. After a decade of being near zero, short-term interest rates have risen sharply in recent months. Typically, these rates — three-month T-bills, Libor, commercial paper — move together because they reflect the same […]


Activity, Trading

Stocks rise in latest volatile session, Trump tweets Syria attack may not be imminent

April 12, 2018

Via: Market Watch

U.S. stocks rose on Thursday, in the latest example of both heavy day-to-day volatility and market movements being directed by the latest headlines and tweets coming from the White House. Geopolitical issues remained at the forefront for Wall Street, although […]


Activity, Trading

Global trading system is at risk of being ‘torn apart,’ warns IMF’s Lagarde

April 11, 2018

Via: CNBC

The globalized system that has transformed the world over the last generation is at risk of being completely dismantled amid aggressive turns toward protectionism, warned International Monetary Fund (IMF) Managing Director Christine Lagarde during a speech at the Asia Global […]


Channels, Products, Retail banking

U.S. Bank Mobile Payment Expands to Mastercard Business Travel Cards

April 11, 2018

Via: Yahoo

The U.S. Bank Corporate Travel Card is expanding its mobile capabilities to Mastercard corporate card transactions. Clients whose business travel cards run on the Mastercard network can now pay for purchases via mobile devices. With this expansion, U.S. Bank now […]


Activity, Investment banking, Trading

Goldman shares to jump nearly 20% the next 12 months as rates rise, investment banking booms: Bernstein

April 10, 2018

Via: CNBC

Investors should buy Goldman Sachs stock as rising interest rates and rebounding revenue put the bank in the “early innings” of a new growth story, according to Bernstein. Investment banking, management and lending have overtaken trading as the firm’s leading […]


Activity, Trading

Earnings Season Is Here Again: How You Should Trade Bank Stocks

April 10, 2018

Via: TheStreet

Once upon a time, I used to fancy myself a trader that focused on the financials. As a professional, I morphed into other arenas by necessity. The tech space became my darling, After that, it became aerospace and defense that […]