JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits
The New York Times: Banking
JANUARY 15, 2025
The largest banks, including JPMorgan Chase, Wells Fargo and Goldman Sachs, reported bumper profits on Wednesday.
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Foreclosures in China Soar, Threatening to Choke Off Bank Profits
The New York Times: Banking
NOVEMBER 4, 2024
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.
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Profits Leap at Goldman Sachs as Banks See Steady Economy
The New York Times: Banking
OCTOBER 15, 2024
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
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Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report Says
The New York Times: Banking
FEBRUARY 1, 2024
For some companies, the new technology is an opportunity to enhance productivity and profit. Will their workers benefit as well?
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Why Banks May Be Hoping You’re Not Paying Attention
The New York Times: Banking
FEBRUARY 2, 2025
They have no fiduciary duty in many cases and can profit from customers confusion. But wheres the line between unsavory and illegal?
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Can You Supercharge Your Business Growth? The Roll-Up Strategy REVEALED
How2Exit
NOVEMBER 25, 2024
The Roll-Up Strategy REVEALED - Watch Here About the Guest(s): Matt Duckworth is the CEO and founder of Rhapsodi, a financial services firm based in Little Rock, Arkansas. His career transitioned into investment banking and fractional CFO services, where he developed significant expertise in mergers and acquisitions, particularly roll-ups.
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JPMorgan Chase, Bank of America and Wells Fargo Earned Billions
The New York Times: Banking
JANUARY 12, 2024
JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.
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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits
The New York Times: Banking
JULY 14, 2023
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes
The New York Times: Banking
JULY 19, 2023
The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.
How does the bank make a profit?
Global Banking & Finance
JANUARY 22, 2024
How does the bank make a profit? In the complex landscape of finance, banks play a pivotal role in facilitating economic growth by providing a multitude of services. However, have you ever wondered how these financial institutions actually make a profit?
Executive Strategies for Cyber-Resilient Banking
Global Banking & Finance
SEPTEMBER 9, 2024
Increase Resilience Against Third-Party Risk with These 5 Strategies Banks today are embracing Digital Transformation to expand capabilities, maximize profits, and increase customer offerings. In 2023, 74% of banks were accelerating their digital transformation.
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Bank of America Reports Big Jump in Profit on Higher Interest Rates
The New York Times: Banking
JULY 18, 2023
One of the nation’s largest banks reported across-the-board strength in its latest quarter, with sales and earnings that surpassed analysts’ expectations.
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Europe’s Inflation Issue Moves Into a New Phase: From Profits to Wages
The New York Times: Banking
JUNE 29, 2023
The European Central Bank expects to bring down inflation, with a big caveat: Companies need to let profits fall as they pay for higher wages.
Cooperative Banking: Meaning, Structure & Advantages
Razorpay
JULY 20, 2023
Cooperative banking refers to a small financial institution started by a group of individuals to address the capital needs of their specific community. Such financial institutions are owned and controlled by their members, and the board members are democratically selected to oversee the operations.
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A Slimmer Goldman Sachs Posts Hefty Jump in Profit
The New York Times: Banking
APRIL 15, 2024
The Wall Street bank recorded nearly $4 billion in profit, beating analyst expectations in a tough quarter for big banks.
Goldman Sachs’s Revamp Takes Shape With Another Profit Haul
The New York Times: Banking
JULY 15, 2024
The Wall Street investment bank earned $3 billion in the second quarter, more than double the tally from a year earlier.
UBS Reports $29 Billion Profit, a Record
The New York Times: Banking
AUGUST 31, 2023
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
Wall Street Lands on India, Looking for Profits It Can’t Find in China
The New York Times: Banking
MAY 30, 2024
Stock markets in Mumbai have surged as big global investors hope India can become a source of growth. It won’t be so easy.
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Big Banks Open Their Books for First Test After Rate Cuts
The New York Times: Banking
OCTOBER 11, 2024
Profits fell at JPMorgan and Wells Fargo, but the lenders reported results that were largely better than had been expected, a sign that the economy remained solid.
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UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal
The New York Times: Banking
AUGUST 31, 2023
The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.
What is Banking?
Razorpay
JUNE 8, 2023
What is Banking? A bank is any financial institution that helps people and businesses store, invest and borrow money. Banks provide services like deposits, loans, and investment options. Banks in India are regulated by the Reserve Bank of India (RBI), which is the central banking authority of the country.
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For Goldman Sachs, No Bad News Is Good News After a Brutal Stretch
The New York Times: Banking
OCTOBER 17, 2023
The Wall Street bank disclosed $2 billion in quarterly profit, just above expectations and propelling the bank further in its turnaround.
How Bank Reconciliation Helps Businesses?
Razorpay
MAY 17, 2023
Bank reconciliation refers to the process by which the bank account balance of a business entity is reconciled with the amount recorded by financial institutions in the latest bank statement. What is a Bank Reconciliation Statement? It is to reconcile the bank account balance with the internal cash record.
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JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat
The New York Times: Banking
JULY 14, 2023
It was another quarter of banner financial results for the largest lender in America.
Reviving Distressed Assets: The Business Model of Asset Reconstruction Companies
Wizenius
MARCH 30, 2023
An Asset Reconstruction Company (ARC) is a specialized financial institution that acquires non-performing assets (NPAs) or distressed assets from banks or financial institutions at a discounted price. Profit sharing : Once the assets are resolved, the ARC shares the profits with its investors.
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Wall Street Profits Surge Despite Questions About the Economy
The New York Times: Banking
OCTOBER 11, 2024
JPMorgan Chase, Wells Fargo and BlackRock reported strong quarterly results to kick off earnings season, but concerns linger about the strength of the consumer.
How to raise first equity finance for your business
Growth Business
JUNE 29, 2023
The objectives you set for the business will dictate the type of finance you should raise: the two key options being equity (selling shares in your company) and debt (borrowing from a bank or financial institution). If growth and sale are not part of your plan, then an equity raise is not the right choice for you.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
The New York Times: Banking
JULY 12, 2024
At Wells Fargo, a core measure of profitability sank. JPMorgan and Wells Fargo reported that overall deposits dropped.
Citigroup Says Its Predecessors Benefited From Slavery
The New York Times: Banking
JULY 27, 2023
The bank’s latest historical review, done as part of its racial equity pledge, shows indirect ties rather than direct profits.
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SGX FX releases updated AI offering to help bolster FX decision-making
The TRADE
APRIL 29, 2024
SGX FX has unveiled the latest version of its artificial intelligence (AI) tool, giving financial institutions improved access to faster and more informed foreign exchange (FX) trading decisions. The post SGX FX releases updated AI offering to help bolster FX decision-making appeared first on The TRADE.
Leaders in Trading 2023: Meet the nominees for… Outstanding Non-Bank Electronic Liquidity Provider
The TRADE
OCTOBER 26, 2023
Next up in our introduction to the distinguished nominees for Leaders in Trading 2023 Editors’ Choice Awards, we bring you the shortlist for Outstanding Non-Bank Electronic Liquidity Provider, showcasing excellence in liquidity provision outside of the traditional sphere. billion compared to € 2.8 billion the previous year.
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UBS and Credit Suisse: The Next Shoe to Drop in the Financial Crisis of 2023?
Mergers and Inquisitions
MARCH 22, 2023
Before delving in, though, I want to start with the elephant in the room: I was partially wrong ~5 months ago when I wrote about Credit Suisse, UBS, and Deutsche Bank, and whether they would become Lehman Brothers 2.0. billion at a P / BV multiple of 0.1x – exceptionally low for a commercial bank. with flying colors !
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Statement of Cash Flow
Wall Street Mojo
JANUARY 17, 2024
This differentiation helps identify a company’s profitability Profitability Profitability refers to a company's ability to generate revenue and maximize profit above its expenditure and operational costs. It is measured using specific ratios such as gross profit margin, EBITDA, and net profit margin.
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What Is eMandate: Meaning and How Does It Work?
Razorpay
MARCH 21, 2024
In 2001, you needed money and had to take a bank loan. After visiting your bank, you received a pamphlet with loan details. You compared other banks, gathered documents, submitted them, and waited for verification. You approached a bank for a loan and realized you could avail benefits without visiting the bank.
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Interest Rate Swap | Examples | Uses | Swap Curve
Wall Street Mojo
JANUARY 17, 2024
Financial institutions with good credit ratings offer swap facilities to clients and charge fees from brokers. The exchange in done, based on LIBOR (London Inter-Bank Offered Rate). The financial institution who are the market maker of the swap, execute it in exchange for a fee.
Exploring the Pros and Cons of Seller Financing, Equity Investment, and All-Cash Offers
Sun Acquisitions
FEBRUARY 1, 2024
In this arrangement, the buyer makes regular payments to the seller, effectively bypassing the need for traditional bank loans. Pros: Expanded Buyer Pool: Seller financing can attract a wider pool of potential buyers, including those who may not qualify for traditional loans due to credit issues or other financial constraints.
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What are export payments and how to choose the right one for your business?
Razorpay
OCTOBER 13, 2023
By expanding the market and tapping into global opportunities, exports can prove to be extremely profitable for businesses. A letter of credit (LC) is a contractual agreement between the importer and exporter’s bank, promising payment upon meeting the mentioned terms and conditions in the LC.
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What are Corporate Accounts? Meaning, Benefits & Types
Razorpay
MARCH 18, 2024
A corporate account is a bank account one can open in the name of a business. Every small business that is required to pay tax should have a corporate bank account for business banking and its numerous benefits. Read on to learn the vital details associated with a corporate bank account. Explore RazorpayX 2.
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LSEG sees double-digit growth across post-trade as exchange continues to reap benefits of acquisition push
The TRADE
FEBRUARY 29, 2024
Our post-trade business is in the early phase of its next stage of growth, helping financial institutions manage risk and improve capital efficiency across the whole trading book.” He added: “In capital markets, we are collaborating more extensively with Tradeweb, creating new avenues for growth.
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What is a Merchant Account? How to Get a Merchant Account?
Razorpay
DECEMBER 1, 2023
A merchant account is a business bank account wherein the payments from credit and debit card transactions are deposited. Merchant accounts require a business to partner with an acquiring bank or a merchant account provider that facilitates an electronic payment transaction. How Merchant Accounts Work? How to Get a Merchant Account?
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Wall Street’s Most Hated Regulator Faces a Fundamental Threat
The New York Times: Banking
OCTOBER 1, 2023
Rohit Chopra, who leads the Consumer Financial Protection Bureau, says he is simply enforcing the law. Bankers call him reckless — a “regulator gone rogue.”
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Short selling buck to stop with the FCA as watchdog gets greater powers post-Brexit
The TRADE
NOVEMBER 24, 2023
This is why we are seeing more and more financial institutions looking to reconstruct their trades to help authorities assess whether short-selling activities adhere to established rules.” The decision sparked criticism from several global banks. It was controversially re-banned in South Korea until 2024 earlier this month.
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What Is a Payment Network? Types, Benefits and How it Works?
Razorpay
AUGUST 11, 2024
A payment network is a system that processes electronic payments between consumers, businesses, and financial institutions. By connecting merchants, banks, and card issuers, it enables seamless processing of credit, debit, and other electronic transactions. These networks can be specific to a bank or part of interbank networks.
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What is Six Sigma? A Strategy to Improve Business Processes
Peak Frameworks
SEPTEMBER 19, 2023
Financial firms, from Wall Street giants to boutique investment banks in Europe, have recognized its value. A vivid example of DMAIC in action is Bank of America's Six Sigma initiative. Risk Assessment: In investment banking , before sealing deals, understanding potential failures and their impacts can save millions.
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