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JPMorgan Chase, Wells Fargo and Goldman Sachs Report Big Profits

The New York Times: Banking

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

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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UK’s Halfords expects pricing efforts to drive profits

Global Banking & Finance

UK’s Halfords expects pricing efforts to drive profits By Sarah Young LONDON (Reuters) -Halfords forecast profit would rise 3% in its current financial year, saying its efforts to keep prices low should help it to retain customers squeezed by inflation that limits their power to spend on bikes and motoring.

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Morgan Stanley’s wealth business stumbles even as profits jump

Financial Times - Banking

Bank reports 40% rise in quarterly profits but wealth unit struggles to attract assets at higher interest rates

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Binance is banking big on M&A and VC deals

TechCrunch: M&A

I know you just started recently, but what are the profitability metrics that Binance looks at as its north star? Binance is banking big on M&A and VC deals by Jacquelyn Melinek originally published on TechCrunch Editor’s note: This interview has been edited for length and clarity.) And how has performance been?

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Profits Leap at Goldman Sachs as Banks See Steady Economy

The New York Times: Banking

The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.

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Sabadell doubles Q2 net profit, lifts guidance for 2023

Global Banking & Finance

Sabadell doubles Q2 net profit, lifts guidance for 2023 By Jesús Aguado MADRID (Reuters) -Higher margins helped Spain’s Sabadell double net profit in the second quarter, beating market expectations and prompting the bank to lift its guidance for overall lending income and profitability in 2023.