Financials

The NFT market has soared to $1.5 billion investors pile into digital collectibles.

American Express saw its first-quarter profits rise sharply, but the company saw a significant drop in revenue as fewer customers used their credit cards and those with balances paid down debt.

JPMorgan said on Friday it regretted supporting soccer clubs in launching a breakaway European Super League after the plan collapsed earlier this week due to a storm of protest from fans and politicians

JPMorgan Chase has hired approximately 90 junior bankers and support staff and will hire an additional 100 more globally in an effort to take on the bank's record volumes of activity and to help combat employee burnout, a source familiar with the matter told FOX Business.

Credit Suisse Group AG amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions, according to people familiar with the matter.

NYSE staff will be contacting media outlets that have a presence on the floor about the possible reopening in the coming weeks.

Senate Republicans wrote a letter to Special Presidential Envoy for Climate John Kerry warning him to stop pressuring banks to make energy-related lending commitments.

Morgan Stanley's first-quarter profit more than doubled from a year earlier, reporting a profit of $4.1 billion, despite the bank's record performance being offset by Archegos losses.

The virtual hearings scheduled for May 26 and 27 could determine how much legislative and political risk the biggest banks will face through 2022

Until Bernie Madoff’s scheme came crashing down and the biggest Ponzi scheme in Wall Street’s history came to light, he appeared as a charming wizard with a Midas touch.

PepsiCo Inc said on Thursday it expects organic revenue growth to pick up pace in the second quarter, betting on higher soda sales from restaurants that are gradually reopening following the speedy rollout of coronavirus vaccines.

Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had set aside to cover potential coronavirus loan losses.

Dow members JPMorgan Chase and Goldman Sachs, and financial services giant Wells Fargo earnings are in focus.

Federal Reserve Chairman Jerome Powell warned again that cyber threats are the biggest unknown for the US financial system.

JPMorgan Chase & Co. reported first-quarter profit spiked nearly 400% after the bank released cash that had been set aside to cover bad loans.

Goldman Sachs Group Inc (GS.N) executives are examining how well the bank navigated several major market events this year that caused extreme volatility, people familiar with the matter told Reuters.

Jack Ma's Ant Group will apply to become a financial holding company, which will be overseen by China's central bank, subjecting the company to tighter regulations.

During the pandemic, most debt collectors gave borrowers a break, understanding the financial hardships they faced. Despite this, one firm did not take these hardships into account and instead filed more collection lawsuits after the lockdowns began.

Prosecutors said Horwitz told investors that their money would be used to purchase film distribution rights that would then be licensed to platforms such as HBO and Netflix

Before his epic collapse this week losing an estimated $8 billion or possibly in 10 days, hedge fund trader Bill Hwang increased the size of his fortune a staggering 900% or more in just seven years.