Financials

Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.

During the rout in stock markets across the globe in March, UBS’ richest customers took out loans to place billions into crashing stock markets.

Historically-low mortgage rates are helping banks generate revenue amid the COVID-19 pandemic.

The spread of the novel coronavirus around the globe and the resulting economic slowdown have pummeled the banking industry and raised concerns about loan defaults by consumers and big businesses alike.

The San Francisco-based bank lost $2.38 billion in the second quarter as the novel coronavirus continued to pummel the economy. It was the bank’s first loss since the fourth quarter of 2008.

Double-digit growth in stock and bond trading fueled the New York-based bank's revenue gains as investors nationwide moved money to safer assets and took advantage of market volatility. 

JPMorgan Chase reported better-than-expected results. Citigroup earnings per share were also better than expected, while Wells Fargo reported a net loss of $2.4 billion.

A late day reversal hits stocks hard ahead of bank earnings out tomorrow.

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating.

Mazars USA holds Trump's tax returns that Manhattan District Attorney Cy Vance and others are trying to obtain.

The Paycheck Protection Program helped small businesses avert mass layoffs and kept small businesses afloat during the coronavirus pandemic. It may also be a revenue windfall for banks.

The bank, which is said to have had a major role in Epstein’s financial affairs, previously said it regretted its ties to the deceased, accused sex-trafficker.

The New York-based insurance startup backed by Japanese tech giant SoftBank opened for trading at $50.06 a share and reached as high as $67.45

Citigroup Inc said on Wednesday it was delaying plans for  U.S. employees returning to offices as COVID-19 cases rise in several states.

Nation’s fourth-largest bank has cited weak earnings during the pandemic

The Supreme Court on Monday ordered changes to a government consumer-finance watchdog created in the wake of the 2008 financial crisis.

The Fed's stress tests are adding some temporary 3Q restrictions so banks can remain healthy post the pandemic.

Unlike big, “money-center banks” headquartered in New York City such as JPMorgan Chase, Citigroup and in Wells’ case, San Francisco, community banks are locally owned and operated. You won't see their branch offices on every street corner and they don't conduct glitzy advertising campaigns.

The report found the uptick in fraudulent activity may be linked to the increase in "card not present" activity amid a 250 percent surge in digital transactions since the pandemic began.

JPMorgan Chase and Bank of America are among the five biggest U.S. banks.