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The Latest Breaking News on Financial Services

Bank Of New York Mellon's Strong Q2 Profit Drives Higher 2025 Guidance

Bank of New York Mellon Corp. (NYSE:BK) on Tuesday reported better-than-expected second-quarter 2025 results, topping both revenue and earnings estimates.

Benzinga

Citigroup Q2 Revenue And Profit Jumps, CFO Says Recession Risk Has Fallen

Citigroup (NYSE:C) reported on Tuesday that the second-quarter fiscal 2025 revenue growth was 8% year-over-year and was $21.7 billion, beating the analyst consensus estimate of $20.9 billion. This growth was driven by each of the five interconnected businesses.

Benzinga

Wells Fargo's Net Interest Income Shrinks In Q2, Bank Trims Outlook

Wells Fargo Company (NYSE:WFC) reported a net interest income of $11.71 billion on Tuesday, down 2% year over year in the second quarter of 2025.

Benzinga

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Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock market

The Guardian - UK

Reeves sets out sweeping reforms to financial sector in search for growth

The changes are ‘freeing up firms to take risks and to drive growth’, Chancellor Rachel Reeves said.

Evening Standard

Standard Chartered Enters Crypto Trading — First Big Bank To Offer Deliverable BTC, ETH To Institutions

Standard Chartered PLC launched digital assets spot trading for institutional clients on Monday, marking a watershed moment as the first global systemically important bank to offer deliverable Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) trading services.

Benzinga

Card payment surcharges should be banned for debit and credit payments, RBA says

Surcharges on Eftpos, Mastercard and Visa card payments would be eliminated from July 2026 under proposal from Reserve Bank

The Guardian - AU

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JPMorgan Q2 Preview: A 'Banking Renaissance' On The Horizon

Banking giant JPMorgan Chase Co (NYSE:JPM) could provide a detailed look at the health of the American economy and consumer and have a big impact on several ETFs when the company reports second-quarter financial results Tuesday before market open.

Benzinga

JPMorgan, Citi To Kick Off Bank Earnings As Wall Street Sees Profit Boom

Big bank earnings season kicks off Tuesday, July 15, with key industry heavyweight JPMorgan Chase Co. (NYSE:JPM), Citigroup Inc. (NYSE:C) and Wells Fargo Corp. (NYSE:WFC) headlining a crucial reporting day for financials, as Wall Street eyes a rebound in quarterly profits fueled by stronger net interest income and healthy capital…

Benzinga

How To Earn $500 A Month From Bank of America Stock Ahead Of Q2 Earnings

Bank of America Corporation (NYSE:BAC) will release earnings results for the second quarter before the opening bell on Wednesday, July 16.

Benzinga

JPMorgan Stock Shows Mixed Signals Ahead Of Q2 Results Even As CEO Jamie Dimon Warns Of 'Complacent' Markets Ignoring Impact Of Trump Tariffs On Interest Rates

JPMorgan Chase Co. (NYSE:JPM) is about to kick off the earnings season, as it is one of the first banks to report on July 15. However, its technical chart shows mixed signals as the bank is ready to report its second-quarter earnings.

Benzinga

Bank exec charged with seeking girls for sex gets bail

A corporate finance executive with a major bank has been accused of engaging a sex worker to send two underage girls to his luxury hotel room.

AAP

Bank of England will monitor cash acceptance on ongoing basis

Dame Meg Hillier, chairwoman of the Treasury Committee, described the development as a ‘positive first step’.

The Independent UK

HSBC becomes first UK bank to quit industry’s net zero alliance

Campaigners condemn ‘troubling’ move that follows departure of six of largest US banks after Trump’s election

The Guardian - UK

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The National (Scotland)

Wages at top bank's Glasgow HQ 'closer to India than America'

THE wages of workers at a major bank’s Glasgow base are reportedly closer to those it pays in India than in America.

The Independent UK

Barclays launch new sub-4% mortgage to compete with best rates on market

Several lenders are now offering deals with interest rates below 4% - but you need to meet certain criteria

Benzinga

How To Earn $500 A Month From JPMorgan Stock Ahead Of Q2 Earnings

As JPMorgan Chase Co. (NYSE:JPM) prepares to unveil its second-quarter earnings on July 15, the financial world is bracing for a significant shift that reflects broader economic trends. Over the past year, rising interest rates and inflationary pressures have squeezed borrowers and heightened market volatility, factors that are expected to…

Kiplinger

Is Your Local Bank Closing? Why Branches Are Disappearing Nationwide

Major banks are closing branches across the U.S. Discover what's behind the trend and how it could affect your access to in-person banking.

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The Independent UK

John Lewis beats M&S and Ocado to be top of the shops for customer satisfaction

Waitrose and Greggs saw customer satisfaction levels fall significantly

The Independent UK

UK workforce exposed if global trade war intensifies, Bank warns

Households and businesses nonetheless remain resilient, and the UK banking system is equipped to support them if conditions worsen.

The Independent UK

Major bank fined £21m after allowing customers to register from Buckingham Palace and Downing Street

The FCA said Monzo’s financial fraud systems and controls ‘failed to keep pace’ with its rapid growth in customers numbers in recent years.

The Guardian - UK

Monzo fined £21m after customers used No 10 and Buckingham Palace as addresses

FCA finds digital bank failed to employ adequate controls when signing up new clients

The Guardian - AU

Afternoon Update: RBA’s surprise decision; how world reported mushroom verdict; and Valerie the dachshund’s new job

The decision came as a shock to financial markets and a large majority of experts who were sure the RBA board would cut interest rates for a second straight meeting

The National (Scotland)

Business confidence in Scotland at highest level in eight months

BUSINESS confidence has risen to its highest level in eight months, according to a Royal Bank of Scotland (RBS) survey ...

Benzinga

U.S. Bancorp To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

1 … 12 13 14 15

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