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Bank of America profit beats on boost from interest income, investment banking By Reuters
© Reuters. FILE PHOTO: A sign for a Bank of America office is pictured in Burbank, California August 19, 2011. Bank of America Corp plans
Big Banks' Earnings Had Some Bad News for Smaller Banks
Regional lenders due to report results this week will likely be hit harder by rising deposit costs. Source link
Binance Cuts Back Employee Benefits, Citing Decline in Profit
The company told staffers that it would stop offering mobile-phone reimbursement, fitness reimbursement and work-from-home expenses, among other items. Source link
Hong Kong Is Bullish on Crypto. Its Banks Aren't So Sure.
Crypto CEOs used to talk about disrupting the financial system. Now some of them are struggling to find a bank. Source link
SEC's Crypto Strategy Stumbles in Ripple Case
A federal judge has ruled that some sales of the XRP token aren’t covered by a 77-year-old Supreme Court test that created a definition for
Unions Park Their Cash at This Bank. Will They Stick Around?
Amalgamated has big paper losses and a large number of uninsured deposits. Source link
U.S. Virgin Islands Seeks $190 Million From JPMorgan Over Epstein Suit
The U.S. Virgin Islands filed the lawsuit last year alleging that the bank ignored red flags about Jeffrey Epstein’s behavior because he was bringing in
Binance Lays Off Over 1,000 Employees
The giant crypto exchange, is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and
FTX Sues Over European Unit Deal, Seeking to Recover $323 Million
FTX filed a lawsuit on Wednesday against former managers of a Swiss business the bankrupt cryptocurrency exchange had acquired, looking to claw back at least