Bank of America Corp
Crypto industry gets quick return on Trump investment after pouring millions into campaign
FRANCE – 2025/01/20: In this photo illustration, Trump Meme , Trump the Crypto president, is seen displayed on a smartphone screen. (Photo Illustration by Romain Doucelin/SOPA Images/LightRocket via Getty Images) Romain Doucelin | Getty Images Crypto executives, companies and investors are getting an early return on their investment in Donald Trump. After pouring tens of […]
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SEC revokes unpopular banking rule that blocked Wall Street banks from adopting crypto
Avishek Das | Lightrocket | Getty Images After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets. The guidance was a major deterrent to Wall Street banks owning bitcoin — […]
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Trump crypto plans have Wall Street CEOs ready to jump into digital assets
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images Just days into President Donald Trump’s second administration, Wall Street is singing […]
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Goldman says it’s not too late to move out of cash to nab more yield. Here’s what it likes
It is not too late to start thinking about moving out of short-term cash instruments and into longer-duration bonds, according to Goldman Sachs Asset Management. Investors have been enjoying solid yields on their cash , although those payouts are down from recent highs. The Crane 100 Money Fund Index , which is based on the […]
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Trump just took a shot at Bank of America. Here’s what he’s talking about
Key Points President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives. Both banks deny the accusations, which Trump and others in his orbit have repeated in recent months. The accusations may have roots in allegations from state attorneys general last year. Source
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Watch live: Trump addresses Davos, global markets respond
(The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a video above at that time.) WASHINGTON — President Donald Trump addressed the World Economic Forum in Davos, Switzerland, virtually on Thursday, his first major appearance at an international event since he returned to the White House […]
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Morgan Stanley CEO Ted Pick says bank will work with U.S. regulators on offering crypto
Morgan Stanley CEO Ted Pick said Thursday that his bank will be working with U.S. regulators to examine whether it can deepen its involvement in cryptocurrency markets. Pick was asked about his views on digital currencies under the pro-crypto Trump administration. On Tuesday, the acting head of the Securities and Exchange Commission launched an effort […]
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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm for digital […]
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CNBC Daily Open: China’s GDP meets official target, Apple has worst day in months
The sign of the 7th China International Import Expo is seen with the skyline of the Lujiazui Financial District in the background on Nov. 2, 2024, in Shanghai, China. VCG | Visual China Group | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up […]
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CNBC Daily Open: Apple’s fall overshadows positive bank earnings
An Apple Store in the Jiefangbei commercial district, adorned with a golden apple and snake motif to celebrate the Chinese Year of the Snake, on Jan. 14, 2025 in Chongqing, China. Cheng Xin | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open […]
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