Banks
Walmart-backed fintech OnePay is bringing crypto to its banking app, sources say
Key Points OnePay, the fintech firm majority-owned by Walmart, will soon offer cryptocurrency trading and custody on its mobile app, CNBC has learned. OnePay will offer customers access to bitcoin and ether later this year with help from the startup Zerohash. By allowing OnePay users to hold bitcoin and ether in their mobile app, customers could […]
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New signs of a dealmaking comeback: What it means for Goldman Sachs investors
The rebound in Wall Street dealmaking is undeniable. And, for Goldman Sachs , that’s undeniably bullish. Investors got two new reasons to be optimistic about the Club stock this week: Goldman was tapped as a financial advisor in the massive deal to take video game publisher Electronic Arts private, and smaller investment bank Jefferies posted its […]
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Here’s JPMorgan Chase’s blueprint to become the world’s first fully AI-powered megabank
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co. speaks during an event honoring local construction workers who helped build the firm’s new headquarters at 270 Park Avenue, in the Midtown area of New York City, U.S., Sept. 9, 2025. Shannon Stapleton | Reuters Deep within the bowels of JPMorgan Chase’s data […]
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UBS says Swiss capital plan ‘disproportionate’, would weaken bank and economy
A sign in German that reads “part of the UBS group” in Basel on May 5, 2025. Fabrice Coffrini | AFP | Getty Images UBS <UBSG.S> on Tuesday said government plans for Switzerland’s biggest bank to hold more capital were “disproportionate” and “out of touch with reality”, as it stepped up its campaign against the […]
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Wealthfront files for IPO, joining wave of fintech firms going public in 2025
Key Points Wealthfront, the startup that helped popularize the robo-advisor style of automated investing, filed for a U.S. initial public offering Monday. It’s the latest in a wave of fintech firms going public this year after the likes of Chime and Klarna. Source
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Why an analyst downgrade of Wells Fargo does not change our conviction in the stock
Wells Fargo shares have more in the tank despite a downgrade from Wall Street analysts, according to Jim Cramer. The news Morgan Stanley analysts on Monday lowered their Wells Fargo rating to an equal weight hold from an overweight buy. They cited a lack of catalysts for the stock now that Wells Fargo’s $1.95 trillion […]
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Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase
US businesswoman Charlie Javice (L), founder of Frank, arrives for her sentencing hearing at federal court in Manhattan on Sept. 29, 2025, in New York City. Timothy A. Clary | AFP | Getty Images Charlie Javice, founder of a startup acquired by JPMorgan Chase in 2021 for $175 million, is facing sentencing Monday for defrauding the bank by overstating […]
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European banks seize on region’s nascent stablecoin market with new launch
A growing number of voices have warned about the impact that a “run” on stablecoins could have on traditional financial markets. Just_super | Istock | Getty Images Plans by a consortium of European banks to launch a new stablecoin could draw the region’s crypto-averse investors into the digital assets fold — and potentially speed up […]
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UK bank bosses demand policy stability ahead of critical budget
The City of London financial district at sunrise. Alexander Spatari | Moment | Getty Images Bank chiefs in London are calling for greater policy clarity and stability amid fears that looming tax hikes in the forthcoming U.K. budget could hit the financial services sector. Speaking with CNBC’s Steve Sedgwick and Ritika Gupta in London’s Canary […]
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