Banks
Wimbledon: Ben Shelton pleaded for extra time off for his sister at Morgan Stanley. It worked
Shelton’s girlfriend, U.S. soccer player Trinity Rodman, and his sister Emma applaud after Ben Shelton of the U.S. won his men’s singles third-round match against Marton Fucsovics of Hungary at the Wimbledon Tennis Championships in London, on Saturday, July 5, 2025. Alastair Grant | AP Photo Ben Shelton launched a public plea for his sister […]
Read More
Singapore monetary authority penalizes 9 banks, institutions for 2023 money laundering case
Buildings in Singapore, on Monday, Feb. 17, 2025. Nicky Loh | Bloomberg | Getty Images The Monetary Authority of Singapore penalised six banks and three other financial institutions a total of S$27.45 million ($21.5 million) on Friday in relation to the country’s biggest ever money laundering scandal in 2023. The case involved more than S$3 […]
Read More
Santander doubles down on UK presence amid Spain’s banking M&A turmoil
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images In one move, Santander has silenced months of speculation over it’s allegiance to the British high street – and complicated a year-long consolidation saga in Spain’s banking sector. On Tuesday, Spain’s […]
Read More
Banks say Trump’s ‘big beautiful bill’ could boost the U.S. economy – despite deficit concerns
The U.S. Capitol in Washington, D.C. Bloomberg | Bloomberg | Getty Images U.S. President Donald Trump’s “big, beautiful bill” — or officially, the One Big Beautiful Bill Act — is a controversial piece of legislation, but some banks are in favor of it, saying it’s the shot in the arm the economy needs. It was advanced […]
Read More
3 forces driving a record week for stocks as 7 portfolio names hit new highs
It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last […]
Read More
What’s driving Wall Street stablecoin interest? Trillions, and maybe biggest global money-moving shift since credit cards
After a brief pullback this week, shares of stablecoin issuer and recent IPO darling Circle were in rally mode again, soaring double-digits on a percentage basis in trading on Thursday, after having moved up by more than 600% percent since its debut on the New York Stock Exchange earlier this month. Bitcoin and ether have […]
Read More
Bank investors bet on looser regulation under Trump. They are starting to see it
The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio, […]
Read More
Divided Fed proposes rule to ease capital requirements for big Wall Street banks
The New York Stock Exchange in lower Manhattan on Nov. 24, 2020 in New York City. Spencer Platt | Getty Images News | Getty Images The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate, drawing dissent from at least two officials who say the […]
Read More
Deutsche Bank’s CEO is doubling down on defense investment
Deutsche Bank is doubling down on defense investment as a broader European drive to rearm unlocks fresh capital in the region. Speaking to CNBC’s Annette Weisbach at the Tag der Industrie conference in Berlin on Monday, Deutsche Bank CEO Christian Sewing said that the German lender has increased its exposure to the defense industry to […]
Read More
Fiserv debuts bank-friendly stablecoin as fintechs join digital dollar race
Jakub Porzycki | Nurphoto | Getty Images Fiserv is making a big entrance into the stablecoin market. The payments and fintech giant announced on Monday plans to roll out a new blockchain-based digital asset platform anchored by a U.S. dollar-pegged stablecoin called FIUSD — a product it hopes will bring thousands of banks and millions […]
Read More