All articles tagged with #banking
Originally Published 3 days ago — by Reuters
U.S. banks, especially JPMorgan, are considering re-entering Venezuela's market due to potential opportunities in oil and infrastructure, despite ongoing sanctions and political instability, with JPMorgan potentially leveraging its historical presence and existing infrastructure in the country.
Originally Published 14 days ago — by Fortune
Oleg Tinkov, a Russian banking billionaire, claims that a single Instagram post criticizing the Ukraine war led to his forced sale of his bank stake at just 3% of its value, costing him nearly $9 billion, as part of a broader pattern of Kremlin coercion and suppression of dissent among Russian elites.
Originally Published 15 days ago — by Bloomberg.com
The article discusses the resurgence of traditional banks in the lending market as regulatory restrictions ease, allowing them to compete more effectively against private credit firms, which have previously gained an edge. Major banks like JPMorgan and Wells Fargo are expanding their loan portfolios, narrowing the gap with alternative asset managers, amid a shifting regulatory landscape and industry rivalry.
Originally Published 17 days ago — by CBS News
The day after Christmas, December 26, 2025, is a regular business day for most U.S. retailers, the stock market, banks, and the postal service, with many stores open for returns and exchanges, and the stock market operating during normal hours.
Originally Published 19 days ago — by NBC News
The potential reclassification of cannabis from Schedule I to Schedule III by the federal government could significantly improve access to banking, loans, and payment processing for dispensaries, helping to legitimize the industry, reduce security risks, and foster growth and research. This change aims to address longstanding legal, financial, and tax challenges faced by cannabis businesses, which have been limited by federal restrictions despite growing state-level acceptance and revenue.
Originally Published 21 days ago — by AP News
A major cyberattack, likely a DDoS, disrupted France's postal service and banking operations just days before Christmas, causing delays and service outages amid ongoing concerns about cyber warfare involving Russia and other foreign actors.
Originally Published 21 days ago — by Financial Times
HSBC has appointed a former Citi executive who previously clashed with Andy Sieg, as part of its strategic hiring efforts.
Originally Published 21 days ago — by ABC News
A suspected cyberattack involving a DDoS incident disrupted France's La Poste postal service and La Banque Postale banking during the Christmas season, causing delays in mail delivery and online banking services, though customer data remained unaffected.
Originally Published 1 month ago — by Business Insider
Citi announced the promotion of 276 employees to managing director in 2025, marking the smallest class since 2020, with a focus on markets, banking, wealth, and services, reflecting the bank's strategic growth and restructuring efforts.
Originally Published 2 months ago — by The Washington Post
Wall Street is experiencing its best run in years due to deregulation efforts by regulators under the Trump administration, which aim to relax banking rules and boost profits. However, some experts warn that this overexuberance and easing of safeguards could lead to increased risks, potential market corrections, and financial instability, especially as valuations are already high and credit conditions tight.
Originally Published 2 months ago — by The New York Times
Jamie Dimon, CEO of JPMorgan Chase, reached out to mayor-elect Zohran Mamdani to keep communication open, despite previous criticisms of his policies. Dimon expressed hope that Mamdani would grow into the role and emphasized the importance of New York City remaining competitive, while also discussing issues like income inequality and city business trends.
Originally Published 2 months ago — by Financial Times
US bank deals have surged as regulators from the Trump era expedite approvals, indicating a possible shift in regulatory pace and policy in the financial sector.
Originally Published 2 months ago — by Financial Times
HSBC's profits declined by 14% due to a provision related to a lawsuit involving Madoff, reflecting challenges in the banking sector.
Originally Published 2 months ago — by Investor's Business Daily
Huntington Bancshares announced a $7.4 billion deal to acquire Cadence Bank, expanding its footprint across 21 states and creating a bank with $276 billion in assets. The acquisition, expected to close in early 2026, will boost Huntington's earnings and market share in Texas, with Cadence's CEO joining Huntington's board. This deal is part of a broader trend of regional bank consolidations.
Originally Published 2 months ago — by CNBC
Huntington Bancshares is set to acquire Cadence Bank in a $7.4 billion all-stock deal, creating a top-ten U.S. bank with expanded reach across 21 states and a focus on high-growth markets, aiming to enhance earnings and competitiveness.