They played second fiddle to private equity and hedge funds for years, but 2026 is shaping up to be “the year of the bank,” one consultant said.
Category: Banking and Financial Institutions
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Thousands of Miles From the Iran War, Asia’s Currencies Feel the Strain
Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
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The Banks That Won a Piece of SpaceX’s Colossal I.P.O.
Across Wall Street, bankers have been clamoring to lead what is expected to be the biggest-ever initial public offering.
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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting
A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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A FOMO Moment for Mythos
Those without access to Anthropic’s artificial intelligence model worry they’re more vulnerable to cyber attacks, a concern the company is seeking to address.
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Mamdani, the ‘Tax-the-Rich’ Mayor, Meets With Titans of Finance
Mayor Zohran Mamdani, who has angered some corporate executives with his tax policies, has had a recent series of meetings with top business leaders.
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Edmund Phelps, Who Upended the Way We View Inflation, Dies at 92
He won a Nobel in 2006 for challenging the conventional wisdom among economists that higher inflation was a necessary price to pay for low unemployment.
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As Powell Steps Down, the Fed Confronts ‘Regime Change’
Jerome H. Powell is passing the chair’s baton to Kevin M. Warsh at the Federal Reserve, an institution that President Trump’s pick says needs an overhaul.
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Senate Confirms Kevin Warsh as Fed Chair
President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently.
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Anthropic and Wall Street Giants Join Forces to Create New A.I. Firm
Blackstone and Goldman Sachs are among the investors in the new firm, which will help integrate Anthropic’s A.I. model Claude into their systems.
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Fed Officials Cite Inflation Concerns in Defending Dissents
The Federal Reserve’s meeting this week was the most divisive in decades, a sign that President Trump’s pick to lead the central bank will face opposition if he pursues substantially lower interest rates.
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Where in the World Is All That Gold Stored?
As central banks buy more gold, where to put all that heavy metal is an increasingly important question. Reserves must be secure and ready to trade in a crisis.