The nation’s largest bank said it earned record trading profits in the first quarter but tempered expectations overall for its business.
Category: Banking and Financial Institutions
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Goldman Sachs Earnings Show Effects of Iran War
It will be a tricky earnings season, as the investment banking giant became the first to show on Monday.
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Banks Warned About Anthropic’s New, Powerful A.I. Technology
In an unusual move, the Treasury secretary and the Federal Reserve chair gathered bank executives to caution about cyberthreats posed by artificial intelligence.
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Bessent and Powell’s A.I. Anxiety
The Treasury secretary and the Fed chairman reportedly summoned banking leaders to discuss the potential systemic risks of Anthropic’s new model.
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White House and Crypto Industry Fight Bank Lobby Over Stablecoin Income
The Trump administration backed a proposal for stablecoin issuers to offer yield to investors.
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I.M.F. Says Iran War Will Drag Global Growth Lower
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
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Fed Minutes Show Officials in No Rush to Cut as Iran War Scrambled Outlook
The conflict in the Middle East has left the Federal Reserve braced for higher inflation, upending expectations about if officials will restart interest rate cuts.
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BNY and Robinhood Will Help Run ‘Trump Accounts’ for Children
The new tax-sheltered savings and investment accounts will start accepting deposits this summer.
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Jamie Dimon Cites Risks From War, Private Credit, Inflation and More
In his annual letter to shareholders, Jamie Dimon, the chief executive of JPMorgan Chase, said investors and businesses faced a series of challenges.
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Big Banks Seeking a Piece of SpaceX’s I.P.O. Must Subscribe to Elon Musk’s Grok
Mr. Musk is requiring Wall Street firms to purchase subscriptions to his A.I. chatbot if they want to advise on one of the largest initial public offerings in history.
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Blue Owl, Ailing Private Credit Firm, Reveals Even More Troubles
Investors in the struggling Wall Street lender put in record requests to get their money back.