banking News
Goldman Sachs Retreats from Consumer Banking, Offloads Apple Card to Chase
The investment banking giant is transferring its partnership with Apple to JPMorgan Chase after facing significant losses and strategic pressures in its consumer division.
JPMorgan Wins Apple Card Deal, Taking Over From Goldman Sachs
The deal marks a major expansion of JPMorgan's consumer credit portfolio and a strategic exit for Goldman Sachs from its troubled Main Street banking venture.
Barclays Enters Stablecoin Arena with Strategic Investment in Ubyx
Move to back US settlement firm Ubyx signals a growing trend of traditional finance giants embracing digital asset infrastructure.
UBS Shares Dip as Executive Departures Signal Deeper Integration Cuts
A veteran's exit in Asia and a new wave of layoffs underscore the challenges facing the Swiss lender as it pushes to realize $13 billion in savings from the Credit Suisse merger.
Investment Banks Eye IPO Market Rebound as Discord Taps GS, JPM for Listing
The planned offering for the popular chat platform could signal a turning point for the dormant tech IPO market, a critical revenue stream for Wall Street's top underwriters.
Morgan Stanley Files for Spot Bitcoin and Solana ETFs
Banking giant's move to launch its own crypto investment products signals deepening institutional adoption and follows strong market inflows.
Bank OZK Boosts Dividend for 62nd Straight Quarter, Signals Strength
The regional lender increased its quarterly payout by 2.2% to $0.46 per share, underscoring confidence in its balance sheet amid sector-wide scrutiny.
Citigroup Takes $1.2B Hit to Finalize Russian Market Exit
Sale of remaining operations to Renaissance Capital for a Q4 loss marks the end of a multi-year retreat and removes a significant geopolitical overhang for the bank.