JPMorgan mulls crypto-backed loans amid regulatory shift
JPMorgan Chase is considering offering loans backed by cryptocurrency holdings such as bitcoin and ethereum as…
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Bank of America
Egypt likely to maintain interest rates – Bloomberg
Egypt is expected to maintain interest rates at a record high, aiming to curb inflation before initiating its first…
UK most favourable European stock market by far – BofA survey
Britain's stock market has surged in popularity among European investors, as revealed by a Bank of America survey.
China breaks records with $14b in offshore convertible bonds
Chinese major companies have set a new record in the offshore convertible bond market by raising $14 billion in…
Foreign lenders eye Swiss market post UBS-Credit Suisse deal
As Credit Suisse fades into history following its takeover by UBS, global banks are expanding their presence in…
Goldman Sachs to double lending to ultra-wealthy clients
Goldman Sachs plans to significantly increase its lending to ultra-wealthy private bank clients over the next five…
Bank of America relocates to Dubai
A senior Bank of America Corp. dealmaker is relocating from London to Dubai to boost efforts in the Middle Eastern…
China’s CITIC cuts banker pay at CLSA
China's CITIC Securities is slashing base salaries for over 100 bankers at its Hong Kong-based platform, CLSA.
US markets on hold ahead of crucial inflation data
US markets are in a holding pattern as investors brace for this week's key inflation releases.
Choose France Summit to draw €15b in foreign investment
The annual ‘Choose France’ summit, aimed at attracting foreign investment, is set to bring in 15 billion euros…
Yen benefits from slowing global financial stress
Slowing financial stress on a global scale has made the yen-financed carry trades more attractive, which might risk…
CBE mourns prominent bankers Hatem Sadiq, Gamal Muharram
With deep regret and sorrow, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, and his deputies mourn the…
Bank of America’s unrealized losses on securities hit $131.6 bln in Q3
Bank of America's( BofA) unrealized losses on securities increased to $131.6 billion on securities held until…
BofA expects oil price at $90/ barrel in 2024
Bank of America (BofA) Global Research has revealed on Wednesday its latest Brent crude oil price forecasts for…
Bank of America opens branch in Luxembourg
Bank of America (BofA) has opened a new branch in Luxembourg on Tuesday, as the bank works on expanding its…
Bank of America’s earnings increase, exceeding expectations
Bank of America (BofA) has reported on Tuesday a 15 percent increase in its first quarter profits, exceeding…
US banks save up reserves after First Republic Bank rescue
JPMorgan Chase and Co, Wells Fargo & Co, Citigroup Inc and Bank of America are setting $100 million each in Q1…
BofA expects US economy to fall in Q2
Bank of America (BofA) has warned that the U.S. economy could shrank in the second quarter, after an economic data…
BofA’s planning app gains $55bln since rocky launch
Bank of America Corp (BofA)’s personal financial planning app, Life Plan, has gained over $55 billion, and had 10…
JPMorgan, other U.S. banks flooded with clients post SVB crash
A huge number of customers have applied to shift accounts to large U.S. banks such as JPMorgan Chase &Co. and…
BoA CEO sees U.S. technical recession by Q3
Bank of America CEO Brian Moynihan said on Tuesday that the American economy would reach a technical recession by…
Fed may raise policy rates to 6% – BofA
U.S. Federal Reserve may raise the interest rate to around 6 percent according to global research from the Bank of…
Canadian inflation declines to 5.9% in January
Canada’s inflation shows a decline by 5.9 percent in January, according to data released on Tuesday, allowing the…
EFG Hermes names ex BofA banker as head of Saudi Arabia operations
Egypt's investment bank EFG Hermes announced on Sunday it had appointed Saud Altassan from Bank of America (BofA)…
Bank of America pledges $1 billion to address racial, economic inequality
Bank of America Corp pledged $1 billion to help communities across the country address economic and racial…
Bank of America’s profits decline 45% in Q1, braces for big loan losses
Bank of America sees 45% slump in profits during first quarter as the company set aside $3.6 billion for loan loss…
Consumer is doing well and will keep US economy going: Bank of America CEO
Bank of America CEO Brian Moynihan is not worried about a potential U.S. economic slowdown, saying the American…
Bank of America raises its year-end S&P 500 target
Bank of America Merrill Lynch has become on Tuesday the latest major Wall Street firm to raise its near-term…
Bank of America to slash Asia investment banking jobs: sources
Bank of America is set to reduce about two dozen investment banking jobs in Asia, including some top dealmakers,…
Egyptian stock market chief in U.S. to allure new investments
Egyptian stock market chief, Mohamed Omran will take part in the Capital Market and Emerging Market Roundtable…
Bank of America revs up auto loans business despite warning signs
Bank of America (BAC.N) is making a big push into auto lending just as regulators are sending warning signals,…
Wall Street stocks surge on optimism from China data, bank earnings
Wall Street edged higher Tuesday morning after China's slowest annual growth rate in 25 years raised hopes of…
Bank of America CEO fights to remain chairman
Bank of America Chief Executive Brian Moynihan has the look of a winner — one who went through the wringer. Betting…
Wall Street Rises for 7th Week, But Ends off Its Highs
The Dow and S&P 500 closed a seventh straight weekly advance on Friday as a better-than-expected jobs report…
Bank Of America Shares To Rise 50 Percent In Three Years: Barron’s
Bank of America Corp (BAC.N), the second-largest U.S. bank by total assets, could see its shares climb 50 percent…
Bank Of America Ordered To Pay $1.27 Billion For ‘Hustle’ Fraud
A federal judge on Wednesday ordered Bank of America Corp (BAC.N) to pay a $1.27 billion penalty for fraud over…
Bank of America Expects Continued EGP Depreciation
Bank of America has forecast continued depreciation for the Egyptian pound for the near-term, after the currency…
Bank Of America To Pay $9.3 Billion To Settle Mortgage Bond Claims
Bank of America agreed to pay $9.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty mortgage…
Bank Of America Disputes $2.1 Billion Claim In U.S. Fraud Suit
Bank of America Corp (BAC.N) said it does not owe the U.S. government the $2.1 billion it is seeking in penalties…