Topic
U.S. Banks
16 stories related to this topic, newest first.
CBS Sportssports18 hrs ago
FBI Investigates Argentine Football Association Over Alleged Money Laundering
The FBI is examining more than $260 million moved through U.S. banks by the Argentine Football Association. The probe also covers an additional $57 million in transfers whose purpose remains unclear.
americanbanker.comfinance11 days ago
Crypto-Backed Lending Totals $67 Billion After 2022 Failures, Ledn Issues First Rated Bitcoin ABS
Silicon Valley Bank reported that bitcoin lending has grown to $67 billion after shifting toward overcollateralization and transparency following 2022 failures. Ledn issued the first investment-grade BTC-backed security for $188 million. Several major U.S. banks now offer bitcoin…
Fortunefinance24 days ago
Startup Raises $15 Million for WhatsApp-Based Credit Card Targeting Non-U.S. Clients
Miami-based Karta announced a $15 million Series A funding round and a $125 million debt facility. The company is developing a premium Visa card accessible primarily through WhatsApp for international clients holding assets in U.S. banks.
nationalpost.comworld30 days agoUpdated
Justice Department Investigating Whether Banks Discriminated Against Customers Based on Politics
The U.S. Justice Department has issued subpoenas to several of the largest U.S. banks seeking records on account closures that may have involved political considerations.
cointelegraph.combusiness34 days ago
Major U.S. Banks to Launch Shared Tokenized Deposit Network by Mid-2027 to Compete With Stablecoins
JPMorgan Chase, Bank of America, Citigroup and other lenders will launch a blockchain-based settlement system through The Clearing House to compete with stablecoins.
dnaindia.combusiness36 days ago
JPMorgan, Citi and Bank of America to Launch Shared Blockchain Deposit Network in 2027
Three major U.S. banks are developing a joint blockchain system to add crypto-like features to traditional deposits, with a target launch in mid-2027.
marketwatch.combusiness36 days ago
Major U.S. Banks Including JPMorgan and Citi Launch Tokenized Deposit System to Compete With Crypto
Several large U.S. banks will introduce a new tokenized deposit system designed to compete with cryptocurrency platforms.
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thegraphicsfairy.comfinance47 days ago
Banks close for Memorial Day while Bitcoin network operates continuously
U.S. banks will remain closed through Tuesday for the Memorial Day holiday. Bitcoin transactions continue without interruption during the same period.
BI
Fox Newspolitics50 days ago
Congressional Report Says U.S. Banks Underwrote Offerings for Chinese Battery Firm CATL
A House committee report states that JPMorgan Chase and Bank of America helped CATL raise capital through stock offerings after the Pentagon placed the company on its list of Chinese military-linked firms. The report says the banks conducted due diligence but accepted CATL's stat…
link.springer.comfinance64 days ago
Chinese Fuel Trader HY Energy Sues JP Morgan and Citigroup Over $40 Million in Blocked Payments
HY Energy filed two lawsuits in Chinese courts against the U.S. banks for failing to process transfers to China Oil and Petroleum Company Limited in 2023. The payments were blocked a year before the U.S. Treasury sanctioned the Hong Kong-based firm for ties to Iran's Islamic Revo…
medianama.comfinance72 days ago
U.S. Banks Seek Delay in Genius Act Implementation as Agora Applies for Bank Charter
Major U.S. banks have asked regulators for extended public comment periods before fully implementing the Genius Act, which would require stablecoin issuers to operate as banks. Banking groups also want to delay the law's rollout. Meanwhile, crypto firm Agora has filed for a natio…
smallbiztrends.comfinance78 days ago
U.S. Bank Commercial Loans Rise 7.4% as S&T Bancorp Reports Q1 Earnings Growth
Commercial and industrial loans from U.S. banks grew 7.4% year-over-year, the highest rate in three years, potentially indicating increased business investments or banks filling gaps left by private credit firms. S&T Bancorp reported Q1 2026 net income of $35 million, up 6% from…
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Substrate placeholder — needs reviewfinance84 days ago
Major Banks Report Strong Q1 Earnings Amid Iran War Volatility
Several large U.S. banks reported first-quarter earnings that met or exceeded expectations, driven by robust investment banking revenue despite geopolitical tensions from the Iran war. Executives highlighted strong dealmaking pipelines, though some noted temporary slowdowns in in…
Substrate placeholder — needs reviewfinance87 days ago
Major U.S. Banks Report Strong First-Quarter Profits Amid Trading Surge and Economic Risks
America's largest banks posted record first-quarter profits in 2026, fueled by elevated trading activity and investment banking fees. JPMorgan Chase led with revenue of $50.5 billion and earnings per share of $5.94, surpassing estimates. The bank's CEO highlighted a complex set o…
Substrate placeholder — needs reviewfinance87 days ago
Wall Street Trading Desks Report Record Revenues in First Quarter Amid Volatility
Trading desks at major U.S. banks generated $16.3 billion in stock trading revenue during the first three months of 2026, marking a 33% increase from the previous year. This figure surpasses levels seen during the 2020 pandemic and the 2008 financial crisis. The gains stem from h…
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Substrate placeholder — needs reviewfinance93 days ago
Strategas Analyst Chris Verrone Discusses Technical Indicators for Major Banks Before Earnings
Chris Verrone, a strategist at Strategas, appeared on CNBC's 'Fast Money' to analyze technical indicators for major U.S. banks ahead of their quarterly earnings reports. He examined chart patterns and market signals relevant to the financial sector. The discussion provides contex…