banking industry

Major U.S. banks, including JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Co (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup Inc (NYSE:C), and State Street Corp. (NYSE:STT), are scheduled to release their second-quarter earnings results on Friday, July 14. Bank Earnings Season Has Begun...

The relationship between the cryptocurrency and banking industries seems to be under strain once again, following a Twitter poll initiated by Brian Armstrong, CEO of Coinbase Global Inc. (NASADAQ: COIN), questioning whether Bank of America Corp. (NYSE: BAC) is closing accounts linked...

Depositors of Silicon Valley Bank (NASDAQ: SIVB) will have access to all their money starting Monday, according to regulators. The Federal Reserve Board, Federal Deposit Insurance Corporation (FDIC), and Treasury Department in a joint statement said that the FDIC will complete its...

Would the adoption of digital currency, such as Bitcoin, solve central banks' problems? Probably not, said Bloomberg View columnist Leonid Bershidsky. Central banks are mulling to get paper currency out of people's hands due to money laundering issues and negative rates. Bershidsky recalled that in...

Financial stocks are mostly lower on Friday, a trend that investors have seen almost all week. With two hours of trading remaining on Friday, the Financial Select Sector SPDR Fund (NYSE: XLF) erased its early morning losses and was trading higher by just 0.17 percent. At the close, the ETF was up 0...

Fintech has burst onto the scene in the past decade to challenge the status quo of the banking industry. While many companies have begun to pose serious threats to traditional banks, other fintech startups have relied upon suspect business models and reckless lending and spending. The Chinese...