Banks

“I think it’s cyclical,” offers Elizabeth Banks. “Everything has its moment, goes away, and comes back.” The wildly prolific actress, who’s appeared in everything from Wet Hot American Summer and the original Spider-Man films to The 40-Year-Old Virgin and The Hunger Games franchise, is talking about the YA craze she found herself smack in the middle of about a decade ago, when horny tween vampires and a bow-wielding female revolutionary dominated the zeitgeist. Toy fads don’t seem so cyclical. Their appeal is…

Michael Barr (L), Vice Chair for Supervision at the Federal Reserve and Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testify about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. (Photo by SAUL LOEB / AFP) (Photo by SAUL LOEB/AFP via Getty Images)Saul Loeb | Afp | Getty ImagesU.S. regulators on Thursday unveiled a sweeping set of proposed changes to banks' capital requirements to address evolving…

Too Long; Didn't ReadAs a result of surveys, we see that most crypto bank products appeal to higher-than-banked returns. Another part offers high-yield strategies in exchange for a deep dive into high-risk financial instruments. At the same time, most of the crypto audience interested in cryptocurrencies are people with minimal amount of free money (up to $100/month) and high fear of losing it. They do not want to learn market instruments and at the same time dream of making cryptocurrency their main source of income.…

Boat has expanded its product portfolio with the launch of Energyshroom, a new series of power banks which claim to have a charging speed of up to 22.5W. Boat’s new range of power banks comes with two versions, the Energyshroom PB300, and Energyshroom PB400.Price and availabilityThe Energyshroom PB300 is priced at Rs 999 and is available for purchase from Flipkart and Boat websites in Carbon Black and Steel Blue colour options.The Energyshroom PB400 is priced at Rs 1,499 and is available for purchase from Flipkart and…

Wells Fargo building in San Francisco.Source: CNBCWells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock.The company also said its board of directors approved a previously announced dividend increase, to 35 cents per share from the previous 30 cents. The sum is payable on Sept. 1 to shareholders of record on Aug. 4.Wells Fargo's stock rose more than 3% in extended trading Tuesday.The moves come after the bank beat second-quarter earnings and revenue expectations, driven by a 29%…

Mary Callahan Erdoes, chief executive officer of asset management at JPMorgan Chase & Co.Simon Dawson | Bloomberg | Getty ImagesJPMorgan Chase executive Mary Callahan Erdoes sought advice for a $600 million tax issue from disgraced former financier Jeffrey Epstein in 2005, legal filings alleged.Erdoes, a veteran JPMorgan executive who became head of the bank's asset and wealth management division in 2009, "personally sought" help from Epstein to resolve the massive tax issue, according to court documents the U.S.…

A former Morgan Stanley financial advisor has been sentenced to more than seven years in prison after admitting he ran a $7 million Ponzi scheme at the firm for more than a decade.But even though the scam targeted Morgan Stanley clients and the advisor admitted using a Morgan Stanley product to carry it out, the firm has fought efforts to hold it responsible.Victims say not only has Morgan Stanley resisted their efforts to recover money from the firm, it is also continuing to hold them responsible for lines of credit that…

Goldman Sachs on Wednesday posted profit below analysts' expectations amid write-downs tied to commercial real estate and the sale of its GreenSky lending unit.Here's what the company reported:Earnings: $3.08 a share vs. $3.18 a share Refinitiv estimateRevenue: $10.9 billion, vs. $10.84 billion estimateSecond-quarter profit fell 58% to $1.22 billion, or $3.08 a share, on steep declines in trading and investment banking and losses related to GreenSky and legacy investments, which sapped about $3.95 from per share earnings.…

CEO of Morgan Stanley James Gorman speaks in New York, May 6, 2014.Getty ImagesMorgan Stanley on Tuesday posted second-quarter earnings and revenue that topped analysts' expectations, helped by record wealth management results.Here's what the company reported:Earnings: $1.24 a share vs $1.15 per share Refinitiv estimateRevenue: $13.46 billion vs. expected $13.08 billionrelated investing newsThe bank said profit declined 13% to $2.18 billion, or $1.24 a share, on lower trading results from a year ago and a round of layoffs…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Tuesday's key moments. Watch Morgan Stanley Hold Eli Lilly Buy Ford 1. Watch Morgan Stanley Bank stocks climbed higher Tuesday, as Club holding Morgan Stanley (MS) delivered an earnings beat. Equities more broadly were mixed in late morning trading, with the S & P 500 up 0.34% and the Nasdaq Composite down 0.15%. "My conviction is that Morgan Stanley stock goes higher," Jim Cramer said…