Financials

Goldman has agreed to pay the government of Malaysia $2.5 billion and to guarantee that it gets at least $1.4 billion in proceeds from assets that have been seized around the globe.

American Express, which earned $257 million in the second quarter, said cardholder spending hit bottom in April before improving in May and June.

IAG's finances have been strained by the pandemic, leading to media speculation that it could need to raise new equity

Blackstone Group Inc.'s second-quarter results rebounded as the surging stock market lifted the value of the private-equity giant's portfolio.

Threats to cyber security has been a topic of rising tensions between the U.S. and China

BlackRock reported a 22 percent jump in second-quarter profit.

Charles Schwab added 552,000 new brokerage accounts in the second quarter as total client assets swelled 11 percent to $4.11 trillion.

Morgan Stanley posted a 45% rise in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic whipsawed global financial markets since March.

Net income of $3.5 billion, or 37 cents a share, still topped the 27-cent average estimate from analysts surveyed by Refinitiv. Both JPMorgan Chase and Citigroup posted double-digit profit declines earlier this week after shoring up reserves.

During the rout in stock markets across the globe in March, UBS’ richest customers took out loans to place billions into crashing stock markets.

Historically-low mortgage rates are helping banks generate revenue amid the COVID-19 pandemic.

The spread of the novel coronavirus around the globe and the resulting economic slowdown have pummeled the banking industry and raised concerns about loan defaults by consumers and big businesses alike.

The San Francisco-based bank lost $2.38 billion in the second quarter as the novel coronavirus continued to pummel the economy. It was the bank’s first loss since the fourth quarter of 2008.

Double-digit growth in stock and bond trading fueled the New York-based bank's revenue gains as investors nationwide moved money to safer assets and took advantage of market volatility. 

JPMorgan Chase reported better-than-expected results. Citigroup earnings per share were also better than expected, while Wells Fargo reported a net loss of $2.4 billion.

A late day reversal hits stocks hard ahead of bank earnings out tomorrow.

China’s banks should brace for a big jump in bad loans due to coronavirus-induced economic pain, the financial regulator said on Saturday, noting the deterioration of asset quality at some small and mid-sized financial institutions was accelerating.

Mazars USA holds Trump's tax returns that Manhattan District Attorney Cy Vance and others are trying to obtain.

The Paycheck Protection Program helped small businesses avert mass layoffs and kept small businesses afloat during the coronavirus pandemic. It may also be a revenue windfall for banks.

The bank, which is said to have had a major role in Epstein’s financial affairs, previously said it regretted its ties to the deceased, accused sex-trafficker.