"We would probably still update investors quarterly with much less stuff," JPMorgan Chase (NYSE:JPM) Chairman and CEO Jamie Dimon said on Tuesday. Last month, Securities and Exchange Commission Chair Paul Atkins said the agency would fast track President Donald Trump's ...

Real-World Assets RWA Tokenization Tokenized Real Estate, binance research. Photo by BeInCrypto BNY Mellon confirmed it is exploring tokenized deposits to let clients move money on blockchain rails. The initiative is part of its plan to modernize a $2.5 trillion-a-day payments network. The pilot aims to show how regulated deposits can settle in seconds instead of days, without leaving the banking system’s protection. BNY Explores Tokenized Deposits Amid Evolving Policy Frameworks Earlier this year, the ...

Key Takeaways Fifth Third will acquire Comerica in an all-stock deal worth $10.9 billion, closing in early 2026.The impending merger expands FITB's footprint to 17 of the 20 fastest-growing U.S. markets. FITB targets $850M in annual cost synergies and expects the deal to lift EPS 9% by 2027. In one of the most consequential banking moves of 2025, Fifth Third Bancorp ((FITB) entered a definitive merger agreement to acquire Comerica Incorporated ((CMA) in an all-stock transaction valued at $10.9 billion. The ...

Jefferies analyst David Chiaverini highlighted five possible deals that would lead to the highest increases in profit for the players. ...

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The FCA confirmed it will compensate customers who were treated ‘unfairly’ in cases where car salesmen were paid unreasonably high commissions - Monty Rakusen Millions of motorists will be eligible for compensation payouts worth £700 each over the car finance scandal, the City watchdog has ruled. The Financial Conduct Authority (FCA) on Tuesday said it estimated that 14.2 million drivers were eligible for up to £11bn in payouts under a redress scheme to compensate drivers who were mis-sold car loans. Th ...

(Bloomberg) -- JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he would welcome proposed changes that would ease US Securities and Exchange Commission requirements for quarterly earnings reports.  “The bigger problem wasn’t just reporting quarterly,” Dimon said Tuesday in an interview on Bloomberg TV. “It was forecasting, where CEOs get their back up against a wall. They have to meet these things — earnings — and then they start doing dumb stuff to meet earnings, and that kind of public pres ...

In a bid to align Indian banks’ provisioning standards with those of global banks, the Reserve Bank of India (RBI) today proposed replacing the incurred-loss-based provisioning framework with an expected credit loss (ECL)- based provisioning framework. The draft norms on asset classification, provisioning and income recognition will be applicable to universal banks, effective April 1, 2027.The key elements of the proposed framework include the introduction of staging criteria for asset classification under ...

Investors with an interest in Banks - Foreign stocks have likely encountered both Banco Santander (SAN) and Nordea Bank AB (NRDBY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimat ...

Key TakeawaysFormer President Donald Trump has intensified his rhetoric on trade, particularly targeting the auto industry and Canada, threatening increased tariffs on Canadian-made cars and criticizing existing concessions on steel and aluminum.The Energy Information Administration (EIA) has issued updated forecasts for 2025 and 2026, projecting slight increases in global and U.S. oil and natural gas production and demand, while also indicating that OPEC+ is expected to maintain production below official t ...