Tag Archives: Bank

(Reuters) -Bank of America said on Wednesday its board has authorized a $40 billion stock repurchase program. The new buyback program, which will take effect on August 1, will replace the current authorization, which had about $9.1 billion in repurchases remaining as of June 30, the bank said. The biggest U.S. lenders have enough capital to withstand a hypothetical severe …

PNC taps Coinbase to create crypto trading offering for bank customers  Reuters Coinbase and PNC to work together as crypto reaches for Main Street  Yahoo Finance PNC, Coinbase strike partnership for digital asset solutions (PNC:NYSE)  Seeking Alpha PNC strikes deal with Coinbase to bring cryptocurrency services to banking customers  The Block PNC to offer crypto trading as it expands beyond regional roots  Financial Times Source …

By Hannah Lang (Reuters) -PNC Bank is working with cryptocurrency exchange Coinbase to offer crypto trading to the bank’s customers, the companies said on Tuesday, in a sign that crypto is moving toward becoming increasingly interconnected to mainstream finance. PNC will use Coinbase’s institutional “crypto-as-a-service” platform to develop an offering that will allow PNC clients to buy, hold and sell …

Bessent calls for deeper US bank regulatory reforms, scrapping dual capital requirements  Reuters Wall Street to trump Main Street with new bank rules  Financial Times The new proposal to adjust GSIB leverage ratios is progress — but it may not go far enough. In his latest BankThink, Allen Puwalski, CFA – Managing Partner & CIO at Cybiont Capital, LLC explains why excluding …

Prime Day has come and gone, but power bank stalwart Anker still has some compelling deals to keep your devices charged while on the go. Among these is the , which carries 25,000mAh of portable power. It features three 100W USB‑C ports, two of which have retractable USB‑C cables built in so you don’t have to remember your own in …

US banking groups have urged the country’s banking watchdog to postpone its decision on crypto companies’ bank licenses until more details about their plans are public, claiming that allowing the bids would be “a fundamental departure” from current policy. The American Bankers Association and other bank and credit union trade groups said in a letter to the Office of the …

Buffett continues to favor this stable source of revenue for Berkshire Hathaway’s portfolio. Warren Buffett’s tremendous success as an investor didn’t come from trying to time the market, nor from predicting which stocks would go up or down in the near term. Those are impossible tasks, he has noted on multiple occasions. Instead, the primary thing that Buffett and his …

When it comes to government-backed small business loans, a little known $14 billion tech-focused bank in North Carolina called Live Oak dominates. Unfortunately Wall Street pays it no respect. Ifsmall business is the beating heart of the American’s $30 trillion economy then it might be surprising to find out that the lifeblood it counts in the form of funding via …

Bank of America (BAC) expects to launch its own stablecoin, following in the footsteps of JPMorgan and Citigroup. The bank’s CEO, Brian Moynihan, spoke about the development on Wednesday but did not give a timeline on the potential stablecoin launch. JUST IN: 🇺🇸 Bank of America expects to launch a crypto stablecoin, Reuters reports. — Watcher.Guru (@WatcherGuru) July 16, 2025 …

Bank of America (BAC) on Wednesday reported better second-quarter profits than analysts had projected, while revenue and net interest income fell just short. The firm said Wednesday it earned $0.89 per share in the second quarter, beating estimates by 4 cents, while revenue was up 4% from the same time a year ago to $26.46 billion, slightly below the analyst …