Situational Awareness hedge fund meltdown was a warning shot for leveraged markets, BofA CEO says
Leopold Aschenbrenner (L) and Bank of America CEO Brian Moynihan.Photo: Josh Edelson (L) | Oscar Molina (R)Bank of America CEO...
Banks
HSBC pretax profit beats estimates, boosted by higher net interest income and fees
HSBC reported second-quarter pre-tax profit of $10.1 billion on Tuesday, exceeding analysts' estimates on the back of stronger growth in...
Visa to buy cybersecurity firm BioCatch for $2.4 billion amid surge in AI-powered scams
Nikolas Kokovlis | Nurphoto | Getty ImagesVisa on Monday said it is acquiring fraud detection startup BioCatch for $2.4 billion...
Capital One says it closed Trump Organization's accounts after anti-money laundering probe
In this photo illustration, the Trump Organization logo is seen displayed on a smartphone screen.Sopa Images | Lightrocket | Getty...
Goldman traders are on pace for a record year. A close-up look at how they're doing it
Goldman Sachs ' dealmaking prowess may grab all the glory, but the biggest driver of growth last quarter came from...
Investors may want to focus on front end of yield curve — as Street anticipates next Fed meetings
Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global...
Fintech broker Clear Street offers investors pre-IPO access to $188 billion AI giant Databricks
Close-up of Databricks company logo on building facade, Rincon Hill, San Francisco, June 7, 2024.Smith Collection/ gado | Archive Photos...
How Leopold Aschenbrenner built a $45 billion AI hedge fund — and lost most of it in days
Leopold AschenbrennerPhoto: Josh EdelsonTwo years ago, Leopold Aschenbrenner argued he was one of few people in the world who saw...
Visa is cutting 7% of employees in efficiency push as AI reshapes work
Visa's Ryan McInerney delivers a keynote address at the Transact 15 conference in San Francisco, California, April 1, 2015.Noah Berger...
Moody's says 'unprecedented' AI spending threatens credit quality of Amazon, Meta, Alphabet and others
Sundar Pichai, CEO of Alphabet, Satya Nadella, CEO of Microsoft, Andy Jassy, CEO of Amazon and Mark Zuckerberg, CEO of...
UniCredit CEO tells CNBC full acquisition of Commerzbank could happen in fourth quarter
UniCredit is aiming to acquire Commerzbank in the fourth quarter, the CEO of the Italian bank told CNBC in an...
Goldman Sachs creates private markets platform as rich investors seek the next SpaceX and Stripe
A SpaceX Flacon 9 rocket lifts off from Space Launch Complex 40 on June 8, 2026, in Cape Canaveral Space...
IRS chief Frank Bisignano laughs off JPMorgan spying allegations
Frank Bisignano, chief executive officer of the Internal Revenue Service (IRS), during a House Ways and Means Subcommittee on Social...
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
JPMorgan Chase CEO Jamie Dimon said investors are underestimating the risks facing the global economy and that he wouldn't buy...
Jamie Dimon says markets underestimate risks and he wouldn't buy stocks or Treasurys at current prices
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 Institute of International Finance annual membership...
Capital One bet big on Discover. Now it must prove the gamble was worth it
Capital One poured more than $35 billion into acquiring credit card rival Discover. After a couple of lackluster quarters and...
The AI rotation stole the spotlight from a strong start to earnings season
The AI trade dominated the market once again this week, upstaging an impressive start to the second-quarter earnings season. Cooler-than-expected...
Sen. Warren says Trump's CFPB overhaul has cost Americans $26.5 billion
President Donald Trump (L) and Sen. Elizabeth Warren (D-MA).Reuters | Getty ImagesSen. Elizabeth Warren, D-Mass., said Thursday that the Trump...
Anthropic moves closer to mega-IPO as bankers line up investor meetings
Dario Amodei, co-founder and CEO of Anthropic, during the company's Builder Summit in Bengaluru, India, Feb. 16, 2026.Samyukta Lakshmi |...
‘Arsenal of democracy’: Jamie Dimon announces $24 million effort to boost American shipbuilding
JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move...
