$500 million bond for affordable housing and CDFI loans.

JPMorgan says that its new dollar stablecoins are collateralized against client dollar deposits but it also emphasizes its own strong balance sheet as surety.

Even though this business is notoriously sticky, Goldman Sachs’ entry into cash management business could shake up the industry.

Tired of paying what they view as exorbitant fees to the incumbents, some large US brokers, banks and financial services firms have now decided to take the US equity exchanges on at their own game. The names involved and the amount of order flow that they now control mean that – this time – it could just work.

Tired of paying what they view as exorbitant fees to the incumbents, some large US brokers, banks and financial services firms have now decided to take the US equity exchanges on at their own game. The names involved and the amount of order flow that they now control mean that – this time – MEMX could just work.

Wealth management was built by men for men, but now that women will become the largest beneficiaries of the $30 trillion intergenerational wealth transfer, the industry needs to overhaul itself. If it doesn’t, it will be letting down more than just its female clients.

President Donald Trump has pulled off the almost impossible task of making America’s banks look good, if not exactly great, again.

On January 25, after a record-breaking 35-day shutdown, a deal was finally struck to fund US government activity until February 15, but without another agreement, state agencies will again close down on that day. Equity capital markets bankers could face further disruption and precious few options for getting IPOs out of the door.

Equity capital markets bankers are having to get more creative with their advice to flotation candidates as the US government shutdown drags on.

Companies waiting to complete securities offerings while Washington remains deadlocked have few options – and more risk.

US bank taps European market for €1 billion deal.

The deadline looms for SEC-regulated investors to report on the liquidity of individual bond positions, but the more pressing question is the accuracy of fund valuations.

When a plan comes together, there is a danger that complacency can creep in at any bank.

Management is confident that its long-term positioning will serve shareholders well.

Like most of its big US peers, Citi had a strong run in 2018

Goldman aims to grow in consumer banking and corporate cash management.

The bank has gone from strength to strength and its tech firepower makes it hard to dislodge.

Collapsing equity and credit markets have little to do with a coming recession, but show a high and worrying correlation to the disappearance of the central bank bid.

To bring about fundamental change and to find long-lasting solutions, isn’t always pretty and it is certainly not always a win-win in the financial sense.

The US market is due a shakeout as recession looms.

Analysts believe Virtu Financial’s acquisition of ITG is largely a positive development for customers of both firms and the wider FX market, despite lingering concerns over access to institutional customer data.

Over the last two years, Bank of America has been overhauling its low-to-moderate income business, redesigning branches and products, improving employee retention and working with community partners, but will the bank get the credit its actions deserve?

Analysts are reflecting uncertainty over the fallout for Goldman Sachs from the 1MDB affair, but with the stock taking a rare tumble below book value, markets seem to be pricing in much more bad news to come.

At the tail end of 2018, banks still seem to be a long way from equality.

$2.4 billion in dedicated mandates; expectations to reach $20 billion to $30 billion by 2023.

Credit Suisse’s CEO says his firm stands out in Europe: the numbers suggest he’s right

JPM wants to become the top transaction bank in the world – Takis Georgakopoulos, global head of treasury services, tells Euromoney how the bank will do it.

Founders claim existing meat-production business model at risk from stranded assets as interest in meat-free diet grows.

When the financial crisis hit and retail banks – desperate to cut costs – closed less profitable branches, they did so chiefly in rural towns, or low- to moderate-income (LMI) communities.

Investors throw money at cash-burning issuers as concern over leveraged finance grows.