Q3 Earnings Season Kicks Off: Major Banks Thrive, Regional Lenders Signal Trouble

Better-than-expected results from big banks lift S&P 500 EPS growth for Q3 2025 to 8.5%. CEOs appear confident as the earnings season kicks off ,according to our latest LERI reading. Potential earnings surprises this week: Chubb Limited, Capital...

Market Outlook: Bank of Canada expected to stay on track for rate cut despite higher inflation, experts say

Sadiq Adatia, CIO at BMO Asset Management, joins BNN Bloomberg to discuss the markets amid Canadian inflation numbers report. Canada’s inflation rate rose to 2.4 per cent in September, up from 1.9 per cent a month earlier, adding pressure ahead of...

Project Mercury recruits ex-bankers for data and model training

OpenAI has recruited over 100 former investment bankers from Goldman Sachs, Morgan Stanley, and JPMorgan Chase to help train its artificial intelligence on how to build financial models, according to Bloomberg. The goal is to replace the long,...

Bank chief says US firm collapses ring 'alarm bells'

The collapse of two US companies could be a sign of wider problems in the financial system and "alarm bells" were ringing, the governor of the Bank of England has said. Andrew Bailey told a House of Lords committee that it was important to take...

Japan weighs allowing banking groups to trade cryptocurrencies

Cryptocurrencies Move aims to level playing field with brokerages amid market growth Japan’s active crypto accounts reached 7.88 million in August, quadrupling over five years. © Reuters LEJUN WANG October 22, 2025 04:51 JST TOKYO -- Japan's...

New York says banks are responsible for vendors' cyber risk

Key insight: New NYDFS guidance reinforces that banks are "ultimately accountable" for cybersecurity risks from third-party vendors and cannot delegate compliance. What's at stake: Banks face enforcement actions, like those previously taken...

Investment Funds in Saudi Arabia

In a nation with a strong economy like the Kingdom of Saudi Arabia, different investment strategies are developed in response to market demands. The growth of these markets has made trading a lucrative but dangerous part of investing....

Senators Introduce STREAMLINE Act to Modernize Bank Secrecy Act Reporting

WASHINGTON, D.C. – Senators John Kennedy (R-La.) and Tim Scott (R-S.C.) unveiled the STREAMLINE Act on October 21, 2025, aiming to reform reporting requirements for the Bank Secrecy Act (BSA). This new legislation seeks to modernize the outdated...

South West Investment Fund marks £100m milestone

The British Business Bank’s South West Investment Fund has driven almost £100m of investment into new and growing businesses across the region. Launched in 2023, the £200m fund is increasing the supply and diversity of early-stage finance for...

Pride Bank Uganda unveils “Pride Care,” a savings account with built-in health insurance

Kampala, Uganda | THE INDEPENDENT | Pride Bank Uganda has announced the launch of Pride Care, a groundbreaking product that integrates health insurance directly into customer savings accounts. Developed in partnership with Jubilee Health Insurance...

OpenAI Launches “Project Mercury” to Train AI for Investment Banking Automation

OpenAI has quietly launched a new initiative called Project Mercury, assembling a team of more than 100 former investment bankers to train its AI systems to automate the manual, time-consuming tasks typically assigned to junior bankers. According...

David Solomon urges vigilance as regional bank losses stir credit market debate

Goldman Sachs' CEO calls three recent events "idiosyncratic," though questions remain about vulnerabilities lurking throughout the banking system. Goldman Sachs chief executive David Solomon is urging credit market participants to review their...

Founder of online banking company backed by ex-Microsoft CEO Steve Ballmer, Leonardo DiCaprio, Robert Downey Jr and other celebrities found guilty of fraud

Joseph Sanberg, the 46-year-old co-founder of the online banking company Aspiration Partners, has pleaded guilty to two counts of wire fraud in Los Angeles federal court. Prosecutors alleged that Sanberg participated in a scheme that defrauded...

UAE’s Invest Bank secures licence for Islamic banking operations

Invest Bank has received approval from the Central Bank of the UAE to launch an Islamic banking window, enabling it to offer sharia-compliant products and services to individuals and businesses. Edris Al-Rafi, CEO of Invest Bank, said the move...

Japan mulls letting banking groups offer crypto trading services, Nikkei reports

(Reuters) -Japan's financial regulator is mulling allowing members of banking groups to launch cryptocurrency trading services, in a move to expand market access and foster competition, the Nikkei reported on Wednesday. Japan's Financial Services...

Revolut secures Mexico banking licence 

Neobank Revolut has secured final authorisation from the National Banking and Securities Commission (CNBV), with the approval of the Bank of Mexico, to commence operations as a multiple banking institution in Mexico. The licence marks Revolut’s...

Exchange Bank Welcomes Karen Serpa as Assistant Vice President, Marketing Communications Manager

SANTA ROSA, Calif.--(BUSINESS WIRE)--Oct 21, 2025-- Exchange Bank (OTC: EXSR) is pleased to announce the addition of Karen Serpa to its Marketing team as Assistant Vice President, Marketing Communications Manager. This press release features...

UK Financial Services Professionals Report Increase in Gen Z Workers Leaving their Organizations

October 21, 2025 @ 9:15 am By Omar Faridi Nearly half of financial services professionals (49%) are reporting a significant increase in Gen Z workers leaving their organisation during the last 12 months, according to KPMG’s UK Financial Services...

Are banks open or closed today for Govardhan Pooja, Diwali? Check here

Banks are expected to remain closed today in several states on account of Diwali Amavasya, also known as Deepawali, and Govardhan Pooja. While most of India celebrated Diwali on October 20, some others will mark the festival today. The Reserve...

World Development Indicators, October 2025 update: New data on poverty, food insecurity, financial inclusion, & the 2025 edition of the World Bank Group Scorecard

The October 2025 update of the World Development Indicators (WDI) database was released on October 7. It includes new and revised data across a wide array of development metrics. Among the highlights are refreshed indicators for the World Bank’s...