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Gold revaluation wouldn't fix U.S. debt, but would reset fiscal optics - SocGen
KITCO· 2026-02-24 20:17
Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...
Epstein Lurked at JPMorgan for Years After Bank Kicked Him Out
Yahoo Finance· 2026-02-24 20:09
The bank, according to the Justice Department documents, filed a suspicious activity report on more than $1 billion in transactions involving Epstein and other "current, former and non-JPMC customers." While the document is undated, it references wire activity from October 2003 to July 2019 and lists several people and entities, including Black and Shuliak.JPMorgan was, for years, Epstein’s go-to bank. Between the late 1990s and 2013, Epstein moved money through dozens of accounts there. Details of that rel ...
Jamie Dimon says AI is already reshaping JPMorgan Chase's workforce as bank plans 'huge redeployment’
CNBC· 2026-02-24 20:00
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., attends the ribbon-cutting ceremony opening the firm’s new headquarters at 270 Park Avenue, in New York City, U.S., October 21, 2025.JPMorgan Chase CEO Jamie Dimon said the bank is taking steps to address the impact of artificial intelligence on its workers, part of what he said should be a broader societal response to the potentially disruptive nature of AI.Dimon described at an investor meeting late Monday his bank's internal plans ...
I Still Like Nu Holdings Stock, But Right Now, I Like This Alternative Even Better
Yahoo Finance· 2026-02-24 19:33
There's no denying it. Nu Holdings (NYSE: NU) has been an incredibly rewarding stock of late. Shares of the online-only bank serving consumers in Brazil, Mexico, and Colombia spiked in value by 60% last year, adding to 2024's gain of 25%. It's still going strong, too. And that's the problem. While you should be willing to pay a premium for a quality stock, that doesn't necessarily mean you have to, particularly when there's a similar alternative available at a more attractive price. Will AI create the wo ...
JPMorgan Acknowledges Shutting Down Trump Accounts After January 6
Yahoo Finance· 2026-02-24 19:31
JPMorgan Chase & Co. (NYSE:JPM) acknowledged in a court filing that it shut down bank accounts tied to President Donald Trump and several of his businesses after the Jan. 6, 2021, Capitol riot, a point now sitting at the center of Trump's $5 billion lawsuit against the lender and its chief executive. The admission lands as Trump has argued that the move was political "debanking" pushed by the Biden administration, saying he had about 20 days to shift hundreds of millions of dollars. CNBC reports the bank' ...
Banks' liquidity buffers shrink as deposits lag credit growth
The Economic Times· 2026-02-24 19:06
The sharpest decline was seen at Banking system liquidity has remained in a daily average surplus of '2.56 lakh crore in February so far, easing short-term funding conditions and bringing down overnight and money-market borrowing rates. However, despite banks holding surplus liquidity, this has not translated into an improvement in liquidity coverage ratios. Flowing Out OMOs have infused cash into banks, but credit-deposit ratio is at a record 82%"Banks are sitting on cash which they have through open mark ...
ZIONS BANCORPORATION TO PRESENT AT THE RBC CAPITAL MARKETS 2026 GLOBAL FINANCIAL INSTITUTIONS CONFERENCE
Prnewswire· 2026-02-24 19:04
ZIONS BANCORPORATION TO PRESENT AT THE RBC CAPITAL MARKETS 2026 GLOBAL FINANCIAL INSTITUTIONS CONFERENCE [Accessibility Statement] Skip NavigationSALT LAKE CITY, Feb. 24, 2026 /PRNewswire/ -- Scott McLean, President and COO of Zions Bancorporation, N.A. (NASDAQ: ZION), will make a presentation at the RBC Capital Markets Global Financial Institutions Conference on Tuesday, March 10th at 11:20 am Eastern. An audio webcast of the session may be accessed on the Zions Bancorporation website, [zionsbancorporation ...
Bank Of America Stock Edges Lower As Private Credit Turmoil, Tariff Jitters Weigh On Financials
Benzinga· 2026-02-24 19:03
Bank of America stock is volatile. Where are BAC shares going?Private Credit Sell-Off Rattles FinancialsPressure began late last week after Blue Owl Capital said it would sell roughly $1.4 billion of loans from a private credit fund to meet redemption demands and unwind a planned merger.Forced sales at book value stoked fears that similar vehicles may be over-promising liquidity and could be forced to crystallize losses as investors rush for the exits. The news has slammed alternative-asset managers and pul ...
Citigroup Agrees to Sell 24% Banamex Stake, Moves Closer to IPO Plan
ZACKS· 2026-02-24 18:36
Key Takeaways Citigroup agrees to sell 24% of Banamex to investors for $2.5B, cutting its Mexican stake further.After the deal, Citigroup will have divested 49% of Banamex shares, pausing sales in 2026.The transaction involves global investors and supports Banamex's strategy ahead of a potential IPO.Citigroup Inc. (C) announced agreements with several investors for commitments to purchase an aggregate 24% equity stake in Grupo Financiero Banamex, S.A. de C.V (Banamex). The deal represents another significan ...
QNB Corp. Declares Q1 2026 Dividend
Globenewswire· 2026-02-24 18:22
Core Viewpoint - QNB Corp. has declared a quarterly cash dividend of $0.39 per share, reflecting its ongoing commitment to returning value to shareholders [1]. Group 1: Dividend Announcement - The Board of Directors of QNB Corp. declared a quarterly cash dividend of $0.39 per share [1]. - The cash dividend is scheduled to be payable on March 27, 2026, to shareholders of record as of March 13, 2026 [1]. Group 2: Company Overview - QNB Corp. operates through its subsidiary, QNB Bank, providing commercial and retail banking services across twelve banking offices located in Bucks, Montgomery, and Lehigh Counties [2]. - The stock of QNB Corp. is traded in the over-the-counter QX market under the symbol "QNBC" [2].