Markets
Wall Street sees buying opportunity in banks as shares tank ahead of earnings
The sell-off in bank stocks ahead of earnings season is a buying opportunity rather than a warning sign for the economy.
Keyword
Bank
32 stories in the last 7 days, reading neutral overall. Coverage in the last day was about normal.
- 7-day mood
- −6.3Neutral −6
- Stories, 7 days
- 32
- Last 24 hours
- 5about usual
- Sources
- 14in the latest 30
Mood and coverage · last 7 days
Market chart- Bank · 6-hour average
- Hourly reading
- Stories per hour
View as table
| Day | Mood | Stories |
|---|---|---|
| Fri, Oct 9 | +18.0 | 3 |
| Thu, Oct 8 | 0.0 | 5 |
| Wed, Oct 7 | −13.5 | 6 |
| Tue, Oct 6 | 0.0 | 7 |
| Mon, Oct 5 | +3.4 | 6 |
| Sun, Oct 4 | — | 0 |
| Sat, Oct 3 | −23.0 | 2 |
| Fri, Oct 2 | −27.7 | 2 |
Latest on Bank
Newest firstFinance
Ex-Deutsche Bank trader jailed for rigging rates has conviction overturned
The Court of Appeal quashes the conviction of Christian Bittar, a former Deutsche Bank trader jailed in 2018.
Finance
This exchange stock is a buy on renewed options deal, Morgan Stanley says
The investment bank double upgraded the stock to overweight from underweight.
AI
My personal AI agent posted my bank details on company Slack. It's made me rethink how I use it.
My personal AI agent posted my bank details on company Slack. It's made me rethink how I use it.
Finance
Goldman Sachs Big Wigs Set To Pocket $500,000,000 Bonus As Americans' Bank Accounts Run Dry
Roughly 20 Goldman Sachs executives could collect more than $500 million in special stock awards as American households grapple with mounting debt and limited…
Finance
Top bosses at Goldman Sachs to share bonus pot worth up to $500m
Eye-watering sum, to be split between 20 bankers, is one of the biggest payouts in the bank's history. Top bosses at Goldman Sachs are in line to share a bonus…
Finance
The Man Behind a West Bank Telegram Channel Trying to Keep Palestinian Drivers Safe
With no accurate Big Tech mapping app to help him, Anas Hattab launched a Telegram group to get himself home at night. Now nearly 350,000 Palestinians rely on…
Crypto
Samsung Wallet to add USDC transfers for US Galaxy users in October
Eligible US Galaxy will be able to send USDC to crypto wallets and transfer funds to bank accounts in more than 60 countries.
Crypto
Tether Signs MoU With Kazakhstan's Central Bank to Explore a Tenge Stablecoin
"Kazakhstan is taking a deliberate, forward-looking approach by exploring asset tokenization and a strategic reserve framework," said Tether CEO Paolo Ardoino.
Technology
Apollo, banks in talks to finance SpaceX's $40 billion Nvidia GPU purchase
Since SpaceX's record-breaking IPO in June, rates have sold off, and yields on its bonds have risen, along with other AI-related bonds.
Technology
Marvell just gave a bullish outlook. It led TD Cowen to upgrade the stock
The bank upgraded the chip stock to buy from hold.
Technology
SpaceX reportedly is looking to raise as much money as the company generates in revenue to buy Nvidia chips
Elon Musk's SpaceX is in talks with banks and investors to borrow $40 billion to fund a purchase of Nvidia chips, according to a Financial Times report.
Crypto
Russia clears first crypto exchanges, custodians under new law
Russia registered its first crypto exchanges and custodians, including its largest bank, Sberbank, which plans to launch crypto products on Dec. 1.
Macro
India's Central Bank Raises Rates For First Time Since 2023
India's central bank raised interest rates for the first time in more than three years as the Middle East conflict keeps energy prices high, hurting the rupee…
Macro
India's central bank hikes rates for the first time since 2023 as inflation risks build
HSBC and Goldman Sachs expect the RBI to raise interest rates in December as well.
Macro
UK names 6 banks to lead first digitally native government bond
The DIGIT pilot will test distributed ledger technology and onchain settlement for UK sovereign debt, with issuance expected by the first quarter of 2027.
Geopolitics
Russia's digital ruble accounts top 220K in first month, nearly 4X central bank forecast
The digital ruble's early uptake comes as BRICS nations explore linking their digital currencies for cross-border trade and payments.
Finance
Corteva just underwent a big spinoff. JPMorgan says the agriculture stock is now poised for big gains
The investment bank upgraded the stock to overweight from neutral.
Finance
Best Highway/Bridge: Schuylkill Banks: Christian to Crescent Cable Stayed Bridge
Designed for pedestrians and cyclists, the project delivered a 650-ft-long by 25-ft-wide cable-stayed structure that closes a half-mile gap in Philadelphia's t…
Finance
South Korea Investigates Possible Use of A.I. in Hacks on Its Banks
The president said there were signs that such models were used in recent attacks on several banks involving customer data. Police are investigating.
Macro
World Bank warns of AI concentration risks as it lifts East Asia and Pacific growth outlook to 4.5%
The World Bank now expects the region to grow 4.5% this year, but flagged that trade growth outside AI-related goods has been "weak or negative."
Crypto
Rain seeks US trust bank charter days after OCC sued over crypto charters
Rain joins a growing queue of crypto firms seeking federal trust charters, while community banks have just asked a court to overturn the OCC rules underpinning…
Commodities
Colorado summit video: Giustra says gold rally is missing retail
Ordinary investors have largely sat out gold's rally, leaving room for another leg higher while central banks keep buying on price dips, veteran mining financi…
Finance
Advocacy group pushes back on banks' lawsuit against OCC over charters
CCI CEO Ji Hun Kim said that the organization "remains confident" in the OCC's approval of charters for crypto companies, despite a recent lawsuit and pushback…
Commodities
World Bank backs $1.4B for Chile's copper giant
The World Bank Group is holding up a financing structure used by Chile's state-owned Codelco as a model for mineral-rich countries seeking to attract long-term…
Macro
The bond selloff is opening up rare opportunities for investors. Here is where to look, says one major bank.
The chief investment office at Standard Chartered said bond and money markets have been overly hawkish on the Federal Reserve.
Finance
China shuts hundreds of banks as Beijing moves to shore up its financial system
Beijing shuttered 670 mainly rural banks last year in a bid to create fewer, larger and better-capitalized lenders.
Finance
Kraken parent adds 24/7 dollar settlement with Singapore Gulf Bank
The partnership will enable select institutions in Asia and the Gulf region to instantly settle US dollar transactions through the bank's SGB Net
Finance
Community banks sue OCC over trust bank charters of crypto firms
Community banking group's lawsuit claims OCC has overstepped its mandate from Congress.
Finance
New baby bank 'open to everybody'
The facility offers essential items for free, including clothes for babies and small children.
