News list for "American large"
Shares of major U.S. banks fell premarket, with Bank of America (BAC. N) down more than 3 percent, Citigroup (C. N) down 1.7 percent, Goldman Sachs (GS. N), Wells Fargo (WFC. N) down about 1.4 percent, and JPMorgan Chase (JPM. N) down more than 1 percent.
Big U.S. tech stocks fell in after-hours trading, with Nvidia, Amazon, Apple, Tesla, Google and Broadcom all down about 1 percent.
Individual investors in South Korea have recently reduced their exposure to large US technology stocks and instead increased their purchases of cryptocurrency-related stocks. In a report published on August 11, the International Financial Center pointed out that stablecoin-related investments have increased with the passage of the US Genius Act. From January to April this year, Korean individual investors bought an average of $3.80 billion of overseas stocks per month, but in May and June they s...
Large US banks are in internal discussions about expanding their cryptocurrency businesses, but will initially adopt a cautious approach. Jamie Dimon, chief executive of JPMorgan Chase, maintained his critical stance on cryptocurrencies but said he would allow customers to buy them; Bank of America considered issuing stablecoins; and Morgan Stanley explored adding cryptocurrencies to electronic trading platforms, according to people familiar with the matter. Industry executives have pointed out ...
The Federal Reserve is refining its reform plan for stress testing at large banks and has submitted a proposal for public comment that would calculate the two-year average results. The Fed said it intends to delay the effective date of the annual stress capital buffer requirement from Oct. 1 to Jan. 1 next year to give banks more time to adjust to the new capital requirements. The proposal would also "make targeted changes to streamline data collection related to board stress testing". The Fed s...
