Banking

Banking

Bank of America Q3 Profit Falls on $1.2 Billion AML Charge

Bank of America’s Q3 profit fell to $6.9 billion after a $1.2 billion anti-money-laundering settlement charge and weaker trading; revenue missed estimates.

Isha Sharma · 7 days ago · 5 min read

Banking

Canara Bank Q2 Profit Hits Record ₹5,175 Crore as Treasury Gains Fade

Canara Bank’s Q2 FY27 net profit rose 8.4% to a record ₹5,175 crore as NII jumped 20% and gross NPA fell to 1.33%, even as treasury…

Isha Sharma · 7 days ago · 5 min read

Banking

JPMorgan Q3 Profit Rises 6% to $15.3 Billion but Misses Estimates

JPMorgan Chase earned $15.3 billion, or $5.57 a share, in the third quarter but missed forecasts as costs rose 12%. Jamie Dimon flagged sticky inflation and…

Isha Sharma · 7 days ago · 5 min read

Banking

Amex Fined $350 Million Over Anti-Money-Laundering Failures

US regulators fined American Express $350 million and issued two cease-and-desist orders over AML lapses tied to about $13 billion in suspected laundering.

Isha Sharma · 7 days ago · 5 min read

Banking

NRI Deposit Inflows Jump to $36.24 Billion on FCNR Surge

NRI deposit inflows jumped to $36.24 billion in April-July FY27 from $4.66 billion a year ago, almost entirely through FCNR(B) accounts.

Isha Sharma · 7 days ago · 4 min read

Banking

Bank Unions Defer Three-Day Strike After Late-Night Talks With IBA

Bank unions have deferred the three-day strike planned for 28–30 September after a late-night meeting with the Indian Banks’ Association.

Isha Sharma · 7 days ago · 5 min read

Banking

RBI Rate Hike Bets Build; Nomura Says 125 bps Pricing Is Excessive

Nomura says markets pricing 125 bps of RBI hikes are overdoing it, and expects two quarter-point increases taking the repo rate to 5.75%.

Isha Sharma · 7 days ago · 5 min read