Catenaa, Tuesday, May 23, 2025-America’s top banks are in preliminary discussions to form a consortium that would launch a US dollar-backed stablecoin, according to a Wall Street Journal report published Thursday (Yesterday). The venture would involve companies jointly owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and others. Entities involved include The Clearing […]

Catenaa, Friday, April 11, 2025- Wells Fargo posted revenue below Wall Street’s expectation for the first quarter on Friday as with higher deposit costs and slow growth in personal loans. The San-Francisco based banker reported revenue of $20.15 billion versus the expectation of $20.75 billion, first quarter revenue was down by 2% year on year. […]

Catenaa, Monday, May 12, 2025- JPMorgan Chase could become the first bank to reach a $1 trillion market capitalization within the next three years, Wells Fargo said on Sunday. Wells Fargo analyst Mike Mayo and colleagues wrote in a May 11 note that if the largest US bank maintains its lead in returns, efficiency and […]