Cuscal buy Paymark NZ
Australian Cuscal Limited to Acquire Paymark Limited In a significant development in the payments service industry, Australian company Cuscal Limited has agreed to acquire Paymark Limited, which trades as Worldline New Zealand. The deal will be a cash purchase amounting to a total of A$27 million. Paymark, essentially New Zealand’s Eftpos network, is a major […]
Bank of America’s fixed income traders can look with schadenfreude at Goldman Sachs
Q1 2026 Reporting Season for Investment Banks The first quarter of 2026 reporting season for the world’s investment banks is well underway, with major players like Goldman Sachs, JPMorgan, Citi, Bank of America, and Morgan Stanley releasing their financial results. Bank of America’s Performance Bank of America’s performance in Q1 2026 was not as strong […]
Best advisor pay for the $400,000 producer in 2026
Financial Planning’s Annual Analysis of Base Pay for Advisors in 2026 It’s that time of year again when Financial Planning conducts its annual analysis of base pay for advisors at wirehouses and regional or national broker-dealers. In this article, we will be focusing on $400,000 annual producers in 2026. For last year’s data, you can […]
OpenAI acquires personal finance startup Hiro
OpenAI’s Push into Personal Financial Advice with Hiro Finance Acquisition OpenAI, a leading artificial intelligence company, has announced its acquisition of Hiro Finance, a startup specializing in AI-powered personal finance. The deal signals OpenAI’s notable push towards incorporating personal financial advice capabilities into its AI model, ChatGPT. This strategic move could potentially disrupt the banking […]
UK and Indian regulators seek better insights into private credit
Improving Transparency in Private Credit: A Joint Effort by UK and Indian Regulators The heads of the Financial Conduct Authority (FCA) of the UK and the Securities and Exchange Board of India (Sebi) recently urged for enhanced transparency in the private credit sector. Their statements were made at the International Monetary Fund Spring Meetings in […]
The more things change: Bank CEOs on why they’re adding branches
Major Banks Continue to Invest in Branch Locations Amidst Declining Branch Count The banking landscape continues to witness significant changes as financial technology and artificial intelligence make inroads into the industry. Yet, despite this fast-paced digital transformation, the largest banks in the country are still investing in their physical branch locations. The goal is to […]
Trump resumes push to fire Fed’s Powell
President Trump’s Renewed Push to Fire Federal Reserve Chair Jerome Powell President Donald Trump has once again stirred controversy by renewing his efforts to remove Federal Reserve Chair Jerome Powell from his position. This move comes amidst ongoing tensions between the President and the head of the central bank. Justice Department’s Probe into Powell In […]
Merrill, other BofA wealth units hit record revenue despite asset dip
Merrill and Bank of America’s other wealth management units have reported a surge in revenue to an all-time high in the first quarter, despite a slight decrease in new asset inflows. Processing Content Bank of America announced that revenue for its Global Wealth and Investment Management business, which includes Merrill Lynch and its private bank, […]
Credit losses ‘may treble’: S&P
Impending Credit Losses Amid War in West Asia: An S&P Global Ratings Perspective As per the latest projections by S&P Global Ratings, the banking industry is set to witness a significant surge in credit losses, predominantly in the year 2027. This anticipated escalation is tied to the impact of the ongoing conflict in West Asia. […]
How Wall Street Bound aims to kick-start financial careers
Wall Street Bound is a program dedicated to empowering students and young professionals in the finance industry. Their focus on mentorship and education has led to great success in helping individuals kick-start their careers on Wall Street. By fostering strong relationships with financial firms, Wall Street Bound creates opportunities for students to explore diverse areas […]