Paul J Davies

BLOOMBERG

Warsh has long argued that the central bank should aggressively shrink its US$6.7 trillion balance sheet, bloated by years of bond buying.

Kevin Warsh’s Fed regime change comes with a catch

The goodwill Dimon has among investors offers him space to navigate the bank's issues in the medium term, although that won’t be true forever.

Dimon’s success creates headaches for JPMorgan

Stablecoin issuer Circle Internet Group makes its trading debut on the New York Stock Exchange on Jun 5.

Crypto, startups and banking make a scary mix

The contentious and costly part for UBS is the demand that it should fully capitalise its foreign subsidiaries.

UBS’s US$26 billion capital hit isn’t quite as bad as it seems

As markets tank again in response to Trump’s tariffs, there is a real risk of a crisis of faith in the US as a reliable world power – and crucially in its Treasury bonds, which underpin shadow banking.

Shadow banks are too big to stay in the shadows

The transformation Donald Trump is planning during his second term will be painful; the questions are how much it will hurt and how long will it take.
THE BOTTOM LINE

Investment bankers finally start to take Trump literally

Battling scams has mainly been left up to banks, which have spent heavily on compensating customers and investing in education and warning systems.

That online investment scam is a geopolitical problem

Revolut co-founder Nikolay Storonsky recently flagged that backers will want an initial public offering “sooner or later”, and that the US looks a preferable listing destination.
THE BOTTOM LINE

Revolut’s road to IPO will test fintech’s hype

A Chase Bank outlet in New York City. Bob Diamond, the former CEO of Barclays, says over the next few years, dealmaking will shrink the roughly 4,500 banks in the US down to just 1,000 to 2,000 lenders.
THE BOTTOM LINE

Mega deals won’t lead M&A rebound under Trump

The evolution of finance continues to favour the biggest Wall Street banks, such as JPMorgan Chase or Goldman Sachs Group, that can spend the most on tech and have tight relationships with the biggest private-market asset managers.

Investment banks will lose billions of dollars to private rivals