The Morning Risk Report: Regulators Probing Big Banks' Handling of Zelle ScamsRegulators are investigating major U.S. banks regarding handling of customer funds on Zelle, focusing on scams and fraudulent transactions.
Profits of large US banks soar, but there are warning signsUS banks recorded high profits in Q2 2023 due to investment banking fees and capital gains despite challenges like increased liabilities and costs.
JPMorgan and Bank of America are on track to report weaker profits in Q2Some of the largest U.S. banks may report weaker profits in Q2 due to lower interest income and increased provisions for bad loans.
Fed Proves A Forgiving Stress-Test GraderFederal Reserve stress tests show US banks can withstand severe global recession