Stock Market Update, Jan. 9: NuScale Power Rises Following Bank of America Upgrade
On January 9, 2026, major developments on Wall Street, along with a spike in options trading, are influencing the narrative around nuclear power expansion. Today’s changes (4.17%) $0.82 current price $20.49 Key data points Market capitalization $5.8 billion daily range $20.33 – $22.29 52 week range $11.08 – $57.42 volume 2.1M average volume 26M gross […]
Jenius Bank staff announce the bank’s closure
Closure of Genius Bank Reported Genius Bank, the digital banking branch of Sumitomo Mitsui Banking Corporation, appears to be shutting down, based on information from several former employees. So far, there hasn’t been any official statement from Genus, and representatives from SMBC have stayed silent. However, multiple employees have shared their experiences. Recently, one former […]
Reevaluating Bank Mergers
Good morning. Recently, Donald Trump put forth two rather alarming industrial policy proposals. First, to promote more investment in military equipment, he suggested banning dividends and stock buybacks, as well as capping executive compensation at $5 million for defense contractors until they build “new, modern production plants.” Then, addressing housing affordability, he claimed he would […]
Trump’s Crypto Business World Liberty Seeks Bank Charter
World Liberty Financial Seeks Banking Authorization (Bloomberg) — World Liberty Financial, a cryptocurrency venture co-founded by former President Donald Trump, is looking to obtain U.S. banking approval for one of its businesses to broaden its $1 stablecoin operations. WLTC Holdings LLC has submitted a new application to the Office of the Comptroller of the Currency […]
Revolut Discusses Buying Turkish Bank FUPS
Revolut’s plans for international growth may soon take it to Türkiye. The company is reportedly in discussions to acquire a Turkish digital bank called FUPS, according to Bloomberg. The source did, however, mention that no final decision has been reached and there’s no certainty that Revolut will go through with the acquisition. FUPS is characterized […]
Japanese Yen remains weak due to financial challenges and uncertainty from the Bank of Japan
The Japanese yen (JPY) saw a slight recovery against the US dollar (USD) after a dip during Asian trading, though its upward momentum is somewhat hesitant, influenced by mixed economic signals. The increasing belief that the Bank of Japan (BoJ) will maintain its approach to policy normalization marks a notable contrast with the dovish outlook […]
The industry caused the bank to collapse and then quickly returned to business.
Industry Concludes Its Journey The celebrated HBO series, Industry, which explored the London offices of a leading American bank, reaches its endpoint. The bank has now changed ownership, being sold to a Gulf State sovereign wealth fund, resulting in the dispersion of its main characters. While the finale gave a sense of closure, it was […]
What’s in store for the large bank stocks following a successful 2025? Expect more of the same.
Bank Stocks May Still Rise, Says Jim Cramer Jim Cramer believes that there is still potential for bank stocks to grow, following a strong performance this past year. However, he advises against purchasing shares just before earnings reports come out later this month. Club holdings, Wells Fargo and Goldman Sachs, reached record highs in 2025, […]
36-year-old Bank of America employee with one leg works until 2am
Meet Ralph Etienne: The Banker Representing Haiti in Winter Paralympics Ralph Etienne, a 36-year-old associate at Bank of America’s London financial sponsors team, embodies remarkable resilience. At just 20, he lost a leg during the devastating 2010 earthquake in Haiti. “They had to carve my flesh out of the building to get me out,” he […]
Bank of America’s CEO shares that he hired 2,000 recent Gen Z graduates from 200,000 applications, and many are feeling anxious about the future.
Bank of America CEO Addresses Gen Z Concerns Over AI Brian Moynihan, the CEO of Bank of America, recently discussed the anxieties faced by Gen Z regarding artificial intelligence (AI). In light of large-scale layoffs attributed to AI, he aims to reassure young people entering the workforce. In a recent interview, he revealed that the […]