We’re locking in substantial gains in a bank stock reaching near record highs that we still believe in.
Recently, the Jim Cramer Charitable Trust sold 10 shares of Goldman Sachs stock, which were priced at around $835 each. Following this transaction, the trust’s total holding of GS stock decreases to 200 shares, adjusting its portfolio weight from roughly 4.6% to about 4.4%. On Wednesday, the financial sector performed notably well, allowing us to […]
Bank raises 2025 bonus pool following job reductions
RBC to Increase Bonuses in Upcoming Announcement According to the latest annual report from the Royal Bank of Canada, there are indications that bonuses at RBC Capital Markets will be higher than last year when they are announced next week. The bank has disclosed plans to allocate C$10 billion (approximately $7.7 billion) for cash-based variable […]
Laurentian Bank reveals divided sale to Fairstone Bank and National Bank
MONTREAL Laurentian Bank is set to undergo a significant transformation: it will be divided and sold. The commercial operations will be transferred to Fairstone Bank in a deal valued at $1.9 billion, while its retail and small business sector will go to National Bank for a price close to book value. This move marks the […]
Ex-employee of Truist who embezzled from bank and attempted to fake her death sentenced to 24 months in prison
Trust Bank Employee Sentenced for Fraud and Attempted Deception A former employee of Trust Bank has been sentenced to federal prison after committing fraud that involved stealing from numerous bank customers and attempting to fake her own death once caught. Asher Dior Martin, who was employed at Trust Bank from 2022 until 2024, will spend […]
Bank of England relaxes capital rules for banks to encourage growth
Bank of England Adjusts Capital Requirements LONDON, Dec. 2 – The Bank of England announced a reduction in the capital that banks need to hold, marking the first easing of these requirements since the global financial crisis. This change aims to support lending and ultimately stimulate the economy. After reviewing its capital framework, the Bank […]
Japanese Yen rises close to 155.50 as Bank of Japan hints at December interest rate increase
USD/JPY Sees Decline Amid Hawkish Signals In early trading across Asia on Tuesday, the USD/JPY slipped to about 155.45, marking its lowest point in nearly two weeks. The Japanese yen has been gradually strengthening against the US dollar, spurred by some assertive remarks from Bank of Japan Governor Kazuo Ueda. On Monday, Ueda suggested the […]
Associated Bank set to acquire Nebraska bank for $604M
Diving Overview: Green Bay, Wisconsin’s Associated Bank is set to purchase American National Bank, based in Omaha, Nebraska, through an all-stock deal. This acquisition is valued at $604 million, as the companies disclosed on Monday. American National, which is privately held, has plans to divest 33 Associated branches located in Nebraska, Minnesota, and Iowa, alongside […]
Pound Sterling remains quiet amid expectations of a dovish Bank of England
On Monday, the British pound (GBP) held steady against the US dollar (USD), floating around 1.3230 during European trading, while it showed weakness against other currencies. It seemed GBP/USD gained some ground as the dollar continued to weaken, with expectations building that the US Federal Reserve might cut interest rates in their upcoming monetary policy […]
South African bank is the first on the continent to connect with China’s cross-border payment system.
Standard Bank Approved for CIPS Services at Lujiazui Forum Standard Bank has received the green light to offer CIPS services, a move announced during the Lujiazui Forum in Shanghai, scheduled for June 2025. The official launch of this merger took place at a gathering organized by the South African Reserve Bank, which saw participation from […]
Central Bank Stops QT on December 1, Beginning of a Crypto Boom?
On December 1, 2025, the Federal Reserve plans to officially halt quantitative tightening (QT), keeping its balance sheet stable at $6.57 trillion after reducing it by $2.39 trillion. Some analysts are noticing parallels with the last QT suspension in 2019, where a significant low for altcoins aligned with a notable uptrend in Bitcoin. Now, with […]