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The U.K. fintech's shares fell about 5% in London, partly due to international currency volatility. It hopes a U.S. listing will improve the company's ability to raise capital.
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Monetary policymakers have held off on lower interest rates for months, citing the risk of tariff-induced inflation. Several now say this week's CPI and PPI reports confirmed their suspicions.
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A new federal law that decouples health savings accounts from high-deductible insurance plans is expected to be a tailwind for the Connecticut bank's health care unit.
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The Dallas bank attributed its success in the second quarter to investment banking and trading fees. Executives continue to believe they will hit the bank's target for improving a key profitability metric later this year.
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Noelle Acheson points out that the GENIUS Act is right to ban interest on payment stablecoins, and suggests that the bigger debate should be around the current banking model.
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The Minneapolis-based regional bank also reported increased loans and lower operating expenses while credit quality held steady.
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The Providence, Rhode Island-based bank's net income was well above analysts' estimates in the second quarter.
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After the rapid rise of interest rates, election uncertainty and tariff policies stymied borrower demand, some banks' second-quarter results suggest that loan growth may be on its way back.
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A spike in the bank's noninterest income powered its better-than-expected net income and revenue in the second quarter.
July 16