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The Latest Breaking News on Financial Services

Quote of the Day by Jamie Dimon: "If you want to be a winner, then compare yourself ...."

Success is often portrayed as the result of intelligence, talent or good fortune, but many of the world's most accomplished leaders argue that sustained effort is what truly separates high achievers from the rest. Among them is Jamie Dimon, the chairman and chief executive officer of JPMorgan Chase, whose decades-long…

The Times of India

Democratic lawmakers propose bank funded by China tariffs to boost US manufacturing

Exclusive: Ro Khanna says ‘reindustrialization’ effort would provide grants, loans and investments to smaller businesses

The Guardian - US

US senator accuses Barclays of ‘failure’ to investigate ex-CEO’s ties to Epstein

Exclusive: Elizabeth Warren claims bank did not ‘meaningfully investigate’ Jes Staley’s links with sex offender

The Guardian - UK

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Bank profits flat amid headwinds

The Thai banking industry recorded virtually no growth in net profit for both the second quarter and the first half of 2026, as geopolitical tensions and a sluggish domestic economy weighed on performance.

Bangkok Post

Goldman Sachs Wants Its Wealthy Clients in on the Next SpaceX Before It Goes Public

Goldman Sachs (NYSE:GS) is expanding its push into private markets with the launch of a new platform designed to give wealthy clients and family offices greater access to high-profile private companies before they go public.

Benzinga

SME D Bank avoids lending slowdown

SME Development Bank of Thailand (SME D Bank) has extended 40.9 billion baht in loans during the first half of the year, up 12.4% year-on-year.

Bangkok Post

Santander promises not to shut more branches before 2028 amid cost-saving plan

The bank also saw restructuring costs rise as it continued to make savings across the business

The Independent UK

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Fitch highlights asset risks for Thai banking segment

Fitch Ratings expects Thai banks' asset quality to deteriorate further this year, while the negative outlook for the country's sovereign rating could weigh on the credit profiles of some banks.

Bangkok Post

Indonesia parliament passes bill to set up international financial centres

JAKARTA - Indonesia's parliament passed a law on Tuesday to enable the foundation of international financial centres designed to boost foreign investment in banking and wealth management, and bolster economic growth.

Bangkok Post

JP Morgan boss warns of ‘consequences’ if Burnham taxes banks

Higher taxes on sector could threaten plan for £3bn headquarters in London, says Jamie Dimon

The Guardian - UK

Ascend Bank delays launch

Ascend Bank, the virtual bank backed by Charoen Pokphand (CP) Group, has delayed its commercial service launch due to complex regulatory mandates and technological integration issues.

Bangkok Post

Ministry urges data updates after welfare roll review

The Finance Ministry has acknowledged discrepancies in government databases and urged applicants to update their information after the number of people qualifying for the 2026 state welfare card scheme fell sharply.

Bangkok Post

Citizens Bank to cut ties with CoreCivic and GEO after a fierce public pressure campaign

Citizens Bank plans to end its financial relationship with two private prison companies, CoreCivic and The GEO Group

The Independent UK

Jamie Dimon's JPMorgan Is Closing In on a Historic Milestone. The World's First $1 Trillion Bank

JPMorgan Chase is on the verge of making financial history as the first bank ever to reach a $1 trillion market valuation.

International Business Times

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Benzinga

Jamie Dimon Backs Philadelphia Navy Yard With $24 Million as US Defense Spending Surges, Says 'The Arsenal of Democracy Has Been Reignited'

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry.

Benzinga

JPMorgan Says Markets Are 'Extremely Risk-On'

JPMorgan Chase & Co. (NYSE:JPM) stock traded higher on Tuesday after the bank reported second-quarter 2026 earnings beat and raised its outlook.

Benzinga

Citigroup CFO Says Bank Is Still Playing Catch-up in Equities

Citigroup, Inc. (NYSE:C) stock rose on Tuesday after the bank reported stronger-than-expected second-quarter results, driven by broad-based growth across its businesses.

Benzinga

Wall Street Volatility Becomes Bank of America’s Gold Mine, Trading Revenue Soars 33%

Bank of America Corp. (NYSE:BAC) reported stronger-than-expected second-quarter fiscal 2026 results on Tuesday.

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Benzinga

Jamie Dimon Delivers Mixed Message: Economy Is Resilient, But Market Risks Are Mounting

JPMorgan Chase & Co. (NYSE:JPM) stock traded lower in premarket trading Tuesday after the bank’s second-quarter 2026 earnings beat failed to lift investor sentiment.

Bangkok Post

Central bank steps up tracking of suspicious fund flows

The Bank of Thailand has instructed financial institutions and payment platforms to monitor suspicious fund flows as part of its efforts to curb the grey economy, which it views as one of the country's key structural economic challenges.

The Guardian - UK

JP Morgan boss pressed by US senator about contact with Jeffrey Epstein

Elizabeth Warren asks Jamie Dimon if he was advised to ‘mildly threaten’ UK chancellor over tax on bankers’ bonuses

Bangkok Post

Cash deposits over B5m to face mandatory disclosure

Customers depositing more than 5 million baht in cash will be required to disclose the source of the funds from the fourth quarter as part of tighter measures to curb the grey economy and illicit financial activities, according to Bank of Thailand governor Vitai Ratanakorn.

Bangkok Post

New SME lending scheme exceeds B5bn

Lending to small and medium-sized enterprises (SMEs) under the Bank of Thailand's targeted SME Credit Boost measure surpassed 5 billion baht in the first three months following its launch.

The Independent UK

Greek police arrest 2 people over 2010 fatal arson attack on Athens bank

Greek police have arrested two people in connection with the deaths in 2010 of three people trapped in a bank that was firebombed during a violent protest in Athens

The Times of India

Switzerland converted military tunnels in the Alps into gold vaults during World War II, hiding its reserves beneath solid rock as Europe descended into war

Switzerland moved its gold reserves into Alpine vaults before World War II. A military ammunition depot became a secure underground treasury for national assets. This decentralization expanded storage capacity and reduced urban risks during the war. The Alps became an integral part of Switzerland's financial infrastructure and defense. New research…

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