Dow Jones Top Financial Services Headlines at 7 AM ET: BNY Profit Rises on Higher Net Interest and Fees | Big ...

Dow Jones
Oct 16

BNY Profit Rises on Higher Net Interest and Fees

Bank of New York Mellon posted higher third-quarter profit, boosted by a surge in net interest income and fees revenue.

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Big Banks Cash In on Well-Heeled Borrowers

JPMorgan, Bank of America and Wells Fargo see few signs of trouble among their consumer clients.

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They Signed Up for Citi's New Premium Card. It Turned Into a Nightmare.

The bank's Strata Elite cardholders say they have been locked out of their accounts for weeks, unable to make purchases or redeem rewards that cost an annual $595 fee.

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EQT Says Investment Exit Plan Continues While Fundraising Remains Strong

The Swedish private-equity company said it is on track to deliver 30 investment sales this year.

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Brokerages Battle to Win Over Active Investors. Trading Platforms Are the New Arms Race.

They're launching more-powerful trading tools and surprising new features in hopes of attracting more of these highly profitable customers.

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This veteran strategist is poking holes in the hype surrounding stablecoins

For all the hype around stablecoins, it's tokenization that may revolutionize finance, says a veteran financial markets strategist.

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How Jefferies Found Itself at the Center of First Brands' Collapse

The investment bank's deep ties to the auto-parts maker are likely to draw questions at its annual investor day Thursday

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Financial Services Roundup: Market Talk

Find insight on Bank of Queensland, Bank of America, Intesa Sanpaolo and more in the latest Market Talks covering Financial Services.

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Getty Trust's CEO Steers $9 Billion. How She Does It.

CEO Katherine Fleming says the Los Angeles-based arts institution spends "a lot of time figuring out where we're going to have the biggest impact through our grant making."

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The Nation's Biggest Banks Are Saying the Economy Is Still Strong

A boom in dealmaking and higher spending point to a healthy economy, while bears are watching frothy stock prices and a weakening job market.

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American Bankers Are Making a Mint Helping China Inc. Go Global

The unlikely U.S.-China collaboration is producing frothy markets in Hong Kong, the place where Wall Street and China Inc. meet for mutual profit.

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BlackRock's AI Consortium to Buy Aligned Data Centers in $20 Billion Deal

The companies said the transaction ranks among the largest data-center deals ever.

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U.S. Arranging $20 Billion Private Finance Facility for Argentina

Treasury Secretary Scott Bessent says 'private sector solution' is in the works as the Trump administration looks to expand a lifeline for ally Javier Milei.

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Blackstone Joins Race to Bring Private Assets to 401(k) Market

The investment giant readies a new business unit after President Trump issues an executive order regarding the inclusion of private assets in retirement plans.

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The Fed Can't Solve All Our Problems, Says Ex-Philly Fed President

When it comes to the fiscal side, the problems are much deeper than can be mitigated by just moving the fed-funds rate around.

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Strong U.S. Economy Powers Bank of America Profit Higher

The bank's quarterly profit rose 23%, with consumer spending up and investment banking results booming.

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PNC Profit Lifted by Net Interest Income Growth

PNC Financial Services Group logged higher profit and revenue in the third quarter as it continued adding customers.

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Refinancing Needs Drop, But an Advancing 'Maturity Wall' Heightens Risk

Moody's report shows a decline in debt maturing over the coming five years, but a closer peak that might elevate market risks.

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Synchrony Financial Posts Higher Profit, Revenue

$Synchrony Financial(SYF-B)$ logged higher profit and revenue in the third quarter as it returned to purchase volume growth, driven by stronger spending trends.

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S&P Global Buying Data and Analytics Firm With Intelligence for $1.8 Billion

S&P Global struck a deal to buy markets data and analytics firm With Intelligence for $1.8 billion, expanding its data coverage and reach across private markets.

 

(END) Dow Jones Newswires

October 16, 2025 07:00 ET (11:00 GMT)

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