CyaSpace Posts

Mastercard is exploring a potential sale of Vocalink, its UK-based payments subsidiary, according to a Financial Times report. The move comes as Mastercard reviews its portfolio of assets.

Federal Reserve Chair Warsh has pledged to continue carrying out his duties if challenged by President Trump, according to a Reuters report published on July 14, 2026.

A UK government AI adviser has characterized UK banks' lack of access to Mythos as a wake-up call for the financial sector.

JPMorgan reported the highest quarterly profit ever recorded by a U.S. bank, driven by a surge in dealmaking and stock trading, according to Reuters.

Bank of America has added nine senior investment bankers to its US middle market team, according to a Reuters report, signaling continued investment in the mid-tier corporate segment.

Wells Fargo reported quarterly profit that exceeded expectations, driven by a surge in trading revenue and growth in lending activity, according to Reuters.

The Bank of England has identified rising risks to financial stability from artificial intelligence, according to a Reuters report. The warning highlights ongoing supervisory concerns about AI adoption in the UK financial system.

Reuters reported that Chinese authorities have instructed some banks not to re-discount bills at rates below 0.5%, according to sources familiar with the matter.

According to a source cited by Reuters, AI-driven finance startup Flex has approximately doubled its valuation to around $1.2 billion. The report signals continued investor appetite for artificial intelligence applications in financial services.

President Trump announced the US will drop a proposed fee on cargo transiting the Strait of Hormuz, saying the plan will be replaced with investment from Gulf states into the United States.

Goldman Sachs reported quarterly profit that exceeded analyst expectations, driven by a surge in trading activity and a rebound in corporate dealmaking, according to a Reuters report.

JPMorgan has posted a record quarterly profit, with significant contributions from its investment banking and equities trading divisions, according to a Reuters report.