Financial Highlights from the Recent Week You Should Know About:
- BANKING: US Banks Smash Earnings Reports​
Morgan Stanley​ reported record Q1 revenue of $1B, while ​Bank of America​ beat Q1 earnings & revenue estimates.
Both saw huge surges in investment banking revenue.
These two are the latest to blow up Q1 estimates, including JP Morgan, Citigroup and Wells Fargo. - COMPLIANCE: Canadian Regulator Cracking Down on Crypto Fraud
Fintrac, Canada’s money laundering regulator, recently ​revoked the registrations of 53 money service businesses​ based in the province of British Columbia (BC) alone.
The regulator is clamping down on criminal financing, crypto & financial scams and money laundering.
While Canadian financial institutions have good reputation, Canadian money laundering regulations are lagging behind. - CAPITAL MARKETS: Singapore Interbank Rate at 4 Year Low
Due to the US-Iran war causing massive capital outflow from the Middle-East and flowing into Asia, such as Singapore, ​Singapore’s interbank rate reached a 4 year low​ due to surging demand.
The quickest way to level up, become smarter & add value to your career in finance.
Signup for the FREE weekly newsletter: The Finance & Money Edge.
Get smarter about:
A weekly non-stuffy 2-minute read.
We value your privacy. We will never rent, sell or exchange your details. Our privacy policy.
