The Iran war is accelerating the rise of the Chinese yuan in global trade:
China’s Cross-Border Interbank Payment System (CIPS) has grown rapidly, with daily transactions rising from about 300 billion yuan in 2021 to a record 920 billion yuan in March 2026, briefly peaking at 1.22 trillion yuan in April. Created in 2015 as an alternative to Western payment networks, CIPS is increasingly used by sanctioned countries like Russia and Iran for energy trade. Saudi Arabia is also expanding renminbi-based oil transactions with China, boosting “petroyuan” speculation, though the US dollar still dominates global oil trade.
First US Banks Q1 earnings results are IN. Goldman Sachs $GS Delivers Massive Q1 2026 Beat!
GS just dropped its first-quarter results, and the numbers are impressive. With the stock currently moving 3.28%, here are the most important highlights you need to know: Net Revenues: $17.23 billion up 14% YoY and 28% vs. Q4 2025. Diluted EPS: $17.55, significantly outperforming last year's $14.12. Net Earnings: $5.63 billion for the quarter. Segment Performance: Global Banking & Markets: A powerhouse quarter with $12.74 billion in revenue (+19% YoY). Investment Banking Fees: Surged 48% to $2.84 billion, fueled by a major comeback in M&A Advisory. Equities: Jumped 27% to $5.33 billion, driven by record-level financing and intermediation. Asset & Wealth Management: Solid growth with $4.08 billion in revenue (+10% YoY). Source: Hataf Capital
Fed to the rescue of banks again ???
REPO $26B on Monday 8:30 am
🚨 In case you missed it...
JPMorgan cracked nearly 5% yesterday after the bank told investors that it will spend billions of dollars more in expenses ...
Yesterday was officially the first day Bank of America stock has fully recovered from the Global Financial Crisis.
Source: Dividendology @dividendology
BREAKING: U.S. Banks
FED just did it again! Another $24 Billion injection into the U.S. Banking system Make that $125 Billion over the last 5 days Source: zerohedge
This chart shows how bank lending has quietly reshaped the credit world
Since 2015, loans to non depository financial institutions (NDFIs) basically private equity and private credit funds have skyrocketed nearly 300%, while everything else has barely moved. Consumer loans, commercial real estate, residential lending, all flat. The growth is almost entirely in one direction, banks lending to the lenders. Source: StockMarket.news
Banks warning about private credit quality while funding its growth:
Wells Fargo: $60B lent to private credit BofA: $33B PNC: $30B JPM: $22B Total: Nearly $300B Weird to raise alarms about "cockroaches" when you’re the one feeding them... Source: Bloomberg, junkbondinvestor
