“A large bank” will be sanctioned by the U.S. next week
“A large bank” will be sanctioned by the U.S. next week, U.S. Treasury Secretary Scott Bessent said Thursday, without naming the financial institution nor the country. The announcement comes after Trump’s administration sanctioned the Dubai branches of the second largest bank in Egypt (Banque Misr) which is believed to have given Iranians $1.8 billion of funds. Turkey’s largest bank “that had been giving to the Iranians” will also be closed, according to Bessent. Source: CNBC
China’s calm economic surface is beginning to crack.
Beijing is injecting ¥360 billion ($56 billion) into eight major banks and insurers—its largest financial-sector recapitalization in nearly two decades. This follows another ¥500 billion injected since early 2025. Why now? - New bank lending contracted by a record ¥340 billion in July - China’s credit impulse has fallen to its lowest level since the Lehman crisis - Banking margins are at historic lows - Property losses and local-government debt remain major risks - The Big Four banks may face a ¥3.7 trillion capital shortfall under TLAC requirements Officially, this is a pre-planned effort to reinforce balance sheets and sustain lending—not an emergency rescue. But the message is difficult to ignore: China’s banks need more firepower because credit creation, loan demand and economic momentum are weakening sharply. The recapitalization strengthens the plumbing. Whether it revives growth is another question. Source: zerohedge
Jane Street ($4.4M), UBS ($7.5M), and Bank of Montreal ($6.7M) just showed up as confirmed HYPE ETF holders via 13F filings.
Source: Cointelegraph
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
