The U.S. Department of Justice is investigating transactions tied to a business network connected to Iran's Supreme Leader Mojtaba Khamenei, involving major U.S. banks like JPMorgan Chase and Citigroup. The probe focuses on potential money laundering and sanctions evasion through complex international investment structures. While the banks' roles are under review, the primary target is Khamenei and his network. This investigation highlights ongoing challenges in monitoring sanctioned entities amid heightened U.S.-Iran tensions.
Jim Cramer highlighted that major tech companies like Nvidia, Google, and Meta are raising huge amounts of capital, benefiting big banks through underwriting fees. He identified four key drivers boosting bank profits: higher short-term interest rates...
US Financial 15 Split Corp announced a monthly preferred share dividend of $0.07317, equating to a 10% annual yield based on the previous month's net asset value. The dividend will be paid on July 10, 2026, to shareholders recorded as of June 30, 202...
Investors shifted funds into financial stocks, with the XLF ETF rising 1.5%, while technology stocks fell, with the XLK ETF dropping 2.8%, as markets anticipated the first Federal Reserve policy meeting under new Chairman Kevin Warsh. Chip stocks led...
Major US banks JPMorgan, Citibank, and Bank of America show signs of being overbought as the market heads into the Juneteenth holiday on Friday. JPMorgan faces resistance near $335 and may see short-term selling, while Citibank is favored for steady ...
Financial 15 Split Corp. completed an overnight offering of preferred shares, raising approximately $107.8 million. The funds will be invested in a portfolio of high-quality North American financial services companies, including major banks and insur...
