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Business
CNBC Daily Open: China shuts down record 670 banks, new worries over oil and AI
1 news sources are covering this Business story right now — PULSE is tracking how fast it spreads.
Banking Sector
11 trends tracked about this subject — the full history, oldest to newest below.
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China closes hundreds of banks to bolster financial system
China has shuttered 670 banks in a single year, reducing its total bank count by nearly 25% in a massive effort to stabilize its financial system.
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Business
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Trump’s Apparent Crypto Conflicts Could Sink the CLARITY Act
Cryptocurrency interests and traditional banking institutions are locked in a high-stakes lobbying battle over the CLARITY Act.
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Business
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123-year-old bank quietly closes 26 locations
Simmons Bank is shutting down 26 branch locations as part of a quiet reduction in its physical footprint.
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Business
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Simmons First to close 26 branches, including six in Arkansas
Simmons Bank is initiating a significant footprint reduction by closing 26 branches across multiple regions, including Arkansas and the Mid-South.
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Business
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Trump’s Family Joins a Rush to Start New Banks
6 news sources are covering this Business story right now — PULSE is tracking how fast it spreads.
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Business
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Monte dei Paschi explores Banco BPM takeover after ‘merger of equals’ talks collapse
6 news sources are covering this Business story right now — PULSE is tracking how fast it spreads.
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Business
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Stocks gain on drop in US inflation rate; ASML tops forecasts
Global markets rally as US inflation slows, bolstered by strong bank profits and ASML exceeding financial forecasts.
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Business
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S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
Cooling June inflation and strong bank earnings have propelled the S&P 500 and Nasdaq higher as market fears over interest rates subside.
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Business
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Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
Major Wall Street banks are reporting record-breaking profits driven by trading and dealmaking, yet leadership warns of significant systemic risks.
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Business
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Big bank profit engines expected to roar into earnings as Main Street keeps spending
Major U.S. banks are poised to kick off Q2 earnings season with expectations of strong profits driven by consumer spending and high-profile financial activity.