Katherine Doherty

New York

Finance reporter @business covering banks and market structure 💸. NYC-based. Boston Sports Everything. Marathon runner. Tips? ➡️ [email protected]

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Articles

Hidden Road Wins Broker-Dealer License After Ripple Acquisition

1 week ago | news.bloomberglaw.com | Katherine Doherty

Hidden Road received a license to operate as a broker-dealer, part of the firm’s expansion of its prime-brokerage business to reach more institutional investors. The company, which last week announced its acquisition by digital-asset firm Ripple, got the approval from the Financial Industry Regulatory Authority, according to Hidden Road President Noel Kimmel.
Hidden Road Wins Broker-Dealer License After Ripple Acquisition

1 week ago | bloomberg.com | Katherine Doherty

The price of Bitcoin against the US dollars, reaching over $100,000, on a screen at a cryptocurrency exchange store in Hong Kong, China, on Thursday, Dec. 5, 2024. President-elect Donald Trump's pick of a crypto proponent to be the next head of the US securities regulator lifted Bitcoin to $100,000 for the first time as traders warmed to the prospect of relaxed regulations.
Hidden Road Wins Broker-Dealer License After Ripple Acquisition

1 week ago | news.bloomberglaw.com | Katherine Doherty

Hidden Road received a license to operate as a broker-dealer, part of the firm’s expansion of its prime-brokerage business to reach more institutional investors. The company, which last week announced its acquisition by digital-asset firm Ripple, got the approval from the Financial Industry Regulatory Authority, according to Hidden Road President Noel Kimmel.
BofA’s Trading Head Sees Hedge Funds as Stable After Rough Week

1 week ago | news.bloomberglaw.com | Katherine Doherty

Investors that were squeezed by a pair of leveraged Treasury trades are on better footing after a painful week of unwinding, according to Bank of America Corp.’s president of global markets, Jim DeMare. The so-called basis trade and swap-spread trade caused pain for several large fixed-income players, DeMare said. But while individual traders suffered losses, many firms had other profitable wagers that prevented more severe stress as they reduced borrowing, he said.
JPMorgan, BNY Limit Information Sharing With OCC After Hack (2)

1 week ago | news.bloomberglaw.com | Jordan Robertson |Jake Bleiberg |Hannah Levitt |Katherine Doherty

Some of America’s biggest banks are limiting the sharing of information with the Office of the Comptroller of the Currency because they are concerned about potential security risks to their computer networks following a major hack of the regulator’s emails. JPMorgan Chase & Co. and Bank of New York Mellon Corp. have paused sharing information with the agency electronically, according to people familiar with the matter.
El negocio bursátil lleva a Bank of America a superar las expectativas del mercado

1 week ago | bloomberglinea.com | Katherine Doherty

Bloomberg — Los operadores de acciones de Bank of America Corp. (BAC) registraron un trimestre récord, ya que la empresa cosechó los beneficios de la volatilidad de los mercados y los ingresos netos por intereses superaron las estimaciones de los analistas. Los ingresos por negociación de acciones aumentaron un 17% hasta los US$2.180 millones en los tres primeros meses del año, según informó la empresa en un comunicado el martes.
Bank of America loan revenue rises, stock traders flourish

1 week ago | americanbanker.com | Katherine Doherty

Bank of America Corp.'s stock traders posted a record quarter as the company reaped the benefits of volatile markets and net interest income topped analysts' estimates. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America top analysts' estimates for per-share earnings. Trading of fixed income, currencies and commodities came in close to expectations, bringing in $3.46 billion.
BofA Stock Traders Notch Record Quarter, Loan Revenue Rises

1 week ago | bloomberg.com | Katherine Doherty

A Bank of America branch in New Jersey. Photographer: Bing Guan/Bloomberg(Bloomberg) -- Bank of America Corp.’s stock traders posted a record quarter as the company reaped the benefits of volatile markets and net interest income topped analysts’ estimates. Revenue from equity trading rose 17% to $2.18 billion in the first three months of the year, the company said in a statement Tuesday. That helped Bank of America beat analysts’ estimates for per-share earnings.
美國銀行季度股票交易收入創紀錄貸款收入成長

1 week ago | hk.news.yahoo.com | Katherine Doherty

【彭博】-- 美國銀行股票交易部門實現了創紀錄的季度業績，該公司從市場動盪中獲益，淨利息收入超過分析師預期。該公司周二在聲明中表示，今年前三個月股票交易收入成長17%，至21.8億美元。這幫助美國銀行每股純益超過了分析師預期。固定收益、外匯和大宗商品交易接近預期，帶來34.6億美元收入。執行長Brian Moynihan在聲明中表示，該行的銷售和交易部門連續第12個季度實現收入同比成長。「我們的企業客戶一直表現不錯，消費者展現出韌性，繼續消費並保持健康的信貸質量。」這家總部位於北卡羅來納州夏洛特的銀行表示，作為公司主要收入來源的淨利息收入成長2.9%，至144億美元。分析師此前預計淨利息收入成長2.3%。美國銀行的業績讓人們可以一窺美國大銀行在唐納德·川普第二個任期初期的表現。投資者也渴望從服務於大量美國消費者和企業的公司高管那裡了解到關於國民經濟的細節。摩根大通和高盛也公佈了超出分析師預期的收益，高管指出交易活動激增提振了業績。兩家銀行預計，在不確定的宏觀經濟背景下，交易勢頭將持續。原文標題BofA Stock Traders Notch Record...
JPMorgan, BNY Limit Information Sharing With OCC After Hack

1 week ago | bloomberg.com | Jordan Robertson |Jake Bleiberg |Hannah Levitt |Katherine Doherty

The Office of the Comptroller of the Currency (OCC) headquarters in Washington, DC. (Bloomberg) -- Some of America’s biggest banks are limiting the sharing of information with the Office of the Comptroller of the Currency because they are concerned about potential security risks to their computer networks following a major hack of the regulator’s emails. JPMorgan Chase & Co. and Bank of New York Mellon Corp.