U.S. banks reported first quarter profit of $56 billion, according to FDIC today, absolutely smashing the record. Tax break went a long way, but even without it, agency said the industry would have had more than $49 billion in net income — also a record.
Jesse Hamilton
5,646 posts
Deputy managing editor for @CoinDesk, covering how the government is dealing with crypto; former Bloomberg, Hartford Courant, etc. -- RTs aren't endorsements
- Some dramatic swings in Kamala Harris news this week.
- CFTC Already Preparing to Be Crypto Watchdog, Behnam Tells US Senators coindesk.com/policy/2022/09… via @coindesk
- It's hard to overstate the volume of the message that would be sent to Wall Street and crypto-world by this expected nomination of professor Saule Omarova as one of the financial sector's most important overseers. @STOmarova bloomberg.com/news/articles/… via @bpolitics
- U.S. banks are so profitable, they're obliterating records. For the first time in a single quarter, FDIC says the industry cleared more than $60 billion -- most of that among the megabanks. Recent tax breaks gave them more than $6 billion, but revenue is also up a ton.
- Crypto is urgent, explosive and captivating, so I've seized a chance to do up-close coverage for CoinDesk, where I'm now deputy managing editor for global policy and regulation. Translation: I'm writing what the feds want to do about crypto and how the industry tries to steer it.
- Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework coindesk.com/policy/2022/04… via @coindesk @nikhileshde
- A federal judge told @BinanceUS and @SECGov to get back to negotiations, rebuffing the agency’s request for an asset freeze and telling them to update her by Thursday.
- Well, folks, I’ve logged out of the Bloomberg terminal for the last time. It’s been an adventure, and my thanks goes out to the readers, sources and terrific competitors I’ve crossed paths with for more than a decade. Tune in next month to find out what’s coming next.
- Crypto Proponents Fear SEC 'Backdoor' Regulations on Exchanges, Dealers coindesk.com/policy/2022/04… via @CoinDesk
- Hodlonaut Wins Norwegian Lawsuit Against Self-Styled 'Satoshi' Craig Wright coindesk.com/policy/2022/10… via @coindesk @cheyenneligon @jackschickler @nikhileshde
- Interesting timing: While the big-bank CEOs testify on the Hill today, FDIC reveals in its quarterly report that U.S. banks raked in an unprecedented $76.8 billion in profit in the first quarter, shattering all records. bloomberg.com/news/articles/… via @bpolitics
- While the U.S. @SECGov did reject @coinbase's petition for crypto regulations, two of the five commissioners disagreed with that decision. coindesk.com/policy/2023/12… via @coindesk
- OK, crypto, I'm starting to think you might not have a love connection with the @SECGov. coindesk.com/policy/2023/03… via @CoinDesk @JamieCrawleyCD

