Breaking News This Morning ...
Hot off the presses: Citigroup and Wells Fargo reported Friday morning that they saw second-quarter profits fall from a year earlier, though both either met or exceeded analyst expectations. Citigroup reported $4 billion in profit on $17.55 billion of revenue.
Meanwhile, Wells took home a profit of $5.56 billion on revenue of $22.2 billion.
Receiving Wide Coverage ...
Holding steady: JPMorgan took a victory lap Thursday after posting stronger than predicted financial results for the second quarter. The bank's chief financial officer, Marianne Lake, said the Brexit vote is "a political and economic challenge, but not a financial crisis."
Wall Street Journal
Digital desserts: Banks and merchants are battling for a larger share of consumers' mobile wallets. Even
Playing fair: The attack last month on a fund built around the virtual currency Ethereum has sparked a debate about whether the hacker should be allowed to
Financial Times
Banker pay in the spotlight: Regulators are going to have to
New York Times
'Bottom Line Nation': The Times has published the third installment of its investigation into the growing reach of private equity firms, this time looking at their influence in federal and state politics. The story also tracks Fortress Investment Group's