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HSBC downgrades JPMorgan Chase, adopts 'a more cautious stance' on bank stocks

CNBC: Investing

The analyst noted a "more cautious stance" on larger banks like JPMorgan and Goldman Sachs over what he said is a still choppy macroeconomic backdrop. Martinez also downgraded Bank of America stock to hold and trimmed his rating on Goldman Sachs to reduce. " Analysts are split on JPMorgan Chase shares.

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JPMorgan upgraded by KBW one day after downgrade at other firm knocked stock

CNBC: Investing

"We are bullish on the long-term structural benefits of scale and have an affinity for business models that can produce leading returns with high degrees of predictability — both distinguishing characteristics of several Universal Banks," the analyst wrote of the larger banks.

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Coinbase is the 'most misunderstood' crypto stock and can rally nearly 50%, Bernstein says

CNBC: Investing

"Coinbase is the most misunderstood company in our Crypto coverage universe. Despite multiple growth levers, consensus remains bearish on the largest Crypto universal bank," he wrote. Shares of Coinbase closed at $344.82 Tuesday afternoon, meaning Chhugani's revised target represents upside of approximately 48%.

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RBI rejects 3 'not suitable' applications for setting small finance banks

Business Standard - FInance

These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday. RBI had received about a dozen applications to set up banks under the guidelines for 'on tap' Licensing of Universal Banks and Small Finance Banks (SFBs).

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Mizuho set to merge European banking and securities businesses

The TRADE

Mizuho Financial Group is planning a restructure of its European Union (EU) banking and securities businesses, bringing them together under one umbrella as a Universal Bank, subject to approval from regulators.

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BBVA head of FX sales departs for Lloyds Bank North America

The TRADE

Prior roles include four years as director of G10 and Emerging Markets FX at Dankse Bank, and before that director and FX trader at Societe Generale. In addition, New York-based Irwin previously spent almost six years at Nordic universal bank Nordea, most recently serving as senior dealer – foreign exchange sales and trading.

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People Moves Monday: Northern Trust, Lloyds Bank North America and more…

The TRADE

Prior roles include four years as director of G10 and emerging markets FX at Dankse Bank, as well as director and FX trader at Societe Generale. Elsewhere, Irwin spent almost six years at Nordic universal bank Nordea, most recently serving as senior dealer – foreign exchange sales and trading.