Apex Group pilots Trump-linked WLFI stablecoin USD1 for tokenized fund flows
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Bank of America plunges 6%! CEO says Q3 trading revenue is flat and investment banking income falls short of expectations
Bank of America CEO Brian Moynihan stated that the bank's trading revenue this quarter will be "relatively flat" compared to the third quarter last year, in contrast to the surge in revenue experienced on Wall Street during the first half of this year. He also expects investment banking fees to be between $1.6 billion and $1.8 billion, falling short of the market's expectation of nearly $2 billion.
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