Dossier
trading frenzy
Coverage of trading frenzy in the Nexus archive.
- US banks smash profit records after trading frenzy
The five largest US banks reported record profits of $49 billion driven by a trading frenzy linked to geopolitical uncertainty and technological upheaval, including SpaceX's recent IPO. JPMorgan's CEO Jamie Dimon described the current market conditions as near peak but uncertain in duration, while banks increased spending on AI tools despite warnings against costly models.