By the end of 2025, several of the top 25 banks in the United States have launched Bitcoin-related products, including custody and trading services from PNC Financial Services, and trading services from JPMorgan Chase and Charles Schwab. Some banks only serve high-net-worth clients, while banks exploring Bitcoin business include Citigroup and Fifth Third Bank.

According to Bank of America Institute, lower-income households saw after-tax wage growth accelerate to 4.1% in June, up from 2.9% in May—the narrowest gap with middle-income (3.4%) and higher-income (4.2%) households in years. Separately, PNC reports the spending gap between lower- and higher-incom

Odaily Planet Daily News According to the 13F filing submitted to the SEC, PNC Bank currently states that its BTC exposure is valued at $67 million, with assets under management by the bank reaching $3250

All 23 U.S. banks participating in its annual stress test have withstood a severe recession, the Federal Reserve said today. Despite projected losses of $541 billion, the banks will be able to maintain minimum capital levels while continuing to extend credit through a hypothetical recession. This clears the way for the U.S. banking industry to start a new round of dividends and buybacks. The test included giants including JPMorgan Chase & Co and Wells Fargo, international banks with large U.S. operations, and the largest regional lenders including PNC and Truist, but smaller banks avoided the test altogether, passing the stress test and It doesn't stand for "safety" like it did in previous years. Regulation on regional banks is expected to tighten in the coming months, while international standards are likely to tighten, raising capital requirements for large U.S. banks. Barr, the Fed's vice chairman for supervision, said: "Today's results confirm that the banking system remains strong and resilient. But the test is only one way to measure that strength. Efforts should continue to ensure that banks can withstand a range of economic scenarios, market shocks and other pressures."