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2026-10-14T13:03:21.210Z

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Saudi 'Taqa' Grows Oil Services via Acquisitions

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11 Hrs2026-10-14T13:21:58.780Z
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Saudi Energy: Aramco Building Hit with Minor Fire

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13 Hrs2026-10-14T11:37:00.000Z
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U.S. Treasury penalizes Bank of America

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17 Hrs2026-10-14T07:43:08.000Z
U.S. Treasury penalizes Bank of America

Al-Keir secures new banking deal with Société Générale Saudi

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18 Hrs2026-10-14T06:25:47.564Z
Al-Keir secures new banking deal with Société Générale Saudi

China's nine-month trade surplus hits $938B

الاقتصاديةالاقتصاديةالاقتصادية
18 Hrs2026-10-14T06:22:34.246Z
China's nine-month trade surplus hits $938B
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Bank of America Profit Decline

Bank of America Profit Decline

A report states that Bank of America recorded a 17% decline in its profits during the third quarter of 2026, due to a $1.2 billion fine imposed by a US regulatory authority. Additionally, trading performance in the US market declined, particularly in fixed income instruments, despite a 7.9% increase in net interest income. The earnings fell short of analysts’ expectations, and the weak trading results have raised questions about risk management and internal oversight within the bank, at a time when the US banking sector faces mixed challenges during the earnings season.

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