BofA CEO Brian Moynihan said on Monday he expects third-quarter investment-banking revenue to decline at least 10%, while sales and trading revenue should be roughly flat. He forecast investment-banking revenue of $1.6–1.8bn versus $2.0bn a year earlier. Moynihan said trading reserves remain ample but warned that higher interest rates could damp some financing demand. He expressed confidence in U.S. economic fundamentals.

Shanghai Financial Regulatory Bureau issued guidance to boost tech finance in the city’s banking and insurance sectors. Banks are directed to expand tech lending with differentiated support on product limits, tenors, pricing and collateral for R&D and technology commercialization; banks may set their own methods for calculating tech firms’ working-capital needs. The guidance supports financing for breakthroughs in chokepoint technologies to strengthen supply-chain autonomy, promotes equipment upgrades via finance leases, and encourages M&A-led consolidation by prioritizing industry “chain‑leader” tech firms with strong innovation, large upgrade needs and broad market prospects to facilitate capital circulation.

A senior executive at Nigeria's state oil company said final investment decisions (FIDs) on two floating LNG (FLNG) projects are expected within 12 months.