NVIDIA (NVDA.O): French President Macron and CEO Jensen Huang discussed AI safety and NVIDIA’s recently launched open agent safety platform.

Despite higher rates, consumer and corporate borrowing kept pace, lifting JPMorgan, Citigroup and Wells Fargo to a combined Q3 net interest income of $56.5bn, the fifth consecutive quarter of record NII, results published Tuesday showed. JPMorgan said it expects net interest income to increase further in 2027, a contrast with earlier industry assumptions of falling rates when record trading revenue had drawn investor focus. All three banks reported declines in nonaccrual loans and said borrowers broadly remain able to service debt. BofA will report Q3 results on Wednesday. Banks said they remain cautious amid geopolitical risks in Ukraine and the Middle East, persistent inflation and elevated oil prices.

The US Treasury fined Bank of America (BAC.N) $1.2bn for “serious and persistent” anti‑money‑laundering and sanctions compliance failures, saying the bank failed to report suspicious transactions totaling more than $5bn. The penalty includes a record $750m civil fine from the OCC; the Office of Foreign Assets Control reached an $11.6m settlement over alleged violations tied to Iran, Russia, drug trafficking and global terrorism sanctions. Regulators required Bank of America to enter a consent order that mandates third‑party remediation to identify and report previously undetected suspicious transactions. The action is a regulatory hit ahead of the bank’s upcoming Q3 results.