Barclays and Deutsche Bank’s profits climbs
British multinational universal bank Barclays and Deutsche Bank’s profits surge, as a result of income from higher…
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U.S. banks
ECB sticks to keep increasing its interest rates
The European Central Bank (ECB) is expected to continue increasing interest rates, as the 2008 financial crisis is…
U.S. weighs new fund as backup if more banks fail
The U.S. Federal Reserve and the Federal Deposit Insurance Corp are considering creating a fund to allow regulators…
U.S. banks are ‘swimming in money’ as deposits increase by $2 trillion
A record $2 trillion surge in cash hit the deposit accounts of U.S. banks since the coronavirus first struck the…
U.S. banks could face same pressures as European counterparts, SocGen chairman warns
A Federal Reserve rate cut could lead to the same challenges for Wall Street lenders that European banks have been…
U.S. Banks’ Buybacks, Dividends May be No Reason for Shareholder Celebrations
Big U.S. banks, including JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N), are expected to win Federal…
U.S. Banks Ramp Up Credit Card Lending But Margins May Suffer
As traditional Wall Street moneymakers like stock and bond trading suffer, banks are growing increasingly willing…
U.S. Probes Barclays Over Ties To Saudi Prince
Barclays and a Saudi prince are at the center of a U.S. Department of Justice probe into whether the U.K. bank made…
JPMorgan To Cut Up To 17,000 Jobs By End Of 2014
JPMorgan Chase & Co said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6…
Basel Burden On Small Banks Faces Scrutiny At U.S. House Hearing
U.S. community banks and insurers will press their case for separate treatment from the biggest financial firms as…
HSBC Negotiates With U.S. Regulators Over Settling Money Laundering Case
HSBC Holdings Plc (HSBA), which is under investigation by U.S. regulators for laundering funds of sanctioned…
Ex-Citigroup Executive Sentenced To 8 Years For Embezzling US$ 23 Mln
Ex-Citigroup Inc. (C) Vice President Gary Foster was sentenced to 97 months in prison for embezzling almost $23…
Volcker Seeks Overhaul On Global Capital Flows
Former Federal Reserve Chairman Paul Volcker, the namesake of U.S. rules designed to rein in banks’…
Visa Outperformed JPMorgan As Cards Wage War On Cash
Visa Inc. (V) and MasterCard Inc. (MA), the biggest bank-card networks, produced better risk-adjusted returns than…
Citigroup Dismantles Committee Overseeing Toxic-Asset Division
Citigroup Inc. (C), the biggest U.S. bank to have regulators reject its capital plan this year, dismantled a board…
JPMorgan Injects $394 Mln In Chinese Arm
JPMorgan Chase & Co. (JPM), the biggest U.S. bank, increased the capital of its China unit by 2.5 billion yuan…
Museum Head To Oversee Risk At JPMorgan
The three directors who oversee risk at JPMorgan Chase & Co. (JPM) include a museum head who sat on American…
JPMorgan Hires William McLucas To Help In Investigations
JPMorgan Chase & Co. (JPM), the biggest U.S. bank, has hired former U.S. Securities and Exchange Commission…
JPMorgan Veered From Hedging Rules
JPMorgan Chase & Co. (JPM)’s biggest U.S. competitors say their corporate investment offices avoid the use of…
JPMorgan’s Dimon Receives $23 Mln Pay Package Despite $2 Loss
Even as he apologized for a $2 billion trading loss, JPMorgan Chase CEO Jamie Dimon's $23 million pay package was…
JPMorgan Executives Expected to Quit
Three top executives involved with a failed hedging strategy that cost JPMorgan Chase & Co at least $2 billion…
Fitch Lowers JPMorgan Rating To AA- On $2 Bln Loss
JPMorgan Chase & Co. (JPM), the largest and most profitable U.S. bank, had its credit grade lowered one level…
Rally Against Bank Of America
New York City police have arrested several Occupy protesters outside the Manhattan offices of the major US…
U.S. Banks Have Ample Liquidity: Warren Buffett
Warren Buffett, whose Berkshire Hathaway Inc. (BRK/A) has more than $19 billion invested in U.S. banks, said the…
U.S. Regulator Criticizes Banks On Risk Models
U.S. Federal Reserve criticized how some of the 19 largest U.S. banks calculated potential losses and planned…
U.S. Banks Refuse Regulator’s Credit Limits
The largest U.S. banks, including JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS), told the…
U.S. Banking Regulators Shut Down 5 Banks
U.S. Federal and state banking regulators shut down five banks, bringing the total number of bank failures this…
US Banks To Comply With Volcker Rule By July 2014
U.S. banks will have two years to implement the so-called Volcker rule so long as they make a “good faith” effort…
50-60 U.S. Banks Expected To Fall This Year
The number of U.S. bank failures is expected to drop this year to about 50 to 60 institutions as the industry…