Tag: banking

March 11, 2022

Sky News understands that one of Goldman’s private equity funds is among four suitors for a stake in Nucleus that will value the business at about £700m. City sources said on Friday that the other bidders were Centerbridge Partners, GTCR […]

December 14, 2021

The U.S. Treasury Department announced Tuesday the release of $8.7 billion to help increase lending to small and minority-owned businesses and people living in poorer communities with limited access to banking. The funds from the Emergency Capital Investment Program, which […]

April 15, 2021

Bank of America reported Thursday profit that topped Wall Street estimates on booming investment banking and trading results, as well as the release of loan-loss reserves as fewer consumers were expected to default on debts. The bank posted a first-quarter […]

January 6, 2021

Banking stocks were rising Wednesday as Democratic challenger Raphael Warnock beat the Republican incumbent, Kelly Loeffler, in Georgia, opening up the possibility of a Democratic takeover of the U.S. Senate. Shares of JPMorgan Chase & Co. (JPM) – Get Report […]

January 15, 2020

Bank of America (BAC) – Get Report posted better-than-expected fourth-quarter earnings Wednesday as loan growth offset narrowing interest rate margins at the consumer-focused lender. Bank of America said earnings for the three months ending in December came in at 74 […]

March 28, 2019

Shares of Deutsche Bank and Commerzbank slipped after a report in the Financial Times stated that the former is in talks to raise as much as 10 billion euros ($11.2 billion) in fresh equity to support their potential merger. The […]

October 11, 2018

After President Donald Trump attacked the Federal Reserve over its interest rate hikes on Wednesday, senior officials and banking chiefs have raced to defend the U.S. central bank and its chairman, Jerome Powell. In the context of a Wall Street […]

September 20, 2018

Are you between 21 and 37? Please bank with us. That’s the message millennials are hearing as the battle between the big banks and fintech companies for their hearts and deposits heats up. The newest entrant in the fray – […]

February 22, 2017

Perhaps no institution has benefited more from Donald Trump’s election than the investment bank he flayed during the campaign as the very symbol of economic globalism. Goldman Sachs shares have soared since Trump’s win on hopes of more stimulus spending, […]

February 1, 2017

We all have “senior moments” and briefly forget a name, something at the store, or even why we went downstairs in the first place. Such a slip-up might be embarrassing or disconcerting, but it usually doesn’t cost anything—unless the moment […]

December 7, 2016

McKinsey is out with its annual global banking survey, and it makes for pretty miserable reading. The report is primarily focused on the challenges poses by low economic growth, the low interest rate policies that tend to go with it, […]

November 28, 2016

BEFORE the presidential election, Wall Street dreaded Donald Trump as a dangerous, unpredictable and disruptive, if improbable, president. Since his victory, fear has turned to hope. Stockmarkets are at record highs and shares in financial institutions have been among the […]

November 14, 2016

Donald Trump’s remarkable election as president and the Republican sweep of Congress offer a boon for mergers among mid-sized regional banks while dealing a potential blow to the biggest financial institutions through a House plan to change, if not repeal, the Dodd-Frank financial reform law. The results […]

October 4, 2016

The state of Illinois is suspending most of its banking relations with Wells Fargo. Illinois is the second state, following California, to punish Wells Fargo with a one-year business moratorium in the wake of the bank’s fake account scandal. Illinois […]

March 16, 2016

The banking sector is wracked by upheaval, and mainstream banks no longer seem like safe havens. Aggressive lending practices coupled with the commodity crash led by oil prices have made the big banks risky propositions. This is where two relatively […]

February 18, 2016

The fintech industry saw an extraordinary explosion in 2015. According to the Pitchbook, about $7.6 billion was invested in fintech companies in 2015; a substantial increase as compared to $4.7 billion in 2014 and $1.5 billion in 2013. These numbers are […]

December 4, 2015

A lack of inflation and lower interest rates could be here to stay, one expert said Thursday. Technological advances have driven pricing power and efficiency, contributing to lower prices in a range of items from oil to consumer goods, said […]