The payment of more interest on deposits hurts the bottom line of large US banks
The profit of the six main entities falls 3% in the first quarter despite the improvement in the investment banking business
The profit of the six main entities falls 3% in the first quarter despite the improvement in the investment banking business
Concerns have shifted to exposure to commercial real estate credit. The IMF estimates that vulnerable lenders have $5.5 trillion in assets, 23% of the total
Deposit outflows are the weak flank of U.S. banking, but they are not a technology-driven phenomenon, and it’s far from inevitable
Citigroup announced it was going to cut 20,000 jobs, roughly 10% of its workforce as part of Citi’s restructuring
Regulators are seeking to ensure that more banks have sufficient capital cushion to cope with a financial crisis
The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, where the banks experienced bank runs after fearful customers with uninsured deposits pulled their money en masse
Senators also sought to address whether senior executives in the U.S. are being rewarded more for short-term gains — like rising stock prices — than for ensuring their companies’ long-term health
The US economist criticizes the loosening of regulations under Trump and discusses the risk that central banks will go too far with rate hikes
A study by academics in the U.S., France and Spain has found that Silicon Valley Bank’s collapse was preceded by a spike in social media chatter
About 46% of all banks said they had raised standards for business loans known as commercial and industrial loans, up from just under 45% in the previous quarter
The rescue packages for Silicon Valley Bank, Signature Bank and First Republic have been marked by a careful balance between state and private intervention
Uncertainty continues to pummel the banking industry, despite assurances from financial regulators and bankers
Shares of PacWest Bank plunged nearly 50% Thursday after the company confirmed reports that it was considering ‘strategic options,’ that may include the possible sale of the company
Like the Federal Reserve has done, the ECB is stepping back from a string of jumbo hikes aimed at snuffing out inflation
Officials are meeting on Wednesday to make a decision, shortly after the bailout and sale of First Republic, the third bank to go under in two months
Stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits and commercial banks like Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank
It is the third American bank to be bailed out in two months, and this is having an impact on confidence levels and on the country’s bank deposits as a whole
Investors and analysts have also worried about banks such as Comerica and KeyCorp, which also had large numbers of accounts with deposits above the federally-insured level of $250,000
The agency proposed rethinking its decades-old policy of insuring up to $250,000 in bank deposits so that regulators could cover higher amounts on a ‘targeted’ basis
San Francisco-based lender is the third midsize bank to fail in two months. It has struggled since the collapse of Silicon Valley Bank and Signature Bank
The Fed finds that while poor management ultimately doomed Silicon Valley Bank, watered down regulations and social media’s ability to rapidly hasten a bank run also contributed
The technological giant – with almost infinite commercial and financial capacity – has made a big play in the financial services sector at a critical moment
The San Francisco bank plans to sell off unprofitable assets, including low interest mortgages it provided to wealthy clients
It was only after a group of large banks stepped in to save the bank by depositing $30 billion in uninsured deposits in First Republic that the bank was able to staunch the bleeding
The Fed has unleashed a rapid series of rate hikes to combat inflation, which has prompted banks to pay higher interest on traditional savings products like money market funds, certificates of deposit and regular savings accounts
The CEO of BlackRock, the largest money-management firm in the world, talks to EL PAÍS about the U.S. banking crisis, rate rises and why he’s a believer in bitcoin
The nation’s second-largest bank by assets posted a profit of $8.2 billion, up from $7.1 billion in the same period a year earlier