The Business Times

US banking

Banking & Finance

Big US banks lower prime lending rates after Fed rate cut

JPMorgan Chase has recently added several senior bankers in technology, energy and activism defence and hired more than 300 bankers between January and April across its global banking unit.
Banking & Finance

Wall Street hires more senior bankers as growing confidence spurs deal rebound

“We don’t close accounts for political reasons, and we agree with President Trump that regulatory change is desperately needed,” JPMorgan said.
Banking & Finance

Trump says banks discriminate against his supporters

The Trump administration is pursuing a broad reform agenda aimed at modifying rules governing financial institutions.
Banking & Finance

White House readies order to fine banks for dropping clients over politics: WSJ

JPMorgan Chase, Citigroup and Wells Fargo are set to kick off second-quarter earnings on Jul 15.
Banking & Finance

US bank profits to climb on stronger trading, investment banking

JPMorgan Chase, the nation’s largest bank, raised its dividend to US$1.50 a share from US$1.40 and also announced a new US$50 billion share repurchase programme.
Banking & Finance

Biggest US banks hike dividends, announce share buybacks after acing stress tests

The US Fed unveiled a proposal on Wednesday that would overhaul how much capital large global banks must hold against relatively low-risk assets, as part of a bid to boost participation in US Treasury markets.
Banking & Finance

Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule

Wall Street firms could also see some relief in their stress capital buffers, an additional layer of capital that the Fed requires large banks to hold on top of minimum capital requirements.
Banking & Finance

Big US banks expected to ace stress tests, boost dividends

Banks, which have spent years modernising their IT systems to speed up processes and shave costs in the wake of the financial crisis, have been flocking into the new generation of AI tools that could further improve productivity.
Global Enterprise

Wall Street expected to shed 200,000 jobs as AI erodes roles

The FDIC took over Silicon Valley Bank in March 2023 when the bank suffered a sudden run on its deposits after reporting that it needed to raise more capital to offset losses on its portfolio.
Banking & Finance

US bank regulator considering legal action against former SVB executives

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