US banking
Big US banks lower prime lending rates after Fed rate cut
MAJOR US lenders lowered a key interest rate on Wednesday, providing US consumers a reprieve on borrowing costs, after the Federal Reserve cut interest rates for the first time this year.
Wall Street hires more senior bankers as growing confidence spurs deal rebound
While hiring for senior managing director positions has been steady, junior staff hiring jumps 200% in August
Trump says banks discriminate against his supporters
[WASHINGTON] US President Donald Trump on Tuesday (Aug 5) said he believes that banks discriminate against him and his supporters, adding that Bank of America and JPMorgan Chase had previously refused...
White House readies order to fine banks for dropping clients over politics: WSJ
The order authorises monetary penalties, consent decrees or other disciplinary measures against violators
US bank profits to climb on stronger trading, investment banking
[NEW YORK] Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.
Biggest US banks hike dividends, announce share buybacks after acing stress tests
[NEW YORK] US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health check last week.
Wall Street forecasts windfall for big US banks from Fed plan to ease leverage rule
The plan marks the first in a possible series of deregulatory moves
Big US banks expected to ace stress tests, boost dividends
The results of Fed’s so-called ‘stress tests’ on Friday will determine how much cash lenders would need to hold to withstand a severe economic downturn
Wall Street expected to shed 200,000 jobs as AI erodes roles
GLOBAL banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence (AI) encroaches on tasks currently carried out by human workers, according to Bloomb...
US bank regulator considering legal action against former SVB executives
THE chairman of a leading US banking regulator said on Tuesday his agency is considering legal action against six former officers and eleven former directors of Silicon Valley Bank.
