US President Donald Trump's attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat.

[WASHINGTON] The US banking sector reported US$62.6 billion in profits in the second quarter of 2019, an increase in profit levels from the prior year, according to data from the Federal Deposit...

JPMORGAN Chase reported record quarterly profits on Tuesday behind strong consumer business, but shares were pressured by worries over expected Federal Reserve interest rate cuts on a day of mixed...

[BENGALURU] Citigroup beat analysts' estimates for quarterly profit on Monday, as a tight lid on costs and strength in consumer lending helped the third-largest US bank counter weakness in its...

[NEW YORK] Mechanics Bank agreed to buy much of Dutch lender Rabobank Group's US operations for about US$2.1 billion, bringing together two California lenders and extending the combined company's...

[NEW YORK] In a world with fewer branches, banks will need to rely more heavily on advertising to win market share, according to a study released on Thursday by McKinsey.

[NEW YORK] US bank stress tests conducted during an "interim" period this year will help the Federal Reserve decide what permanent changes to make to the closely followed examinations,...

[NEW YORK] With two months until Brexit takes effect, US banks have begun transferring some London staff to continental Europe and drawing up contingency plans in case of a "hard" Brexit...

[WASHINGTON] The US government shutdown has handed banks a rare opportunity to tout their nicer side as they prepare for rough treatment under a Democrat-controlled House of Representatives.

[NEW YORK] Ten years after Wall Street recklessness helped lead to the Great Recession, compensation for top bank CEOs is soaring even as pay flattens at junior levels.