JPMorgan Chase on Friday topped analysts’ estimates for third-quarter profit and revenue as the bank generated more interest income than expected, while credit costs were lo… Read More
Banks are at the heart of modern economies, providing the liquidity needed to run smoothly. They are also consistent profit generators, which means investor attention keeps coming back to th… Read More
While U.S. Goverment have emphasized the stability of the banking system, there are signs of increased customer distrust and a potential domino effect. The U.S. sovereign credit risk index… Read More
Money-market fund assets reached a new all-time high this week as interest rates above 5% continue to attract investors at a time when the Federal Reserve appears determined to keep rates e… Read More
JPMorgan Chase's first-quarter profits rose due to higher interest rates, which allowed the bank to charge customers more for loans. The bank's deposits grew noticeably, as business and cust… Read More
Profits for JPMorgan Chase (JPM) and Wells Fargo (WFC) surged in the second quarter while falling sharply at Citigroup (C), demonstrating a divide in how the banking world is faring as… Read More
It seems like the US banking crisis is not over yet. On May 1, 2023, the regulators decided to seize debt-ridden First Republic Bank (FRB) and sold all of its deposits and majority of its as… Read More
The Numbers
Bank of America reported a profit of $7.4 billion last quarter, up nearly 20 percent from the year before.
Revenue grew more than 10 percent, to $25.2 billion in the second qu… Read More
First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California.
Tayfun Coskun | Anadolu Agency | Getty Images
Regional bank stocks spiraled lower Wednesday… Read More
By ForexTime
Fed to release bank stress test results after US markets close today
2023’s test comes after several US banks, including SVB, collapsed in March
WSt30_m index may… Read More
The stocks of regional banks have rallied from their lows in the spring. Yet their earnings remain under pressure.
Many lenders this week revised down their estimates of a key measure… Read More
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NEW DELHI: Despite a global banking crisis, several US lenders on Friday reported better-than-expected Q1 earnings, esceeding investor expectations. Banks like JPMorgan Chase… Read More
(Bloomberg) — Considering the fact that going all-in on Bitcoin about a 10 years ago, Tyler and Cameron Winklevoss have experienced their share of ups and downs. But these days… Read More
As an almost counter-intuitive development, savings interest rates in the United States have reached a 15-year high. Given the higher returns they now offer, one would ordinarily expect s… Read More
NEW YORK (AP) — California’s bank regulator said Monday that it was too slow to see the growing risks at Silicon Valley Bank and did not act forcefully enough to get the bank to… Read More
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Depositors pulled about $102 billion out of First Republic Bank in the first three months of 2023 as the bank’s customers rushed to withdraw the… Read More
(Bloomberg) — This year’s 20% rally in US technology stocks is decoupling from truth in advance of what’s predicted to be a gloomy reporting period, the most recent M… Read More