Tag: banks

Citigroup tops estimates for first-quarter revenue on better-than-expected Wall Street results

Citigroup on Friday posted first-quarter revenue that topped analysts' estimates, helped by better-than-expected results in the bank's investment banking and trading operations.Here's how the...

Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI

The Morgan Stanley digital sign is seen at the company's Times Square headquarters in New York, U.S., on Friday, Jan. 12, 2016.John Taggart |...

US embrace of remote working empties offices, weighs on banks – Times of India

WASHINGTON: The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners...

RBI asks banks to check end use of card payments – Times of India

MUMBAI: RBI has asked credit card issuers to set up a system that can ascertain the end use of funds to keep a check...

Cevian Capital takes a stake in UBS. How the activist’s track record with banks could help it build value

UBS expects to complete its takeover of Credit Suisse "as early as June 12", which will create a giant Swiss bank with a balance...

RBI junks IMF claim of bank’s excessive forex intervention – Times of India

NEW DELHI: International Monetary Fund (IMF) has criticised Reserve Bank of India's intervention in the foreign exchange market, hinting at attempts by authorities to...

Generative AI has landed on Wall Street. Here’s how it can help propel ‘massive’ revenue growth

Yuichiro Chino | Moment | Getty ImagesLike it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to...

Wall Street CEOs try to convince senators that new capital rules will hurt Americans as well as banks

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup;...

Small Business Funding Insights From Metro Bank’s Capital Raising Move

At the start of October, share prices for Metro Bank plummeted after reports that the lender was preparing to raise up to £600 million...

Regional bank shares slump as lenders warn of more pain from higher interest rates

Signage is displayed outside of a Comerica Bank branch in Torrance, California, on March 13, 2023.Patrick T. Fallon | AFP | Getty ImagesStock Chart...

The Business Credit Crunch At Big Banks Worsens

Big bank lending to small businesses has stalled for over a year, while credit unions return to an all-time low. Loan approval percentages rose...

Fed Raises Interest Rates To 22-Year High, Credit Crunch Continues For Small Businesses

In an expected move, the Federal Reserve raised interest rates by a quarter of a percentage point (25 bps) at its Federal Open Market...

Wells Fargo announces $30 billion buyback, shares rise

Wells Fargo building in San Francisco.Source: CNBCWells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock.The company...

JPMorgan, Wells Fargo and Morgan Stanley to boost dividends after clearing Fed stress test

Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.CNBCLarge U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said...

Boosting CDFI Loans Through A New Secondary Market

Bank financing for entrepreneurs is harder to get these days, thanks to rising interest rates and the collapse of Silicon Valley Bank. That’s especially...

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