What to expect from bank earnings as high interest rates pressure smaller players
The benefits of scale will never be more obvious than when banks begin reporting quarterly results on Friday. Ever since…
Goldman Sachs promotes head of strategy and investor relations, Carey Halio, to global treasurer
Carey Halio, Goldman Sachs’ head of strategy and investor relations, is getting promoted to global treasurer at the bank, according…
‘Lose-lose situation’: New Swiss bank laws could derail UBS’ challenge to Wall Street giants
Switzerland’s tough new banking regulations create a “lose-lose situation” for UBS and may limit its potential to challenge Wall Street…
New York Community Bank’s online arm is paying the nation’s highest interest rate
New York Community Bank, the regional lender that needed a $1 billion-plus lifeline last month, is offering the country’s highest…
Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers
Jamie Dimon, the veteran CEO and chairman of JPMorgan Chase, said he was convinced that artificial intelligence will have a…
Swiss banking giant UBS to launch share buyback of up to $2 billion
UBS on Tuesday announced a new share repurchase program of up to $2 billion, with up to $1 billion of…
Immigration is boosting the U.S. economy and has been ‘really underestimated,’ says JPMorgan research head
The recent surge in immigration into the U.S. is helping to bolster the economy despite a raft of global challenges,…
Bank of England set to hold rates, but falling inflation brings cuts into view
LONDON — The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists…
Banks are in limbo without a crucial lifeline. Here’s where cracks may appear next
The forces that consumed three regional lenders in March 2023 have left hundreds of smaller banks wounded, as merger activity…
‘Glitch’ at Ethiopia’s biggest bank sees customers withdraw millions that isn’t theirs
Ethiopia’s largest bank is struggling to recoup millions of dollars after a glitch over the weekend allowed customers to withdraw…
