Morgan Stanley names a head of artificial intelligence as Wall Street leans into AI
Morgan Stanley promoted a tech executive in its wealth management division to become the bank’s first head of firm-wide artificial…
HSBC is ‘very positive’ about the future of China’s economy, CFO says
HSBC is “very positive” about the mid- to long-term outlook for the Chinese economy despite current headwinds, the British bank’s…
Shareholder payouts hit a record $1.7 trillion last year as bank profits surged
LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by…
Watch Fed Chair Powell testify live before Senate Banking Committee
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent
New York Community Bank said Thursday it lost 7% of its deposits in the turbulent month before announcing a $1…
Why private equity has been involved in every recent bank deal
The $1 billion-plus injection that New York Community Bank announced Wednesday is the latest example of private equity players coming…
NYCB shares rebound after troubled regional bank announces $1 billion capital raise
Struggling regional lender New York Community Bancorp announced a $1 billion capital raise and a leadership shake-up on Wednesday, headlined…
British neobank Monzo raises $430 million in Alphabet-led round to relaunch in the U.S.
British digital bank Monzo on Tuesday raised $430 million in fresh capital from investors to help it relaunch its services…
New CFPB rule caps banks’ credit card late fees at $8
The Consumer Financial Protection Bureau unveiled a new rule on Tuesday that it said would cap the typical late fee…
Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again
Regional lender New York Community Bank may have to pay more to retain deposits after one of the company’s key ratings…
