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…
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…
