banks

‘Other problems might be lurking’: Strategist is unconvinced by Jamie Dimon’s bank crisis comments

JPMorgan Chase CEO Jamie Dimon’s assertion that recent turmoil in the banking sector was effectively ended by the resolution of…

Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers

Singapore’s largest lender DBS Group Holdings expects net interest income to taper off in the future, but the bank is…

Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling

WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and…

Jamie Dimon says ‘this part of the crisis is over’ after JPMorgan Chase buys First Republic

The crisis that led to the downfall of three regional U.S. banks in recent weeks is largely over after the…

JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008

Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after…

Charlie Munger says the U.S. commercial property market is in trouble: FT report

Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times…

Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic

U.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a…

Fed report on SVB collapse faults bank’s managers — and central bank regulators

Silicon Valley Bank’s dramatic failure in early March was the product of mismanagement and supervisory missteps, compounded by a dose…

Swiss central bank promises regulation review after collapse of Credit Suisse

The Swiss National Bank on Friday pledged to review banking regulations during its annual general meeting in Bern, following recent…

Barclays posts 27% rise in net profit for the first quarter, beats expectations

LONDON — Barclays on Thursday reported net profit of £1.78 billion ($2.2 billion) for the first quarter, beating expectations and…