Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapse
Credit Suisse on Monday revealed that it suffered net asset outflows of 61.2 billion Swiss francs ($68.6 billion) during the…
‘Utterly irresponsible’: SVB failure was caused by a banking — not tech — crisis, top VC says
LONDON — The collapse of Silicon Valley Bank was the result of a crisis in banking rather than technology, according…
Veteran investor David Roche says a credit crunch is coming for ‘small-town America’
The banking turmoil of March, which saw the collapse of several regional U.S. lenders, will lead to a credit crunch…
Supreme Court says Halkbank not immune from U.S. prosecution for Iran sanctions violations under FSIA
The Supreme Court ruled Wednesday that Halkbank, which is owned by the government of Turkey, is not immune from criminal…
Morgan Stanley tops estimates on better-than-expected bond trading revenue
Morgan Stanley on Wednesday topped estimates for first-quarter profit and revenue on better-than-expected trading results. Here’s how the company did:…
UK inflation rate surprises again with March figure holding above 10%
U.K. inflation unexpectedly remained in double-digits in March as households continued to grapple with soaring food and energy bills. The…
Bank of America customers are spending more and that’s supporting U.S. employment, CEO says
Bank of America‘s customers are spending freely on dining, entertainment and other experiences, which in turn supports U.S. employment, CEO…
JPMorgan Chase CEO Jamie Dimon depositions set in Jeffrey Epstein sex trafficking lawsuits
JPMorgan Chase CEO Jamie Dimon can be questioned under oath for up to seven hours over two days in depositions…
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans
Goldman Sachs posted first-quarter results Tuesday that missed analysts’ expectations for revenue after taking a $470 million hit tied to…
