Interest rates take center stage with banks set to report quarterly results
Bank stocks remain under pressure due to high interest rates as financial firms like Club holdings Wells Fargo (WFC) and ...
Tag: Banks
China’s ‘Big Four’ banks rally after state wealth fund boosts stake
Bank of China is one of the major state-owned banks in China. Pictured here is a branch in Shanghai on ...
Lawmakers take aim at credit card interest rates, fees as cardholder debt tops $1 trillion
Luis Alvarez | Digitalvision | Getty ImagesSome lawmakers and regulators are calling for interest rate caps and lower fees on ...
This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says
A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., ...
UK’s embattled Metro Bank expected to struggle to raise capital with ‘no easy solutions’
The U.K.'s embattled Metro Bank has launched talks to sell a third of its mortgage book in an urgent attempt ...
Why borrowing costs for nearly everything are surging, and what it means for you
Federal Reserve Board Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting at the ...
Citigroup CEO Jane Fraser sees ‘cracks’ emerging among some consumers as savings dry up
Lower-end consumers have shifted buying patterns to save money as their bank accounts dwindle in size, according to Citigroup CEO ...
‘We have dealt with recessions before’: Jamie Dimon says geopolitics is the world’s biggest risk
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during ...
An HSBC-backed startup is using AI to help banks fight financial crime — and eyeing a Nasdaq IPO
The co-founders of Silent Eight, from left to right: Michael Wilkowski, Julia Markiewicz and Martin Markiewicz.Silent EightWARSAW — When it ...
Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors
Shannon Stapleton | ReutersMorgan Stanley has officially kicked off the generative AI era on Wall Street.The bank plans to announce ...
