Banks - Page 4

The market appeared to be on steadier footing on Tuesday, with demand falling to the lowest level in almost two weeks.

The repo market is still throwing a fit and no one knows why.

Financial institutions used to rely primarily on credit scores when giving out loans. Now they are considering unconventional criteria like whether applicants shop at discount stores, subscribe to magazines or pay their phone bills on time, according to a new report.

Police have arrested a Pennsylvania couple after they allegedly spent nearly $120,000 that was accidentally deposited into their account on May 31, reports said.

BERLIN (AP) — Germany’s struggling Deutsche Bank says it will cut 18,000 jobs by 2022 in a sweeping restructuring aimed at restoring consistent profitability and improving returns to its shareholders.

In answer to a question from a shareholder activist, Jamie Dimon said his bank was not debanking conservatives for their politics.

Bank of America’s 205,000 will be paid at least $20 an hour, chief executive Brian Moynihan said Tuesday.

Rep. Alexandria Ocasio-Cortez (D-NY), a self-declared proponent of “democratic socialism,” took pride Tuesday in questioning Wells Fargo CEO Timothy Sloan about the bank’s role in financing private projects that she considers objectionable, such as oil pipelines and prisons.

Philadelphia has reportedly become the first city in the United States to ban cashless stores and restaurants in an attempt to be more “inclusive” to Americans without bank accounts.

Regulators gave banks the greenlight to help out borrowers while the government is shut down.

International banking giant HSBC has hit back at critics of a globalist marketing campaign blasted as anti-Brexit, insisting that “quintessential Britishness” revolves around importing foreign goods.

Some D.C. restaurants, museums, and even banks are offering freebies to furloughed non-essential federal employees during the shutdown.

Oliver ‘Olly’ Robbins, the top bureaucrat who has become Theresa May’s key adviser on Brexit, may be snapped up by an investment banking corporation after the EU negotiations are complete. 

Jamie Dimon, the bank’s chief executive, said that trade war talk was more about “psyche” than “economics.” 

The Fed says that it has not eased up on the stress tests, even though the economy appears much healthier than in any period since the financial crisis. According to a senior Fed official, this year’s stress scenarios were the toughest to date.

Fifth Third’s $4.7 billion deal to purchase Chicago’s MB Financial is a sign that large regional banks are feeling pressure to grow and believe the regulatory environment has turned positive for bank mergers and acquisitions.

Wells Fargo stemmed the tide of the push for new financial restrictions on gun makers and sellers by stressing that it is not a bank’s job to set U.S. gun policy.

Investors operating under the auspices of the Interfaith Center on Corporate Responsibility (ICCR) are asking banks, gun makers, and gun retailers to cut ties with the NRA.

Amazon is “in talks with big banks” to create their own checking account product, according to a report.

The Fed slammed Wells Fargo with a far-reaching order that limits its growth and requires the replacement of four board members.

An economic agenda dedicated to putting Americans first is not only pushing unemployment down to record lows, it’s narrowing pay gaps also.

PARIS (AP) — Marine Le Pen, head of France’s right-wing National Front, said Wednesday that the party’s long-time bank, Societe Generale, has closed its accounts in what she said amounts to a “banking fatwa” to suffocate the party.

While the Republican tax bill unveiled Thursday is undoubtedly business-friendly, there is one set of American companies that come in for a new and costly tax: the big banks.

China appears to be souring on the decades-old decision to invest heavily in Venezuela, now arguably the world’s worst economy, with its state media suggesting Wednesday that keeping commitments to Venezuela “is at the cost of great risk” and the nation’s banks should reconsider business there.

Citigroup has warned clients that Theresa May’s position as prime minister is “unsustainable”, warning them to prepare for the government to collapse within a matter of months.

Regulation does not reduce risk. It just moves it around.

Treasury Secretary tells senators the administration wouldn’t break up the banks along the lines of the original Glass-Steagall Act

“He is the president of the United States, he is the pilot flying the airplane,” the chief executive of J.P. Morgan Chase said.

Goldman’s deposit-taking and lending operation is tiny compared to its investment banking business.

“The Trump administration’s [economic] agenda is the right agenda,” the chief executive and chairman of J.P. Morgan Chase & Co. said.

President Donald Trump is open to the idea of breaking up giant Wall Street banks, separating consumer lending and investment banking.

“It’s a great example of powerful government institutions punishing lower-ranking employees for systemic misconduct, and letting the big guys get away with impunity.”

Lending in the U.S. by foreign banks has started to contract.

LONDON (AP) — Taxpayer-owned Royal Bank of Scotland says it has set aside an additional $3.8 billion to cover fines and litigation costs related to its sale of bonds backed by U.S. subprime mortgages before the global financial crisis.

Wells Fargo bank has paid a settlement of $24 million after being accused of improperly repossessing the cars of hundreds of members of the U.S. armed forces serving overseas.

TEL AVIV – The Lebanese treasury recently started paying the salaries of Hezbollah ministers in cash in an attempt to evade sanctions from a new U.S. law targeting the terror organization.