JPMorgan CEO Dimon says bank is convening a ‘war room’ on debt ceiling
NEW YORK, May 11 (Reuters) – JPMorgan Chase & CO (JPM.N) CEO Jamie Dimon said on Thursday the bank is convening weekly meetings to discuss...
Fed’s Kashkari says tight monetary policy may be needed for ‘extended’ time
May 11 (Reuters) – An extended period of high interest rates and an inverted yield curve could put more stress on banks, but would be...
Europeans drain billions from banks, fed up with shrinking savings
LONDON/DUBLIN, May 4 (Reuters) – European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up...
Gold advances on fresh banking jitters as Fed verdict looms
FOMC starts two-day meeting on interest rates Fed widely seen raising rates by 25 bps Markets see no chance of another hike in June May...
Bank of England projects 100 billion pound loss for QE programme
LONDON, April 28 (Reuters) – The Bank of England estimated on Friday that its quantitative easing programme would rack up a total financial loss of...
Exclusive: US regulators worried about uninsured deposits before March crisis
April 27 (Reuters) – Four months before the second-largest bank failure in U.S. history, key banking regulators worried about the dangers large regional lenders posed...
Gold dips as rate hike bets hold despite weak data, dollar gains
U.S. economic growth slows, inflation remains sticky – data Markets expect 25 bps Fed rate hike next week Higher rates can worsen banking crisis –...
US regional banks’ shares slip as deposit flight counters higher interest income
April 20 (Reuters) – A clutch of U.S. regional lenders on Thursday joined peers in reporting deposit outflows for the first quarter as customers spooked...
EU plans to prevent taxpayer cash being used to save failing banks
April 18 (Reuters) – The European Union on Tuesday proposed making it harder for states to pour billions of euros of aid into an ailing...
Factbox: How big U.S. banks are managing bad loan reserves
April 17 (Reuters) – U.S. banking heavyweights set aside billions of dollars in the first quarter to account for potential bad loans, as rising interest...