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US banking giants shed over 17,000 employees in turbulent year
US banking giants shed over 17,000 employees in turbulent year. Wells Fargo, Bank of America and Citigroup reduced their workforces by a combined 17,700 last year. JPMorgan Chase bucked the trend by bolstering its ranks for a third straight year. Wall Street businesses suffered as dealmaking dried up and demand from borrowers softened.
Reuters · 01/12 18:38
FACTBOX-US bank bosses to be grilled by senators
Chief executives of the biggest u.s. Banks to appear before the senate banking committee on wednesday. The ceos will be grilled by senators over proposals for stricter capital rules. Jpmorgan chase ceo jamie dimon is expected to be the most outspoken opponent of the proposals. Congress convenes the hearing as part of its annual oversight of wall street firms.
Reuters · 12/06/2023 11:00
INSIGHT-US regulators clamp down in bid to prevent more bank failures
U.s. Bank supervisors are increasing scrutiny of lenders' risk management practices, sources say. The changes follow the collapse of three banks earlier this year. Sources say examiners are executing surprise reviews of a confidential supervisory bank health rating. The reviews are targeting small, mid-size and larger banks, the people say. Regulators have pledged to prevent more bank failures.
Reuters · 12/06/2023 11:00
Paul Weiss hires bank regulatory partner from O'Melveny
Paul weiss hires bank regulatory partner from o'melveny & myers. Jarryd anderson previously held senior in-house positions at wells fargo and td bank. Anderson advises domestic and -u.s. Banks on mergers and acquisitions and regulatory and enforcement matters.
Reuters · 11/13/2023 21:03
BUZZ-New York Community Bancorp shares up as Street optimistic about new leadership
New york community bancorp appoints jason birnbaum as president of the private bank. Shares of nycb inch up 0.7% to $9.24. Stock could see first day of gains in over a week. J.p. Morgan analyst says street is optimistic about new leadership.
Reuters · 11/10/2023 15:07
FACTBOX-Wall Street banks shed jobs to ease cost pressures
Reuters · 10/25/2023 13:47
BUZZ-Big US banks rise on Q3 profit beat; PNC falls on quarterly profit drop, revenue miss
Reuters · 10/13/2023 14:06
BUZZ-Big US banks gain on Q3 profit beat; regional lender PNC up on qtrly profit beat
Reuters · 10/13/2023 13:07
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