WSJ News Exclusive | Big Banks Could Face 20% Boost to Capital Requirements
Those relying on fees might need bigger buffers to absorb losses under planned rules. Source link
Banking/Credit
Online Banks Are Winning the Deposit War
Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have...
WSJ News Exclusive | Jamie Dimon Says He Never Discussed Jeffrey Epstein’s Accounts at JPMorgan; Jes Staley Says Dimon Did
Updated May 31, 2023 6:19 pm ETA former top JPMorgan Chase executive said in legal documents that for years he...
America’s Biggest Bank Is Everywhere—and It Isn’t Done Growing
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber...
Jerome Powell Keeps June Interest-Rate Pause in Play
Fed chair says banking strains could mean rates don’t have to rise as much to tame inflation Source link
Elon Musk Issued Subpoena in Lawsuit Over JPMorgan’s Ties to Jeffrey Epstein
The U.S. Virgin Islands are seeking documents from the Tesla leader for its civil suit against the bank. Source link
JPMorgan Targeted by Republican States Over Accusations of Religious Bias
WASHINGTON—JPMorgan Chase has become the target of a campaign by Republican state officials seeking to expose what they see as...
Biden to Nominate Philip Jefferson for Fed’s No. 2 Job
The president will also tap economist Adriana Kugler for a Fed board seat. If confirmed, she would be the first...
Fed Official Signals Support for Further Rate Increases
Federal Reserve governor Michelle Bowman says there hasn’t been sufficient evidence of a labor market or inflation slowdown. Source link
Robust Hiring in April Shows U.S. Job Market Remains Hot in Cooling Economy
Hiring picked up as employers added 253,000 jobs last month. The unemployment rate fell to 3.4%. Source link
Federal Reserve Raises Rates, Signals Potential Pause
Central bank officials remove earlier guidance that had pointed to further increases. Source link
New Zealand Economy Well Placed to Handle Surge in Rates, RBNZ Says
SYDNEY—New Zealand’s financial system is well placed to handle rising interest rates and uncertainty in the international financial system, the...
WSJ News Exclusive | JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale
A winning bidder could be announced later Sunday, according to people familiar with the matter. Source link
Fed Says It Failed to Act on Problems That Led to Silicon Valley Bank Collapse
Michael Barr, the Fed’s vice chair for supervision, said supervisors didn’t fully appreciate the extent of the vulnerabilities as SVB...
Declines in Loan Values Are Widespread Among Banks
When Silicon Valley Bank collapsed last month, the core problem was a giant hole in its bond portfolio. When depositors...
Cash App Founder Bob Lee Fatally Stabbed in San Francisco
Mr. Lee, 43, built a career as a Silicon Valley executive and angel investor. Source link
U.S. Job Openings Dropped in February
The number of job openings fell below 10 million for the first time in nearly two years, a sign that...
For Regional Banks, Does More Debt Mean Fewer Problems?
While new requirements might be expensive for regional banks, they may help mitigate deposit-flight risk. Source link
Janet Yellen Says Bank Rules Might Have Become Too Loose
The Treasury secretary argues that efforts to protect financial stability are incomplete. Source link
Fed, Treasury Fine Wells Fargo for Sanctions Violations
MarketsFinancial RegulationFederal Reserve and the Treasury Department are fining the bank $97.8 million Source link
