[ad_1] Updated Jan. 12, 2024 8:00 am ET JPMorgan Chase’s fourth-quarter profit slipped, but it was still enough to push the bank to a record-breaking result for the full year.…
Tag: Commercial Banking
Bank Earnings Season Is About to Start. Here’s What to Expect.
[ad_1] Big banks held up well in 2023, even though the Federal Reserve continued to raise interest rates at a fast clip. Reports on fourth-quarter bank earnings, which start this…
Citigroup Taking Charges on Argentina, Russia and Its Own Restructuring
[ad_1] Citigroup recorded a litany of one-time charges and expenses in the fourth quarter related to its exposures to Argentina’s debt market, Russia’s political instability and the bank’s own restructuring…
The Fed Launched a Bank Rescue Program Last Year. Now, Banks Are Gaming It.
[ad_1] An emergency lending program the Federal Reserve created during the 2023 banking crisis has turned into easy money. Borrowing from the Fed’s bank term funding program has increased to…
Analysis: ECB Is Likely To Cut Rates Before Fed, BNP Paribas AM Says
[ad_1] The European Central Bank is likely to cut interest rates in the spring, before the Federal Reserve does, as the eurozone economy is weaker than that of the U.S.,…
Bank of America trading fees rise 8% after push in markets business
[ad_1] Bank of America’s global markets unit edged up 8% in the third quarter after a fresh push in its trading business, helping the Wall Street bank beat market expectations…
How the 2023 Bank Crisis Can Still Be Felt in 2024
[ad_1] The Federal Reserve may be poised to loosen the reins on the economy with interest-rate cuts. But for now, banks are still keeping themselves on a relatively tight leash.…
Singapore Fines Credit Suisse for Bankers’ Misconduct
[ad_1] Dec. 28, 2023 12:08 am ET Singapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its…