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Tag: Commercial Banking
22 days ago
wsj.com

WSJ News Exclusive | Silvergate Raced to Cover $8.1 Billion in Withdrawals During Crypto Meltdown

The bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto.

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23 days ago
wsj.com

U.S. Moves to Seize Robinhood Shares, Silvergate Accounts Tied to FTX

Federal authorities’ seizure of funds comes as the prospect of customers recovering some billions in cash and crypto ...

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24 days ago
wsj.com

Federal Reserve, FDIC and OCC Warn Banks About Cryptocurrency Risks

The bank regulators said holding cryptocurrencies is likely inconsistent with safe banking practices.

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28 days ago
wsj.com

Japan’s Banks Get a Shot in the Arm

A tweak to Japan’s “yield curve control” interest-rate policy has lit a fire under the country’s financial stocks.

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about 1 month ago
wsj.com

Senate Confirms Martin Gruenberg to New Term Atop FDIC

The move caps a turbulent period for the agency and cements Democratic leadership on the bank regulator’s board.

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about 1 month ago
wsj.com

Citigroup to Pull Out of Consumer Banking in China

The move is part of a wider step back from the business in Asia and elsewhere.

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about 2 months ago
wsj.com

Lawmakers Want Answers From Silvergate About FTX Transfers

A trio of senators said an account at the bank “appears to be at the center” of the improper transfer of customer funds.

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about 2 months ago
wsj.com

Fed’s Top Banking Regulator Signals Tougher Bank-Capital Rules

The Federal Reserve’s new regulatory chief on Thursday signaled plans to beef up big-bank capital requirements, poten...

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2 months ago
wsj.com

WSJ News Exclusive | JPMorgan, Other Banks in Talks to Reimburse Scammed Zelle Customers

U.S. banks including JPMorgan Chase and Wells Fargo are devising a plan to compensate victims of scams on the Zelle p...

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2 months ago
wsj.com

WSJ News Exclusive | Jeffrey Epstein Accusers Sue Deutsche Bank and JPMorgan Chase

Women who accused Jeffrey Epstein of sexual abuse are saying the banks facilitated his alleged sex-trafficking operat...

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2 months ago
wsj.com

Fed’s Michael Barr Says Crypto Turmoil Highlights Potential Risks to Financial System

Michael Barr, the Fed’s vice chairman for supervision, plans to tell lawmakers that crypto-related activities need to...

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2 months ago
wsj.com

White House to Nominate Martin Gruenberg for New Term as FDIC Chairman

The nomination of the acting chairman comes during a long stretch of leadership uncertainty at the banking regulator.

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3 months ago
wsj.com

Credit Suisse Faces Fresh Pressure Over Untaxed Americans

The re-emergence of the 2014 tax cheating case is the latest challenge for the Swiss lender’s new management team.

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3 months ago
wsj.com

Rising Rates Help Some Banks More Than Others

Lending profits are under pressure at niche firms like Silicon Valley Bank and First Republic, while JPMorgan and oth...

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3 months ago
wsj.com

Hong Kong Touts Its Reopening to Wall Street Despite Covid Controversies, Typhoon

The city’s financial summit drew executives from Goldman Sachs and Morgan Stanley, among others, but featured little ...

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3 months ago
wsj.com

What Saudi Arabia’s Biggest Bank Wants With Credit Suisse

Saudi National Bank intends to bring the Swiss lender deeper into the kingdom’s financial markets after cinching a de...

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3 months ago
wsj.com

Credit Suisse Might Have Hit Rock Bottom

The embattled bank’s recovery plan was bolder than expected, potentially marking a line in the sand for long-sufferin...

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3 months ago
wsj.com

Biden Touts U.S. Steps to Curb Fees Tied to Banking, Concerts and Travel

President says the administration is seeking to rein in billions of dollars in charges across industries including ba...

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3 months ago
wsj.com

Rising Rates Are Banks’ Frenemies

HSBC and UBS are earning more interest income but a tighter monetary policy is also testing their different business ...

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3 months ago
wsj.com

JPMorgan Investment Banking Chair Carlos Hernandez to Retire

JPMorgan Chase executive Carlos Hernandez, the leader of the bank’s investment banking staff and a member of Jamie Di...

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4 months ago
wsj.com

Fed Approves U.S. Bancorp Acquisition of MUFG Union Bank

The central bank signals it is starting related rule-making process to ease wind down of failed regional banks

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4 months ago
wsj.com

Morgan Stanley Profit Falls for Third Consecutive Quarter

A dealmaking drought dinged bank’s third-quarter results, sending profit down 29% from a year ago

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4 months ago
wsj.com

JPMorgan’s Third-Quarter Profit Drops 17% on Recession Planning

The nation’s biggest bank’s third-quarter profit dropped 17% as it built up its defenses for a potential recession an...

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4 months ago
wsj.com

Rising Rates, Uncertain Economy Expected to Take a Toll on Bank Profits

JPMorgan, Morgan Stanley and other big banks are set to report third-quarter results on Friday.

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4 months ago
wsj.com

Credit Suisse Has No Time to Lose

The bank risks getting caught in a doom loop as worries flood into a strategic vacuum while investors wait for a new ...

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4 months ago
wsj.com

Barclays to Pay $200 Million SEC Fine Over Debt-Sale Snafu

The flub involved the sale of structured notes, or debt instruments linked to an underlying reference such as the S&P...

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4 months ago
wsj.com

Credit Suisse Needs the Deal of the Decade

The bank’s deal-makers can prove their worth by finding a creative way to avoid raising capital with a rock-bottom st...

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4 months ago
wsj.com

Bank CEOs to Go Before Congress, With Economy and High Inflation in Focus

Citigroup’s Jane Fraser, JPMorgan’s Jamie Dimon and others face two days of congressional hearings starting Wednesday.

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4 months ago
wsj.com

WSJ News Exclusive | Big Regional Banks Might Face New Rules for Dealing With a Crisis

Bailout-prevention proposals could call for firms to raise billions in debt to absorb losses.

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5 months ago
wsj.com

WSJ News Exclusive | Regulators Want Citigroup to Move Faster to Fix Problems With Its Risk Systems

Federal Reserve officials have grilled the bank’s chief executive, Jane Fraser, about Citigroup’s plans to fix its ri...

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5 months ago
wsj.com

Citi Wins Appeal on Errant $500 Million Revlon Loan Payment

Hedge funds shouldn’t be able to keep roughly $500 million they were mistakenly paid by Citigroup on a loan owed by n...

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5 months ago
wsj.com

Fed’s Top Banking Regulator Calls for Safer, Fairer Financial System

Remarks from Fed Vice Chairman Michael Barr suggest a more aggressive approach to overseeing Wall Street than that of...

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5 months ago
wsj.com

Inflation’s Silver Lining: You Can Make Money on Your Savings Again

Federal Reserve rate increases mean consumer banks such as Marcus and Ally are paying more on savings accounts and ce...

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5 months ago
wsj.com

Citigroup Joins Industry Effort to Lend to People Without Credit Scores

The bank is launching two lending pilots through a government-sponsored program that aims to expand credit in underse...

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5 months ago
wsj.com

Review of Federal Home-Loan Banks Is Planned

The Federal Housing Finance Agency is eyeing a potential revamp for the Federal Home Loan Banks, a nearly $1 trillion...

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5 months ago
wsj.com

WSJ News Exclusive | Citigroup Will Wind Down Russian Consumer Operations

The bank’s plan comes after attempts to sell the unit were stymied by Russia’s invasion of Ukraine and subsequent san...

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5 months ago
wsj.com

Bank Stocks Make a Comeback

Since the end of June, five of the six largest U.S. banks have outperformed the S&P 500’s 13% gain. Shares of Morgan ...

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6 months ago
wsj.com

Crypto Is Taking a Few Small Banks on a Wild Ride

Big banks steered clear of cryptocurrency companies, but a handful of small lenders courted the booming businesses. N...

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6 months ago
wsj.com

Avaya’s Collapsing Debt Deal Hits Clients of Goldman, JPMorgan

The cloud-communications company cut its earnings forecast by more than 60% a few weeks after borrowing $600 million ...

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