The European Central Bank raised interest rates to their highest level in more than two decades on Thursday and warned that there was further to go in order to stamp […]
Banking and Financial Institutions
Trending topics and news from the Banking and Financial Institutions category
Back to news homeFed Pauses Interest Rate Increases but Suggests More Are Ahead
Federal Reserve officials left interest rates unchanged on Wednesday, skipping an increase after raising rates 10 times in a row since March 2022. Still, policymakers predicted that they might need […]
‘Do You Even Want Us to Exist?’ A Bank Chief Fights to Survive.
Every quarter for the past several years, Ken Vecchione printed out a spreadsheet comparing the growth of the bank he runs, Western Alliance, with its three principal competitors: First Republic, Signature […]
UK Braces for Higher Interest Rates as Risk of Inflation Grows
Britain on Tuesday received another sign that inflation could painfully linger. The country braced, once again, for higher interest rates as bond yields climbed above the levels when Liz Truss […]
JPMorgan Reaches $290 Million Settlement With Epstein’s Victims
JPMorgan Chase reached a tentative settlement with sexual abuse victims of Jeffrey Epstein, the deceased financier, after weeks of embarrassing disclosures about the bank’s longstanding relationship with him, the bank […]
Founders of Three Arrows, Failed Crypto Fund, Are Living Large
Mr. Zhu said he was tuning out the criticism. On Twitter, he responded to a negative article in The Wall Street Journal by quoting John F. Kennedy: “We choose to […]
Binance Halts Trading in Dollars on Binance.US
The American branch of Binance, the giant cryptocurrency exchange, said late on Thursday that it would no longer allow customers to trade on its platform using U.S. dollars, after its […]
World Bank Projects Weak Global Growth Amid Rising Interest Rates
The World Bank said on Tuesday that the global economy remained in a “precarious state” and warned of sluggish growth this year and next as rising interest rates slow consumer […]
Jamie Dimon to Be Deposed as JPMorgan Faces Reckoning for Epstein Ties
Jeffrey Epstein was many things: a sexual predator, a friend to the rich and powerful and, for many years, a lucrative customer of the nation’s largest bank.Now the bank, JPMorgan […]
Former SVB CEO Tells Senate He Is ‘Truly Sorry’ for Collapse but Deflects Blame
In his first public remarks since Silicon Valley Bank collapsed, triggering widespread industry turmoil, the lender’s former chief executive pointed the finger at pretty much everybody but himself, casting blame […]