Us Banks

Manish Chokani, Director of Enam Holdings, posts a ROFL emoji in response, as Arora share a news report on Citi's overhaul plans

JPMorgan among US banks facing risk of rating cut as Fitch mulls downgrade

The ratings agency had earlier slashed its assessment of the US banking industry to AA- in June, but the move largely went unnoticed as it did not warrant an individual downgrade of the American banks

Indian IT firms may face modest impact from Moody’s downgrade of US banks

According to analysts, tech spending has already bottomed out for the IT industry compared to its normal levels, any further worsening in the BFSI vertical will now only have a moderate effect

World stocks near 15-month high; China data dampens mood

Asian stocks fell earlier in the session as markets caught up with growth data from July 17 showing the post-pandemic bounce in China's economy was over.

US banks rethink social media as a threat, not a marketing tool

The efforts, which have not been previously reported, underscore banks' urgent efforts to adapt to changing times, prevent depositors from sparking a bank run or stop online attacks on their shares by short sellers.

Banks tighten credit terms, see loan demand drop, Fed survey shows

Economists who study the SLOOS responses say rising shares of banks tightening standards gradually work their way into slowed economic activity, and can even be a precursor to a downturn.

Uday Kotak praises JPMorgan post First Republic Bank's acquisition, asks India to learn from US

Kotak tweeted saying India also needs strong institutions backed by reliable domestic capital, like the US. According to him, the development underscores strong domestic US financial institutions backed by significant capital and capable leadership

Biggest US Banks Report Bumper Profits Amid Industry Turmoil

Despite tenuous times for the banking industry, some of the largest US lenders reported banner first-quarter earnings Friday that easily exceeded investor expectations.

Chart of the Day: India’s insured deposit pile isn’t high enough

In FY22, about 50 percent of the deposit pile of banks was insured under deposit insurance which is lower than 60 percent in the US

Chart of the Day: Fund managers sit on cash as visibility diminishes

The banking crisis in the US and Europe is the latest headwind to strike the already choppy market and some funds are sitting on over 10 percent cash and have advised their investors to stay cautious

Does the gold rally have legs?

The immediate trigger for a move in gold, on either side, will come from the Federal Reserve's monetary policy

LIVE: Will US Fed Opt For A 25 Bps Rate Hike Amid Banking Crisis? All Eyes On Powell’s Commentary

World markets are keenly awaiting US Fed’s interest rate decision that will be announced later today. The US central bank is expected to increase interest rates by a quarter point, even with concerns about stress in the banking system. Futures markets are pricing in a roughly 80% chance for a rate rise but a fraction of the markets are also hoping for a pause on rate hikes. All eyes will be on US Fed chair Jerome Powell’s commentary on future rate hike path, inflation and growth projections and the issues with US regional banks. What will the Fed do as it faces a tough choice amid the banking turmoil and its inflation fight? Watch this chat between Nandita Khemka and Santosh Nair to know more!

US banks face scrutiny as Fed rate decision looms

While recent market turmoil has eased, the Federal Reserve's meeting later in the day is now a major focus for investors, with traders split over whether the U.S. central bank will be forced to pause its hiking cycle to ensure financial stability.

Banking stocks steady after Credit Suisse rescue as focus turns to Fed, US banks

After a tumultuous 10 days which culminated in the 3 billion Swiss franc ($3.2 billion) Swiss-regulator-engineered takeover of Credit Suisse by its rival UBS, attention has now shifted to this week's meeting of the U.S. Federal Reserve.

UBS seeks $6 billion in government guarantees for Credit Suisse takeover

UBS was under pressure from the Swiss authorities to carry out a takeover of its local rival to get the crisis under control. The plan could see Credit Suisse's Swiss business spun off

Stocks rally on reports that US banks weighing First Republic rescue

Shares of First Republic did a dramatic U-turn from down more than 30 percent to up 15 percent following reports that JPMorgan Chase, Bank of America and other private giants were in talks to pump billions of dollars to shore up the California bank.

Short Call | A take on stocks of banks, realty and rail when market looks set for a swing

Market experts are advising investors not to hurry in buying shares. A stark contrast to the ‘buy the dip’ strategy that was popular till a couple of months back

Wall Street banks see profit slide as economic clouds loom, some beat forecasts

JPMorgan Chase, Morgan Stanley, Citigroup and Wells Fargo showed a slide in net income after turbulent markets choked off investment banking activity and lenders set aside more rainy-day funds to cover losses from borrowers who fall behind on payments

Big US banks raise prime lending rate after Fed's sharp hike

The moves, which will be effective from Thursday, follow the U.S. Federal Reserve's decision to raise its target interest rate by three-quarters of a percentage point for a second consecutive month to tame soaring inflation.

Four big US banks raise dividends after stress tests

The U.S. FederalReserve said on Thursday the country's largest lenders could easily weather a severe economic downturn, giving them a clean bill of health and paving the way for them to redistribute excess capital to shareholders.

Fed says banks in good shape despite volatility, warns on prime broker risk

In its latest bank supervision report, the Fed offered an upbeat take on the strength of US banks, noting they continue to enjoy robust capital and liquidity levels, and asset quality improved in the second half of 2021

Fed has a role in combating climate change risk, says Jerome Powell

"The public has every right to expect and will expect that we will ensure that the financial system is resilient and robust against the risks of climate change," Powell said at a news conference following the Fed's January meeting.

Fed gives OK to 32 of 35 biggest US banks to raise dividends

Announcing the results of the second round of its annual stress tests, the Fed also approved the plans of Wall Street powerhouses Goldman Sachs and Morgan Stanley, but on condition they keep their total dividend payouts and stock buybacks at current levels.

Banks must pay up to $2 bn more per year to shield taxpayers:Fed

The rule demands Wall Street holds more debt that could be converted to shareholder equity if a bank is pushed to bankruptcy. Investor-owned stock is the main buffer against a bank failure.

Banks must step up US-Cuban financial services: Business group

US President Barack Obama loosened rules on financial services earlier this year, shortly before his historic visit to Cuba, as part of the normalization of relations between the former Cold War foes. But banks have been slow on the uptake, burnt by past sanctions for breaking the embargo.