Banking and Finance News
- Banking
Kansas City Fed rejects Custodia’s master account application
The Federal Reserve Bank of Kansas City has denied Custodia Bank’s application for a master account, according to a U.S.…
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Yellen says raising debt limit is only solution to avoid fiscal crisis
Treasury Secretary Janet Yellen said the only solution to avoid a U.S. default crisis is for Congress to increase the…
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Debt default would make Lehman bankruptcy ‘look like a walk in the park’
WASHINGTON — If Congress can’t agree to a debt ceiling fix, Wall Street could face apocryphal consequences. Banks and other…
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American Express brushes off impact of white-collar layoffs
A stream of layoff announcements have contributed to fears of a potential recession, though American Express contends the impact on…
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Visa’s CEO: Falling fintech valuations a ‘helpful characteristic’
The drop in valuation that many fintechs are experiencing could make companies like Visa more likely to acquire them than…
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Bread in the red: Loan charge-offs offset strong revenue
Bread Financial ended a tumultuous year on a better note than many analysts expected, producing a surge in adjusted revenue…
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Office loans spark scrutiny at First Citizens, Webster
First Citizens BancShares in Raleigh, North Carolina, is blaming an uptick in problem credit on certain office loans it acquired…
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Berkshire Hills says lending outlook ‘remains strong’
Berkshire Hills Bancorp is upbeat about its loan growth opportunities, executives said Thursday, after reporting a 22% jump in its…
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Bank earnings scorecard: All the numbers are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to…
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Deposit race among banks kicks into higher gear
The Federal Reserve may be slowing down on rate increases, but the same isn’t true for your neighborhood bank. Almost…
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