bank – Page 19 – Freedom 96.9

China’s small bank mergers shrink sector but raise financial risks

Friday, December 12 by SRN News

Dec 12 (Reuters) - Many of China's newly merged small banks have seen profits fall and capital buffers shrink over the past year, a Reuters review of data showed, testing Beijing's record consolidation drive designed to avert risks in its $8 trillion small banking... Read More.

Bank of America promotes 394 to managing directors, up 2%, source says

Thursday, December 11 by SRN News

NEW YORK, Dec 11 (Reuters) - Bank of America has promoted 394 executives to managing directors from January 1, up 2% from a year earlier, a source with knowledge of the matter said. Of the total, 44 were promoted in investment banking, 48 in global... Read More.

Fed regional bank presidents reappointed in unanimous vote

Thursday, December 11 by SRN News

Dec 11 (Reuters) - The U.S. Federal Reserve's Board of Governors on Thursday said the system's regional bank presidents had been reappointed to their positions with unanimous agreement of the seven board members. Their new five-year terms will begin on March 1, the Fed said... Read More.

EU aims to agree by Friday to long-term freeze of Russian central bank assets

Thursday, December 11 by SRN News

By Jan Strupczewski BRUSSELS, Dec 11 (Reuters) - European Union governments want to agree on Friday to freeze Russian central bank assets immobilised in Europe for as long as necessary, replacing the need for a vote to renew the freeze every six months, EU diplomats... Read More.

The Media Line: US Backs Pakistan’s Reko Diq Mine With $1.25 Billion Export-Import Bank Package

Thursday, December 11 by SRN News

US Backs Pakistan's Reko Diq Mine With $1.25 Billion Export-Import Bank Package By Arshad Mehmood / The Media Line The US Export-Import Bank has approved $1.25 billion in financing to support the development of Pakistan's Reko Diq copper and gold mine... Read More.

Bank of America CEO expects markets revenue to jump in fourth quarter

Wednesday, December 10 by SRN News

NEW YORK, Dec 10 (Reuters) - Bank of America CEO Brian Moynihan said on Wednesday he expects revenue from the bank's markets business to rise between a high single-digit percentage and 10% in the fourth quarter, while investment banking fees will be broadly flat. ... Read More.

U.S. bank regulator says large banks engaged in ‘debanking’ of disfavored industries

Wednesday, December 10 by SRN News

WASHINGTON, Dec 10 (Reuters) - The U.S. banking regulator overseeing large national banks said the nation's nine largest firms had in the past placed restrictions on providing financial services to some controversial industries in a practice commonly described as "debanking." The Office of the Comptroller... Read More.

US bank executives say AI will boost productivity, cut jobs

Tuesday, December 9 by SRN News

By Tatiana Bautzer and Prakhar Srivastava NEW YORK, Dec 9 (Reuters) - U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses. JPMorgan Chase's consumer and community... Read More.

Markets anxious over Japan’s risk of ’negative spiral,’ top bank MUFG exec says

Tuesday, December 9 by SRN News

TOKYO, Dec 10 (Reuters) - Markets are increasingly worried about Japan's "tail risk" of slipping into a negative spiral, where monetary tightening lags inflation and a weak yen pushes prices higher, the markets chief at top lender Mitsubishi UFJ Financial Group said. Markets have priced... Read More.

Exclusive-US bank floats plan to repay US investors via Lukoil asset sale, sources say

Tuesday, December 9 by SRN News

By Dmitry Zhdannikov, Anna Hirtenstein and David Gauthier-Villars LONDON, Dec 8 (Reuters) - U.S. investment bank Xtellus Partners has proposed to the U.S. Treasury that proceeds from the sale of Lukoil's foreign assets be used to repay American investors who lost money when Russia's war... Read More.

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Stories tagged with: bank

China’s small bank mergers shrink sector but raise financial risks

Bank of America promotes 394 to managing directors, up 2%, source says

Fed regional bank presidents reappointed in unanimous vote

EU aims to agree by Friday to long-term freeze of Russian central bank assets

The Media Line: US Backs Pakistan’s Reko Diq Mine With $1.25 Billion Export-Import Bank Package

Bank of America CEO expects markets revenue to jump in fourth quarter

U.S. bank regulator says large banks engaged in ‘debanking’ of disfavored industries

US bank executives say AI will boost productivity, cut jobs

Markets anxious over Japan’s risk of ’negative spiral,’ top bank MUFG exec says

Exclusive-US bank floats plan to repay US investors via Lukoil asset sale, sources say

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