Banks

A man stands on the floor of the New York Stock Exchange (NYSE) on March 23, 2023 in New York City.Spencer Platt | Getty Images News | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter.…
Read More...

Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on "Recent Bank Failures and the Federal Regulatory Response" on Capitol Hill in Washington,…
Read More...

First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States.Tayfun Coskun | Anadolu Agency | Getty ImagesThe surge of deposits moving from smaller banks to big institutions including JPMorgan…
Read More...

U.S. Secretary of the Treasury testifies before the Senate Appropriations Subcommittee on Financial Services March 22, 2023 in Washington, DC.Win Mcnamee | Getty ImagesWASHINGTON — Federal bank regulators are not considering any plans to…
Read More...

Financial stocks under pressureThe declines came despite Sunday's news that the Federal Reserve created a new Bank Term Funding Program that will offer loans for up to a year to banks in return for high-quality collateral like Treasurys.…
Read More...

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.Justin Sullivan | Getty ImagesOn Wednesday, Silicon Valley Bank was a well-capitalized…
Read More...

Dimon said in June that he was preparing the bank for an economic "hurricane" caused by the Federal Reserve and Russia's war in Ukraine.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon on Monday warned that a "very, very…
Read More...

Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom.Mike Kemp | In Pictures | Getty ImagesLONDON — The Bank of England told lawmakers that a…
Read More...

Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan ChaseCourtesy: JP Morgan ChaseJPMorgan Chase has hired a Singapore-based quantum-computing expert to be the bank's global head for quantum communications…
Read More...

Goldman Sachs on Monday posted profit and revenue that exceeded analysts' estimates as fixed income traders generated roughly $700 million more revenue than expected.Here's what the company reported compared with what Wall Street was…
Read More...