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US banks

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  • Saturday, 27 February, 2021
    The Long ViewMichael Mackenzie
    Financials may be a silver lining in bond market rout

    Rising longer-term rates should boost profitability after many difficult years for sector

  • Thursday, 25 February, 2021
    Financial services
    TIAA picks JPMorgan’s Duckett as new chief executive

    Head of Chase consumer banking will replace Roger Ferguson at $1.3tn investment manager

  • Thursday, 25 February, 2021
    Federal Reserve
    ‘Operational error’ disrupts Federal Reserve payment system

    US central bank restores services after outage but notifies clients of transaction backlog

  • Tuesday, 23 February, 2021
    LexWells Fargo
    Wells Fargo/funds: land of giants Premium

    Selling asset management unit will allow lender to refocus on core lending

  • Monday, 22 February, 2021
    M&T Bank to buy People’s United Financial in $7.6bn deal

    Transaction is latest among US regional lenders looking to bulk up and take on bigger groups

  • Wednesday, 17 February, 2021
    Due Diligence
    Hedge funds vs Citigroup: finder’s keepers Premium

    Unpacking the surprising court victory in the battle for the bank’s accidentally wired $900m

  • Friday, 12 February, 2021
    Bank stress tests
    Fed to test banks’ ability to withstand 55% fall in equity prices

    Regulators lay out criteria for annual stress exercise with stocks at record highs

  • Thursday, 11 February, 2021
    US banks push Fed for extension of Covid capital relief

    One-year easing of leverage ratio was introduced after ructions in Treasuries market

  • Wednesday, 10 February, 2021
    News in-depthUS financial regulation
    Wall Street wants Biden to crimp tech rivals

    Banks see a chance to direct tougher regulation against Facebook, Google and fintechs

  • Promoted Content
  • Wednesday, 27 January, 2021
    JPMorgan Chase & Co
    JPMorgan ventures into UK retail banking with digital-only launch

    Wall Street lender follows similar foray by Goldman and joins local start-ups Monzo and Starling

  • Tuesday, 26 January, 2021
    Goldman Sachs Group
    Goldman slashes Solomon’s pay over 1MDB scandal

    Package of $17.5m for 2020 is $10m less than previous year and below bank CEO’s peers

  • Monday, 25 January, 2021
    Special Report
    Corporate Change and Technology

    The conclusion of this three-part series looks at digital transformation in sectors including private equity, professional services and retail banking

  • Friday, 22 January, 2021
    News in-depthUS financial regulation
    Wall Street frets as Elizabeth Warren ally takes consumer protection role

    A revitalised CFPB could focus on bank fees, payday lenders and student loans

  • Thursday, 21 January, 2021
    Executive Pay
    JPMorgan holds Dimon’s annual pay steady at $31.5m

    US bank says compensation package reflects strong performance through pandemic

  • Thursday, 21 January, 2021
    Due Diligence
    Wall Street banks: winners and losers from 2020 Premium

    Q4 earnings drew a line between the haves and the have-nots in a year unlike any other for investment bankers

  • Thursday, 21 January, 2021
    FT News Briefing podcast11 min listen
    Business greets Biden, Vestager warns of patchwork tech regulation

    Company chiefs warn they will fight moves to raise corporate taxes and the minimum wage

  • Wednesday, 20 January, 2021
    Morgan Stanley
    Morgan Stanley posts record profit as trading booms

    US investment bank caps buoyant earnings season across Wall Street

  • Tuesday, 19 January, 2021
    Lex
    Goldman/BofA: haves and have nots Premium

    Gulf between standalone investment banks and those exposed to consumer lending

  • Tuesday, 19 January, 2021
    Goldman Sachs Group
    Trading boom drives record revenues at Goldman Sachs

    US bank’s profits more than double in fourth quarter

  • Tuesday, 19 January, 2021
    Bank of America Corp
    Bank of America profits jump as it releases $828m of reserves

    Loan demand remains sluggish, but chief executive Brian Moynihan sees signs of a recovery

  • Sunday, 17 January, 2021
    US banks’ trading bonanza keeps Wall Street booming

    Market ‘nirvana’ raises hopes of strong earnings for Goldman Sachs and Morgan Stanley

  • Friday, 15 January, 2021
    Coronavirus Business Update
    US banks signal post-Covid optimism Premium

    JPMorgan, Citi and Wells Fargo cite vaccine rollout and better economic outlook

  • Friday, 15 January, 2021
    Lex
    JPMorgan/Citi/Wells: a merciful release Premium

    Three banks collectively released more than $5bn of pandemic-related loan loss reserves

  • Friday, 15 January, 2021
    US banks release billions from reserves foreseeing lower Covid losses

    JPMorgan, Citi and Wells Fargo cite vaccine rollout and better economic outlook

  • Friday, 15 January, 2021
    Wells Fargo
    Wells Fargo pledges $8bn in cost cuts

    US bank is slashing branches, eliminating layers of management and reducing its real estate footprint

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