US Banks News
Trump advisers seek to shrink or eliminate bank regulators
The advisers have asked potential nominees whether Trump could abolish the FDIC.
4 min read13 Dec 2024Invest in banking like Warren Buffett: Own a ‘castle’
Among Berkshire Hathaway’s largest holdings is a financial information-services company. The sector’s results speak for themselves.
4 min read30 Nov 2024Wall Street welcomes back fatter bonuses
Pay for bankers and traders had been weighed down by higher interest rates and economic uncertainty.
1 min read12 Nov 2024Banks’ Bond Strength Bolsters Case for Their Stocks, Mayo Says
Tightening spreads on bonds issued for US banks is signaling that credit investors see less risk there, a perception equity investors should heed, says Wells Fargo & Co. analyst Mike Mayo.
1 min read17 Sep 2024Biggest US Banks’ Capital Hike Chopped in Half in Latest Plan by Regulators
The biggest US banks would face a 9% increase in capital requirements — a dramatic retreat from the original plan — after regulators agreed to sweeping changes to a proposed package of rules, according to people familiar with the matter.
2 min read10 Sep 2024Charles Schwab wants to fix its struggling bank. Investors are skeptical.
Roughly half of the brokerage’s revenue comes from banking.
4 min read21 Aug 2024Banks Clawed Back $150 Billion of Losses in Six Weeks, Mayo Says
US banks erased $150 billion of unrealized losses since the start of the third quarter and have shrunk them by nearly half since 2022, offering a “silver lining” for the industry as economic growth slows, according to Wells Fargo & Co. analyst Mike Mayo.
1 min read14 Aug 2024Regulators probing big banks’ handling of Zelle scams
Investigation examines whether JPMorgan Chase, Bank of America, Wells Fargo and others do enough to shut down accounts controlled by bad actors.
2 min read7 Aug 2024Are banks sweeping dud property loans under the rug?
New accounting rules should give investors an earlier warning, but surprises are cropping up and there could be more to come.
3 min read5 Aug 2024Banks, at least, are making money from a turbulent world
It is once again a good time to work on a trading desk
3 min read12 Jul 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared