Banking & Capital Markets Archives - CFO

American Apparel Cost Cuts May Not Be Enough

Credit & Capital

American Apparel Cost Cuts May Not Be Enough

The embattled retailer may not have sufficient financing commitments to meet its needs over the next 12 months.

By Katie Kuehner-Hebert | October 28, 2021

Regulator Hits Wells Fargo With $250M Fine

Risk & Compliance

Regulator Hits Wells Fargo With $250M Fine

The OCC says deficiencies in a Wells Fargo loan modification program constituted “reckless unsafe or unsound practices."

By Matthew Heller | September 10, 2021

Fed Announces Capital Buffers for Big Banks

Fed Announces Capital Buffers for Big Banks

Based on the latest stress test results, Goldman Sachs is required to have the largest buffer against losses, followed by Morgan Stanley.

By Matthew Heller | August 6, 2021

Square Debuts Small Business Banking Platform

Credit & Capital

Square Debuts Small Business Banking Platform

The suite of financial products are designed to help small business owners manage their cash flow.

By Lauren Muskett | July 20, 2021

Fed Clears Banks to Make Payouts Without Limits

Risk & Compliance

Fed Clears Banks to Make Payouts Without Limits

The Fed's three stress tests over the past year "have confirmed that the banking system is strongly positioned to support the ongoing recovery."

By Matthew Heller | June 25, 2021

Fed Nixes Further Capital Relief for Banks

Risk & Compliance

Fed Nixes Further Capital Relief for Banks

The Fed's decision means banks can no longer exclude Treasury bonds and deposits held at the central bank from their supplementary leverage ratio.

By Matthew Heller | March 19, 2021

Square Commences Operations as an Industrial Bank

Credit & Capital

Square Commences Operations as an Industrial Bank

The fintech company's CFO Amrita Ahuja said bringing banking capability in-house will enable the company to “operate more nimbly.”

By Lauren Muskett | March 2, 2021

Rare Outage Takes Fed Payment Systems Offline

Credit & Capital

Rare Outage Takes Fed Payment Systems Offline

Fedwire and FedACH were among the key systems affected by the outage, which the Fed blamed on an "operational error."

By Matthew Heller | February 25, 2021

Bank Profits Rise 9% to $59.9B in 4th Quarter

Financial Performance

Bank Profits Rise 9% to $59.9B in 4th Quarter

“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.

By Matthew Heller | February 23, 2021

Fed Lifts Freeze on Bank Share Repurchases

Risk & Compliance

Fed Lifts Freeze on Bank Share Repurchases

The Fed voted 4-1 to ease restrictions on buybacks and dividends it had imposed to ensure banks preserved capital amid the coronavirus pandemic.

By Matthew Heller | December 21, 2020

Banks Prepare for ‘Big Bang’ Switch From LIBOR

Credit & Capital

Banks Prepare for ‘Big Bang’ Switch From LIBOR

The SOFR referencing rate is estimated to cover interest rate swaps on more than $80 trillion worth of notional debt.

By Lauren Muskett | October 16, 2020

Morgan Stanley Buys Asset Manager Eaton Vance

Morgan Stanley Buys Asset Manager Eaton Vance

The $7 billion deal will advance Morgan Stanley's push into investment management as it shifts away from trading.

By Matthew Heller | October 9, 2020

Citigroup Fined $400M Over Risk System Defects

Risk Management

Citigroup Fined $400M Over Risk System Defects

“The public rebuke marks a major escalation of regulators’ efforts to get Citigroup to fix its risk systems."

By Matthew Heller | October 8, 2020

Banks Wary of Fed’s Main Street Loan Program

Credit & Capital

Banks Wary of Fed’s Main Street Loan Program

Loan officers cited the financial condition of borrowers and overly restrictive terms for not approving loans under the key pandemic relief plan.

By Matthew Heller | September 30, 2020

Nio Trades Down After Upsized Equity Offering Prices at Discount

Nio Trades Down After Upsized Equity Offering Prices at Discount

With the offering, the Chinese electric vehicle company expects its cash reserves to exceed $2.9 billion.

By Lauren Muskett | August 31, 2020

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