Credit

Banking & Capital Markets

Bank Profits Surge 8.7% to $60.7 Billion in Q1

Boosted by a 6% gain in net interest income, the industry's strong Q1 performance followed a record year in 2018.

Matthew Heller
May 29, 2019
Credit

Sanders, AOC Call for Cap on Credit Card Rates

The high-profile lawmakers say a 15% cap is needed to protect consumers from the "economic brutality" of big banks.
Credit

Banks Ease Terms on Business Loans in Q1

A Fed survey finds banks were encouraged to ease terms on C&I loans by "a more favorable or less uncertain economic outlook."
Banking & Capital Markets

Fiserv Hit With Lawsuit By Credit Union

A small Pennsylvania credit union alleges security vulnerabilities and other problems with the vendor's core processing services.
Accounting & Tax

New Loss Accounting Rule Will Dent Some Banks’ Capital Levels

Banks with large portfolios of consumer loans and high loan-to-asset ratios may take the worst hits, according to S&P Global Ratings.
The Economy

Treasury Yields ‘Invert’ in Possible Recession Sign

"Yield curves are responding to what they see, to what I believe is a global economic slowdown," a portfolio manager says.
Bankruptcy

A Busy Day for Bankruptcies

The U.S. Bankruptcy Court in Delaware saw three mid-market Chapter 11 filings on Monday. Is it the start of a flood?
Human Capital & Careers

JPMorgan Chase Names New CFO; Lake to Head Consumer Lending

The CEO of card services, Jennifer Piepszak, inherits the CFO spot from Marianne Lake, who was appointed CEO of consumer lending.
Credit

Banker Confidence Levels Are Slipping

Despite a strong fourth quarter, many U.S. bankers foresee a worsening economy and higher funding costs.
Legal

Philadelphia Sues Banks for Bond Rate Collusion

The city says seven big banks conspired to inflate rates on VRDO bonds so they could "continue to collect re-marketing fees for doing nothing."
Credit

Banks See Tighter Standards on Loans in 2019

The Fed's latest survey of loan officers shows "an increasing number of banks bracing for a lending slowdown.”
Credit

Fed Shifts to ‘Patient’ Policy on Rate Hikes

The central bank indicated it will slow the pace of interest rate increases in response to changing economic conditions.
1 2 3 … 101

Latest Articles

Risk Management

Spreadsheet Risks Still Being Ignored by C-Suite: Study

June 12, 2019
Legal

Ten States Sue to Block T-Mobile, Sprint Merger

June 12, 2019
The Economy

CFOs Support Immigration Reform to Help with Talent Shortage

June 12, 2019
M&A

Hudson's Bay Investors Propose Go-Private Deal

June 11, 2019
Tax

Tax on Nonprofits Could Snare Companies, Too

June 11, 2019