US banks

News

US BANKS NEWS

Jamie Dimon US democrats us banking crisis

JPMorgan's Jamie Dimon to meet with group of US House Democrats: report

June 06, 2023 10:50 am

JPMorgan Chase & Co Chief Executive Officer Jamie Dimon will meet privately with a group of moderate House Democrats on Tuesday, with banking and the US economy on the agenda, a news report said.

US banks could face 20% hike to capital requirements, says report

June 05, 2023 1:58 pm

The report said that the precise amount of capital requirements will depend on the bank's business, with U.S. megabanks with big trading businesses expected to face the largest increases.

Silicon Valley Bank’s ex-CEO is ‘truly sorry’ but deflects blame

May 17, 2023 11:44 am

Gregory Becker, who was fired from SVB shortly after its March failure, earned bipartisan derision on Tuesday for his explanations during testimony before the Senate Banking Committee.

Ex-First Republic CEO blames contagion for bank's collapse

May 17, 2023 11:04 am

The former chief executive of the First Republic Bank Michael Roffler said regulators did not express concerns regarding the bank's strategy, liquidity, or management performance.

Amid banking crisis, nervous investors dump stocks and hold cash, says BofA

May 05, 2023 4:02 pm

Equity funds saw $6.6 billion of outflows in the week, the largest weekly outflow in nine weeks, BofA said, in a Friday note, citing EPFR data.

FIRST REPUBLIC BANK collapse banking crisis

A timeline of how the banking crisis has unfolded

May 02, 2023 2:07 pm

Silicon Valley Bank, one of the most prominent lenders to tech startups and VC firms, was the first to implode on March 10. Regulators seized CVB, and later, Signature Bank, a New York financial institution with a large real estate lending business.

Speed of US bank failures to play starring role in Fed, FDIC post-mortems

April 27, 2023 11:22 am

As regulators at the Federal Reserve and FDIC prepare to release a pair of post-mortems on Friday that will lay out what went wrong, the staggering speed of the second- and third-largest US bank failures ever remains a primary focus.

US bank supervision needs more speed, transparency in wake of SVB debacle, critics say

March 30, 2023 11:26 am

SVB hit a wall earlier this month, collapsing in the space of less than 48 hours and unleashing fears of contagion.

SVB itself was main cause of bank's failure, says Fed official

March 28, 2023 4:37 pm

“SVB's failure is a textbook case of mismanagement,” Michael Barr, the Fed's vice chair for supervision, said

Bankers at US midsize lenders battle to keep deposits after exodus

March 28, 2023 10:38 am

Mid-sized US lenders are getting creative as they try to hang onto customer deposits after two bank failures rattled consumers and spurred a $119 billion exodus from small institutions in recent weeks.