The U.S. Federal Reserve Board should consider relaxing bank-merger guidelines focused on branch concentration, last updated in 1995, to account for competition from financial technology companies, Michelle Bowman, a governor Read more
Tag: BAC
Citrix debt deal prices with large losses for banks
Investment banks including Bank of America Corp., Credit Suisse Group AG and Goldman Sachs Group Inc. are on track to collectively lose more than $500 million on debt backing the Read more
Senators drill down on Zelle reimbursements, inflation and ‘uber-woke’ policies in bank CEO hearing
Democratic senators criticized banks for not serving consumers fairly while Republicans complained about liberal social agendas promoted by the same institutions, as chief executive officers of the country’s seven largest Read more
Jamie Dimon, Jane Fraser and other CEOs are heading to Capitol Hill this week for their annual grilling
CEOs from the largest consumer-facing banks in the U.S. are scheduled to testify on Capitol Hill this week in both the House and Senate as the fall midterm election season Read more
JPMorgan and Goldman are still top dogs in investment banking but business shrinks significantly in 2022
JPMorgan Chase & Co. and Goldman Sachs Group Inc. held on to their one-two rankings in investment banking revenue in 2022 while Bank of America Corp. pushed its way into Read more
Bank CEOs are heading to Capitol Hill this week for their annual grilling
CEOs from the largest consumer-facing banks in the U.S. are scheduled to testify on Capitol Hill this week in both the House and Senate as the fall midterm election season Read more
Merger Monday brings fresh hope to investment bankers facing talk of head count reductions
A flurry of merger deals on Monday marked a bullish sign amid talk of lower bonuses and potential layoffs awaiting investment bankers on Wall Street. The deal parade of more Read more
Facebook parent Meta Platforms explores first-ever sale of corporate bonds: report
Facebook parent Meta Platforms Inc. META, +4.28% has reportedly asked banks to look into demand for a potential corporate bond sale — what would be the tech giant’s first, according Read more
Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending
U.S. stocks gave up early gains to finish lower on Monday, after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in Read more