Huntington Bancshares Corp. stock rallied Friday as the financial-services company raised its outlook for net interest income above Wall Street estimates while acknowledging the economic headwinds that have been challenging Read more
Tag: banks
One of Wall Street’s most vocal bulls is scaling back his bullish calls on stocks and trimming risk in his bank’s model portfolio. Here’s why.
JPMorgan Chase & Co.’s chief markets strategist Marko Kolanovic is trimming risk in the bank’s model portfolio this month in the wake of questionable central bank policy and rising geopolitical Read more
Deals between banks and colleges are flouting the law, putting students at risk of paying high fees, consumer watchdog finds
Partnerships between colleges and financial firms are pushing students towards financial products that aren’t in their best interest — even though it’s against the law. That’s one takeaway from a Read more
Opinion: Bernanke’s Nobel prize is harmful because it rewards faulty thinking on how banks actually work
The Nobel Memorial Prize awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig is controversial, to say the least. Mainstream economists are generally delighted that the Nobel Committee has at Read more
Federal Reserve studying new capital requirements for regional banks amid merger parade
The U.S. Federal Reserve on Friday approved the first of three pending bank mergers and said it’s launching a review of capital requirements for major banks including bulked-up regional players. Read more
Opinion: Nobel Prize in economics centers on banks and financial crises — why it’s work that’s useful today
The Nobel Prize in economics this year has been awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig, rewarding their in-depth economic work that proved critical in addressing and stopping Read more
Opinion: Central banks want to fight inflation, but they still need to keep the financial system functioning. The two goals may be conflicting.
After two years of quantitative easing, central banks have begun to shrink their balance sheets, and liquidity seems to have vanished in the space of just a few months—revealing acute Read more
Banks dial up risk-taking in OTC derivatives trades by using many of the same non-bank counterparties, a study says
A working paper on counterparty choice by major banks in the $12.4 trillion over-the-counter derivatives market offers evidence of systemic risk propagation in bank networks through non-bank counterparties in “opaque” Read more
IMF chief says central banks must keep tightening despite recession risks
Global central bankers need to continue to raise interest rates despite a fragile global economic outlook, the head of a key global financial institution said Thursday. Speaking ahead of meetings Read more
Central banks drove this vital skill out of investor brains. Here’s how to relearn it.
Staying above the turmoil is easier said than done for investors these days. The calm that settled on global markets after the Bank of England’s unprecedented intervention to shore up Read more