Nearly a dozen financial institutions agreed to pay more than $1.8 billion collectively for failing to properly collect employees’ text messages for their records, the Securities and Exchange Commission and Read more
Tag: banks
Here’s what Italy’s elections will mean for bonds, the euro and banks
As if Europe hasn’t got enough on its plate — war in the East, rampant inflation and an energy crisis — now Sunday’s general elections in Italy is poised to Read more
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
Stocks end lower as global central banks follow Fed in hiking rates
U.S. stocks ended lower Thursday, adding to sharp declines suffered the previous session after the Federal Reserve delivered a 75 basis point rate hike and signaled significant further tightening ahead. Read more
Here’s what Italy’s elections mean for bonds, the euro and banks
As if Europe hasn’t got enough on its plate — war in the east, rampant inflation and an energy crisis are all currently highly deleterious and interlinked. Now this weekend Read more
Credit Unions buying banks? Yes indeed, says this deal lawyer
When deal lawyer Michael M. Bell worked on the purchase of Griffith Savings Bank by United Federal Credit Union in 2012, the transaction marked the first time a federally chartered Read more
‘John Dillinger lives!’ Serial bank robber stuck up 10 banks just months after being released from a 20-year stint for robbing banks
If at first you don’t succeed. A serial bank robber sentenced on Tuesday is headed back to prison for 20 years after sticking up 10 banks months after his release Read more
‘Everyone is talking about inflation, this is a way to combat it’: Democrats urge banks to play a part helping cash-strapped customers
With inflation now running at a 41-year high, Democratic lawmakers say cracking down on bank overdraft fees is one way to help struggling consumers. “Everyone is talking about inflation, this Read more
U.S. stock futures slide for second day as strong dollar adds to earnings fears
U.S. stock futures retreated on Tuesday as the dollar rose and Treasury yields fell, a scenario reflecting lingering concerns about waning economic activity and the impact on company profits. How Read more
What big Wall Street banks say about where the S&P 500 will end 2022
The stock market has steadied at midyear, but after a historically ugly six months that saw the S&P 500 enter bear territory, big Wall Street banks offer diverging views on Read more