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US Treasury Secretary Yellen told bank CEOs more mergers may be necessary,
Updated : 2 years, 9 months ago IST
The comments from Yellen provided further evidence that Biden officials are starting to warm up to the idea of bank mergers despite concerns from progressives and the administration's own scrutiny of corporate concentration.
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Big US banks beat earnings expectations on higher interest rates
Updated : 2 years, 11 months ago IST
JPMorgan Chase, the country's largest bank, reported a USD 12.6 billion net profit for the first quarter of 2023, up 52 per cent from a year earlier. Earnings per share jumped 56 per cent to USD 4.10.
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First Republic secures USD 30-bn lifeline from largest US banks
Updated : 2 years, 12 months ago IST
The USD 30-billion infusion will give the struggling San Francisco lender much-needed cash to meet customer withdrawals and buttress confidence in the US banking system during a tumultuous moment for lenders, CNN Business said.
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Shares of US regional banks plummet by 75 pc
Updated : 3 years ago IST
Shares of bigger banks were less affected, but not immune. Citigroup and Wells Fargo fell over 4 per cent, Bank of America fell over 3 per cent, and JPMorgan Chase dipped by around 1 per cent. The KBW bank index, which tracks the performance of 24 major banks, fell 10 per cent, adding to
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Goldman Sachs slashes CEO's pay by 30 pc after bank's poor performance
Updated : 3 years, 1 month ago IST
Solomon took home USD 25 million last year, the bank said in a filing Friday, down from USD 35 million a year earlier.
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HSBC, StanChart and others processed trillions of dollars despite concerns
Updated : 5 years, 5 months ago IST
Hong Kong, September 21 (ANI): Some of the world's biggest banks including HSBC, JPMorgan Chase and Standard Chartered moved trillions of dollars identified as being potentially tied to money laundering or other crimes despite raising concerns about those transactions in filings with US regu
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LCR Capital recruits Ashish Saraff as Director, India (EB-5)
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 24 (ANI): LCR Capital Partners announced the appointment of Ashish Saraff as Director, India (EB-5), who will lend support to LCR's EB-5 sales efforts in India.
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