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US regulators chide four big-bank living wills, FDIC escalates Citi concerns
Reuters via Yahoo Singapore Finance· 7 days agoWASHINGTON (Reuters) -U.S. bank regulators ordered Bank of America, Citigroup, Goldman Sachs and...
Regulators find weakness in 'living wills' from BofA, Citi, Goldman, and JPM
Yahoo Finance· 7 days agoRegulators found weaknesses in "living wills" submitted by four of the country’s largest banks...
Explainer-What are the Fed's bank 'stress tests' and what's new this year?
Reuters via Yahoo Singapore Finance· 4 days agoThe U.S. Federal Reserve is due to release the results of its annual bank health checks on Wednesday...
Hong Kong's IPO proceeds plunge to 2-decade low, pushing city down the global rankings
South China Morning Post via Yahoo Singapore Finance· 1 hour agoFunds raised from new share listings in Hong Kong dropped to a two-decade low in the first half of the year, pushing the city down several rungs to 13th place in a global ranking of initial ...
Big banks pass Fed stress test as they fight stricter capital rules
Yahoo Finance· 2 days agoThe biggest US banks proved to the Fed they would all be able to withstand a severe global...
Despite claims of generative AI being a fad, it could automate 54% of banking jobs — OpenAI's GPT-4...
Windows Central via Yahoo Singapore Finance· 7 days agoIn a new study by Citigroup, the banking sector is next on AI's chopping board. The study further...
Goldman Sachs was the ‘worst hit’ in the Fed’s latest stress test of big banks. Bank of America...
Fortune via Yahoo Singapore Finance· 17 hours agoGoldman Sachs passed a recent Federal Reserve stress test, though it was harder hit than the other...
Wall Street just got another sign that investment banking is picking up
Yahoo Finance· 20 hours agoJefferies Financial Group reported results that beat expectations and cheered investors, a good sign...
Factbox-US banks weather Fed's annual stress test, but risks rise
Reuters via Yahoo Singapore Finance· 20 hours agoCredit card loans could be tricky, the central bank said...
Ten big banks settle US interest rate swaps rigging litigation
Reuters via Yahoo Singapore Finance· 14 hours agoTen large banks including Bank of America, Goldman Sachs and JPMorgan Chase will pay $46 million to...