banking News
Apollo, Ares Sued by Altice USA Over Alleged Credit Market Cartel
Antitrust lawsuit claims asset managers formed a pact to block access to credit ahead of a $26 billion debt restructuring, putting the private credit industry on notice.
Major Banks Gain as FDIC Advances Plan to Ease Key Capital Rule
Proposal to relax the supplementary leverage ratio could free up billions in capital and aims to improve liquidity in the U.S. Treasury market.
US Banks Post $79.3 Billion Q3 Profit as Interest Income Swells
FDIC report shows a 13.5% quarterly profit jump, but a one-time accounting gain masks underlying credit quality concerns in some loan portfolios.
US Banks Poised for $2.6 Trillion Boost From Deregulation, Report Says
Alvarez & Marsal study finds relaxed capital rules could unlock $140 billion in capital, fueling lending and shareholder returns amid a wider regulatory debate.
US Banks Scrap $20 Billion Argentina Deal in Risk-Off Signal
A consortium including JPMorgan and Bank of America has shelved a major financing plan, highlighting growing risk aversion toward emerging markets.
Citigroup Overhauls US Banking Unit, Announces CFO Transition
Bank to merge retail banking with wealth division and spin off consumer cards as standalone business, continuing its strategic simplification.
JPMorgan Shares Fall as Epstein Subpoena Revives Legal Scrutiny
Congressional demand for records follows a recent Justice Department probe, renewing investor concerns over reputational and financial risks for the bank.
George Osborne Emerges as Surprise Contender for HSBC Chairman
Shares dip as former UK Chancellor's potential appointment adds an unexpected twist to the leadership transition at the $252 billion banking giant.