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...President Joe Biden has called for higher taxes on the wealthy and large corporations, taken a tougher approach to antitrust enforcement, sided with labour unions in contract negotiations and criticised...
...The Fixed Income Clearing Corporation handles the settlement and clearing of US Treasury trades....
...In April, New Jersey-based Cross River Bank, one of the largest among a handful of US lenders to fintech companies, was criticised by the Federal Deposit Insurance Corporation for “unsafe and unsound banking...
...In the 1990s and early 2000s, Weill engineered a series of megamergers in an attempt to realise his vision for a financial supermarket that could offer consumers and corporations a one-stop shop for banking...
...It was taken over in 2012 by Leucadia National Corporation, an oil-to-beef conglomerate, but the merged company pared back its other investments to focus solely on investment banking work....
...Profits may be hit by additional fees as part of the Federal Deposit Insurance Corporation’s plan to recover losses associated with rescuing Silicon Valley Bank and Signature Bank last year, most of which...
...In 2009, Mnuchin led a group of private equity investors that bought IndyMac, a mortgage lender that failed in the 2008 financial crisis, from the Federal Deposit Insurance Corporation....
...The Federal Deposit Insurance Corporation on Thursday said the number of weak US banks had risen by eight to 52 in the final three months of 2023, the biggest jump since the demise of SVB....
...biggest year-on-year drop in quarterly profits since the second quarter of 2020, according to BankRegData, a data provider that collates quarterly reports made by lenders to the Federal Deposit Insurance Corporation...
...They have also garnered the support of Republicans in the House, who called on the heads of the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency...
...They say the Federal Reserve, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have exceeded their remit and could diminish the competitiveness of US banks by unilaterally...
...Part of the reason for the profit drop was last year’s banking turmoil — the Federal Deposit Insurance Corporation imposed a one-time charge on many US banks in order to pay for losses, which the FDIC’s...
...While the Fed, the OCC and Federal Deposit Insurance Corporation have the authority to block deals under banking laws, the US Department of Justice may challenge bank mergers citing antitrust statutes....
...It covers profits from subsidiaries with Federal Deposit Insurance Corporation-insured deposits, and includes JPMorgan’s earnings from commercial and retail banking, and parts of its investment banking and...
...Bankers and industry executives are expecting more corporate carve-outs, when a private equity firm buys a business unit from a large corporation, such as GTCR’s $18bn carve-out of payments company Worldpay...
...I think you have a bank that is very close, has great relationships with international corporations that are moving money around the world. That’s a pretty good business to be in....
...Republican board directors at the Federal Deposit Insurance Corporation have called on the agency’s chair to recuse himself from an investigation into allegations of widespread sexual harassment and discrimination...
...The last significant US bank to fail was First Republic, which was closed by the Federal Deposit Insurance Corporation in early May....
...have opted for partnerships with US firms rather than building out full-service corporate investment banks — Mitsubishi UFJ Financial Group bought a stake in Morgan Stanley while Sumitomo Mitsui Banking Corporation...
...The transaction with Aurora Acquisition Corporation is backed by SoftBank, the Japanese conglomerate, and Icelandic billionaire Thor Björgólfsson....
...Comerica has pledged $17bn, or 98 per cent, of its securities holdings to other lenders, including the Fed, according to Federal Deposit Insurance Corporation data....
...Here’s Jefferies’ Dan Fannon: Acquisition of Putnam Investments - BEN announced the purchase of Putnam Investments from Great-West Lifeco (TSX: GWO), a subsidiary of Power Corporation Canada (TSX: POW),...
...The two companies have also signed a long-term partnership that will see Great-West Lifeco’s parent, the Power Corporation of Canada, allocate $25bn to Franklin’s alternative investment funds, which had...
...They relied heavily on big depositors, those with accounts too large to be protected by the Federal Deposit Insurance Corporation....
...It also entered into a loss-sharing agreement with the Federal Deposit Insurance Corporation for commercial loans made by SVB....
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