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...The New York-based company estimated it earned net income of about $2.7bn in the quarter, giving it a net profit margin of more than 60 per cent....
...Nearest subway stop is Houston Street Station on the 1 line, but West 4th St (A, C, E, B, D and F lines) is just a short walk away. How much? $20 per person....
...Earnings per share in BNY Mellon dropped 47 per cent in the final quarter of 2023 from a year earlier, but were up 38 per cent annually....
...Truly, ‘tis but a scratch, except to the status of New York as an international centre of finance and commerce....
...One of the US’s top banking regulators will release a report on Tuesday detailing complaints of years of workplace harassment at the Federal Deposit Insurance Corporation....
...limits reset for US retirement plans such as a 401(k)....
...,” said Ben Slavin, global head of ETFs at BNY Mellon Asset Servicing....
...This week’s newsworthy rate setters are the Bank of England and, to a lesser extent, the Reserve Bank of Australia....
...Shares of New York Community Bank plunged 40 per cent on Wednesday after a report that the bank was seeking to raise money to shore up its finances through a stock sale....
...JPMorgan Chase has recorded a gain of about $8bn after restructuring its stake in credit card network Visa in preparation for a potential sale of some of its shares....
...Bank of America’s profits fell 18 per cent in the first quarter, dragged down by a jump in potential loan losses and additional expenses tied to last year’s regional banking crisis....
...Boston Fed president Susan Collins will participate in a fireside chat hosted by Massachusetts Institute of Technology’s Sloan School of Management....
...“We recognise that there are a lot of talented people who would prefer to work in New York for a number of reasons,” he said....
...New York Community Banck is set to raise more than $1bn in a deal led by the investment firm of former Treasury decretary Steven Mnuchin aimed at shoring up its finances after more than a month of turmoil...
...A top US bank regulator is proposing new limits on big bank mergers, in the wake of the failure of Silicon Valley Bank and two other banks last year, and the recent market turmoil around New York Community...
...The Bank of England is expected to keep interest rates steady at a 16-year high of 5.25 per cent on Thursday but traders will be on the lookout for signs of a possible cut next month....
...The Bank of Canada’s next rate decision is on June 5....
...A series of weaker auctions in recent months has raised concerns about the large size of current Treasury auctions, and investors’ ability to digest the supply....
...Tiff Macklem told reporters during a Wednesday press conference that the Bank of Canada’s inflation indicators are “all moving in the right direction”....
...The prospect of US home ownership has hit a historic low for renters, according to a Federal Reserve Bank of New York survey that signalled an increasingly pessimistic view of the property market....
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Shares in New York Community Bank, which last year bought the failed Signature Bank in a government-assisted deal, plunged as much as 45 per cent on Wednesday morning, after it reported a surprise fourth-quarter...
...The bank also took a loss on a loan to a rent-controlled New York City multifamily building — an asset type that was NYCB’s speciality before its recent mergers....
...US regional lender New York Community Bancorp has sought to reassure inventors that it is still taking in new deposits, after a week in which its share price has more than halved and it was downgraded to...
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