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...Additional reporting by Joshua Franklin and Jennifer Hughes in New York...
...BNY Mellon has been hit by more than $900mn in investment markdowns, litigation and costs related to a Federal Deposit Insurance Corporation assessment, as the last vapours of last year’s banking crisis...
...If New York no longer wants to be known as the world’s premier financial centre (and host of a trillion dollar market for sovereign debt) so be it....
...Hwang’s strategy backfired in March 2021 as shares of ViacomCBS, now known as Paramount Global, fell by almost a third in just a few days....
...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....
...Boston Fed president Susan Collins will participate in a fireside chat hosted by Massachusetts Institute of Technology’s Sloan School of Management....
...Tropin said his firm needs to have a presence in New York as the city remains a magnet....
...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...
...Joining Lieberman as a board member is Tom Naratil, formerly one of the highest-ranking US executives at Swiss bank UBS before he left in 2022....
...The Bank of Canada’s next rate decision is on June 5....
...US stocks were muted on Tuesday as comments from the president of the Minneapolis branch of the Federal Reserve signalled interest rates may remain higher for longer....
...Martin Gruenberg, who has served at the agency for most of the past two decades, including 10 out of the past 13 years as chair, came in for criticism as an angry boss who must change his own behaviour in...
...Instead, he had to settle for the moral support of Andrew Giuliani, the son of the former New York City mayor and his erstwhile lawyer Rudy....
...The advance mirrored moves on the other side of the Atlantic, where stocks in the UK and Europe rose as the Bank of England stirred hopes it could loosen monetary policy this summer if inflation stays low...
...US equity markets and cost Wall Street banks billions of dollars....
...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...
...Shares in NYCB were down about 2 per cent by Wednesday lunchtime in New York....
...Shares of New York Community Bancorp plunged on Wednesday after the lender that bought failed Signature Bank in the middle of last year’s regional banking turmoil cut its dividend to boost its capital and...
...Shares of the New York bank fell by 26 per cent in February, and dropped another 19 per cent in after-hours trading after it disclosed the moves late on Thursday....
...Canada’s central bank is waiting for evidence of a sustained slowing of inflation, as it held interest rates steady at a 23-year high and upgraded its economic growth outlook for 2024....
...New York Community Bancorp’s core deposits shrunk by about $8bn, or nearly 40 per cent of its total uninsured deposits, in February and early March, the lender said on Thursday....
...Shares of the New York bank fell 26 per cent in February, and dropped another 19 per cent in after-hours trading after it disclosed the moves late on Thursday....
...In a wide-ranging interview on Tuesday at the Economic Club of New York, Dimon said the state of the US economy was “unbelievable” and had been “booming for a while”....
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