Hints and tips:
Related Special Reports
...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....
...NYCB declined to comment as to whether a new executive had stepped into the CRO role. The reasons for Munson’s departure could not be confirmed....
...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...
...Bank of America, the nation’s second-largest lender, said as it reported results on Tuesday that new loan growth stalled in the quarter, with BofA’s chief financial officer Alastair Borthwick calling lending...
...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....
...New York Fed president John Williams at a conference on Thursday said he did not feel any “urgency” to cut interest rates because of current levels of inflation....
...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 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 in NYCB were down about 2 per cent by Wednesday lunchtime in New York....
...Goldman Sachs has agreed a deal to move its automated investing unit, Marcus Invest, to US “robo-advisor” Betterment, as part of the Wall Street bank’s efforts to pare back a strategy to cater to mass market...
...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....
...Including reciprocal deposits, held for customers of other banks and typically not counted as core deposits, NYCB had total deposits of $77bn after the $8bn deduction....
...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....
...Alumni pressure helped trigger a shake-up leading to the resignation of Scott Bok as chair of the board of trustees, and the departure of Liz Magill as president after she struggled at a congressional hearing...
...The number of problem banks in the US has jumped 18 per cent, regulators warned, as New York Community Bank was stabilised by a $1bn capital raise led by former US Treasury secretary Steven Mnuchin....
...New York Community Bancorp shares shed a quarter of their value on Friday after the regional lender disclosed it had replaced its chief executive and identified “material weaknesses” in internal controls...
...Travel company Viking Holdings expects to raise up to $1.1bn in its initial public offering in the US, as the market for listings heats up after two years of subdued activity....
...Long-term inflation expectations increased to the highest level in six months in February, according to the New York Federal Reserve, as more consumers worry that elevated prices may linger....
...New York Community Bank will raise more than $1bn in a deal led by the investment firm of former US Treasury secretary Steven Mnuchin, in an effort to shore up its finances and calm fears after weeks of...
...The Nasdaq Composite fell 1 per cent, with Tesla the only gainer in Magnificent Seven. It was the first time since late October that each index had fallen for two weeks in a row....
...The central bank has an inflation target of 1 per cent to 3 per cent....
...In minutes from the Bank of Canada’s March meeting, members of the central bank’s governing council agreed it was “too early” to cut rates, but said “the conditions for rate cuts should materialise over...
...Expenses rose slightly from a year ago, even after adjusting for one-time charges, despite efforts to bring down costs as part of the restructuring....
...Contracts tracking Wall Street’s benchmark S&P 500 and the tech-heavy Nasdaq Composite were up 0.5 per cent and 0.6 per cent, respectively, ahead of the New York trading session....
International Edition