Bloomberg reported that JPMorgan Chase & Co. plans to move hundreds of London-based bankers to expanded offices in Dublin, Frankfurt and Luxembourg to preserve easy access to the European Union’s single market after Brexit, according to the firm’s head of investment banking Daniel Pinto.
The tone was upbeat at an annual junk bond market conference in Miami this week, but some participants warned against aggressive risk-taking in an investment climate that has vastly improved over the past year.
Citi has joined JPMorgan at the top of global regulators' list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning.
Bank of America Corp. reported a 19% drop in second-quarter profit today as growth in businesses from lending to trading failed to offset the impact of persistently low interest rates.
U.S. bank subsidiaries of Deutsche Bank AG and Banco Santander SA yet again failed the Federal Reserve's stress test today due to "broad and substantial weaknesses" in their capital planning processes.
Stock indexes worldwide tumbled on Monday, led by banking stocks in Europe and technology stocks on Wall Street on persisting fears of a global economic slowdown, while benchmark 10-year Treasury y
Stress in the financial sector triggered by worries over global growth and the impact of negative interest rates drove European share prices to their lowest in 16 months on Monday and sent the cost
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows
