Tag: U.S. Banks


Six U.S. Banks Investigated for Working With U.N. to Deny Credit to Fossil-Fuel-Involved Companies

October 20, 2022


Attorneys-general from 19 states are investigating six major American banks that have signed on to the United Nations’ Net-Zero Banking Alliance, pledging to achieve net-zero emissions in their lending and investment portfolios by 2050. The banks under investigation include Bank […]


U.S. banks close 2,927 branches in 2021, a 38% jump

January 24, 2022

Via: Banking Dive

Banks are reducing their branch footprints as more customers choose to manage their accounts through mobile and other digital channels, instead of banking at traditional brick-and-mortar retail locations. The S&P Global report indicates the COVID-19 pandemic has accelerated the shift […]


Bank CEOs convene in Washington for meeting with President Trump on coronavirus response

March 11, 2020


The leaders of the biggest U.S. banks are scheduled to meet with President Donald Trump on Wednesday afternoon as the U.S. government grapples with the spread of the coronavirus. CEOs expected to attend the 3 p.m. ET event include Brian […]

Activity, Investment Banking

Invest Like Warren Buffet With These Bank ETFs

February 19, 2019

Via: Yahoo

The latest 13F filing reveals that the legendary billionaire and philanthropist Warren Buffett increased his bet on banking stocks once again in the last quarter after doing so in the third quarter of 2018, suggesting that he is bullish on […]

Activity, Capital and Risk, Corporate Banking, Liquidity

Citigroup misses revenue expectations on much weaker-than-expected bond trading

January 14, 2019


Citigroup posted fourth-quarter revenue that missed analysts’ estimates by a half-billion dollars as bond trading declined amid a difficult December for markets. The bank said fixed-income revenue dropped 21 percent to $1.94 billion from a year earlier as trading conditions […]

Activity, Trading

5 Major Bank Stocks Poised to Beat Earnings Estimates in Q4

January 11, 2019

Via: Yahoo

The Q4 earnings season is just around the corner and investors are eagerly waiting for the results of the mega banks, which remained in the spotlight throughout the quarter for a number of reasons. Heightening concerns about rising interest rates, […]


Danske Bank Whistleblower Says U.S., European Banks Helped Launder Money

November 19, 2018

Via: Insurance Journal

The whistleblower who revealed suspected money laundering involving Danske Bank said on Monday that two major U.S. and one European banks were among several which had helped process suspicious payments. Payments totaling 200 billion euros ($228.5 billion) made through Danske […]

Activity, Trading

Big banks take the lion’s share of stock trading

May 7, 2018

Via: Market Watch

It’s a good time to be a megabank. In many businesses, the largest global banks such as JPMorgan Chase & Co. JPM, +1.11% and Bank of America Corp. BAC, +0.34% are getting bigger, while others are struggling to keep pace. […]

Activity, Corporate Banking

U.S. Bancorp quarterly profit rises 13.7 pct

April 18, 2018

Via: Yahoo

April 18 (Reuters) – Regional lender U.S. Bancorp reported a 13.7 percent rise in quarterly profit on Wednesday, driven by higher interest income and lower taxes. Net income attributable to the bank rose to $1.68 billion, or 96 cents per […]

Capital and Risk, Credit

Salesforce invests in nCino

January 31, 2018

Via: Finextra

NCino, the worldwide leader in cloud banking, today announced that its customer portfolio now includes more than 180 financial institutions across multiple countries, including 10 of the top 30 U.S. banks by asset size and Navy Federal, the world’s largest […]

Capital and Risk, Operational

U.S. Banks Officially Launch Their Real-Time Payment System

November 14, 2017

Via: Bank Innovation

The real-time payments system created by The Clearing House, owned by U.S. banks, is officially up and running as of yesterday, according to the banks. BNY Mellon and US Bank carried out the first transaction of the RTP (short for […]

Activity, Corporate Banking

Bloomberg: Despite the Rules, Top U.S. Banks Close to Profit Record

July 23, 2017

Via: ABF Journal

Bloomberg reported the nation’s top 10 banks collectively made $30 billion in the second quarter of this year, only a few hundred million short of the record that was set in the second quarter of 2007. Bloomberg noted the financial world was […]