According to a Reuters report dated August 19, 2024 authored by Manya Saini and Niket Nishant, regional lenders are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may...
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August 23, 2024, 07:12 AM
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Reuters reported second quarter profits at large U.S. banks are expected to fall sharply from a year earlier on increased loan loss reserves, as the pandemic recovery gives way to a possible recession.To read the full Reuters report, click here.
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July 11, 2022, 07:25 AM
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A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans, Reuters reported.
U.S. District Judge William Alsup in San Francisco, CA, said...
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May 09, 2022, 07:22 AM
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BNP Paribas is working with advisers to assess a sale of its U.S. arm Bank of the West as it seeks to retreat from the American retail banking market after struggling to compete with larger and better capitalized rivals, three sources with knowledge...
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November 16, 2021, 07:22 AM
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President Joe Biden's planned executive order to promote greater U.S. competition will target bank mergers by pushing the Federal Reserve and the Department of Justice to update merger guidelines and increase scrutiny of deals, Reuters reported...
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July 09, 2021, 07:25 AM
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Reuters reported General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny. Reuters cited an announcement made by a U.S. regulatory panel.The Financial Stability...
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August 03, 2015, 07:35 AM
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Reuters reported that Britain said on Thursday it had brought in the fraud squad to investigate possible crimes and would tighten laws over attempts to manipulate lending rates resulting from the recent scandal involving Barclays, which is expected...
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June 29, 2012, 08:00 AM
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