US Domestic Bank Deposits Drop For Second Straight Week On the heels of a major deposit outflow the week before, and a huge (record) money-market fund outflow last week, all eyes are back on the banks again on Friday evening to see if this 'flight' continues as Tax-Day drags cash away from its comfy-5%-earnings-spots. On a seasonally-adjusted basis, total US bank deposits declined for the second straight week (though only $2.4BN) after reaching back to pre-SVB levels Source:...
Many companies will release their latest earnings, including Taiwan Semiconductor Manufacturing Company (TSM), Netflix (NFLX), D.R. Horton (DHI.MX), and Nokia (NOK). Multiple leaders from the Federal Reserve will speak on Thursday, including Fed Governor Michelle Bowman, New York Fed President John Williams, and Atlanta Fed President Raphael Bostic. Housing data in the form of existing home sales for the month of March will be released early on Thursday morning. For more expert insight and the...
2:22 PM PT -- Ippei Mizuhara showed up to his court appearance with shackles around his ankles although the chains were ultimately removed as the hearing got underway. During the proceedings, Mizuhara -- wearing a dark-colored suit -- learned…
The path for the Bank of England to cut interest rate cuts looks increasingly uncertain, particularly as the US Federal Reserve looks set to wait a while longer before loosening policy.
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The results from the nation's second-largest lender offer the latest example of how even the biggest banks are increasingly challenged by high interest rates.
The Bank of England will on Friday publish a long-awaited review by former Federal Reserve Chair Ben Bernanke that could lead to significant changes in its policymaking.
The Commonwealth Bank, Australia's biggest home lender, has revealed almost half of investors getting a loan are Millennials. Here are the suburbs that are hot with new buyers.
Experts have said that banks must prioritise the acquisition of data, infrastructure, and technology to fully explore the potential of Artificial Intelligence. They spoke in separate interviews with The PUNCH while making observations on how AI can revolutionise the banking industry. The co-founder at Alty, Leo Goriev, in a chat with The PUNCH, noted that Read More
(Reuters) -Citigroup's profit fell in the first quarter as it spent more on severance payments for laid-off employees and set aside money to refill a government deposit insurance fund. Citi said in its investor presentation that it expects a headcount reduction of 7,000 and $1.5 billion in annualized savings from reorganization. Fraser began a sweeping reorganization in September to simplify the bank and improve performance.
Bank customers with trust accounts may see their FDIC insurance coverage limits lowered under new changes. Here's what to know.
Most of this week has been dominated by discussions about when the Bank of England will start cutting interest rates.