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US banks News

09 Aug 2023

US Stocks Sink As Moody's Warns It Could Cut Credit Ratings Of 6 Big Banks

A lower credit rating could push funding costs for those banks even higher.

Facebook financial services

07 Aug 2018

Facebook seeking customer data from US banks: Report

The Mark Zuckergerg-led company is still recovering from its recent data privacy scandal.

18 Apr 2016

Morgan Stanley's profit falls by more than half as trading slumps

Morgan Stanley`s quarterly profit fell by more than half as the Wall Street bank`s fixed-income trading and investment banking businesses took a hit from market volatility early in the year.

19 Oct 2015

Morgan Stanley profit plunges 42% as trading revenue slumps

Wall Street bank Morgan Stanley's profit slumped for the second straight quarter as investors fled the bond, currency and commodity markets amid uncertainty about the timing of a US interest rate hike and concerns about China's cooling economy.

Global software

10 Jul 2015

Infosys to offer financial services to US banks

Global software major Infosys Ltd will offer its flagship Finacle product to service US banks` Verizon cloud platforms.

29 May 2015

JPMorgan Chase to cut 5,000 jobs: Sources

About $2 billion of that is to come from cost-cutting in retail banking, with the bank planning to close 300 of its 5,570 branches by the end of 2016.

Federal Reserve

11 Mar 2015

Fed rejects capital plans of US arms of Deutsche Bank, Santander

The Federal Reserve rejected the capital plans of the US operations of Spanish bank Santander and Germany`s Deutsche Bank, saying it saw serious problems in the planning processes of both.

09 Dec 2014

For Fed stress tests, US banks form a study group

Executives at the biggest U.S. banks are sharing notes with each other before their next round of tests with federal regulators.

02 Dec 2014

US fed funds rate hit highest since April 2013

A key overnight borrowing cost for US banks reached its highest level since April 2013 on Monday after the Federal Reserve raised an interest rate on a test program aimed to hit its rate target when it decides to tighten policy, Fed data showed.

28 Aug 2014

US banks victims of 'sophisticated' cyber attack: Report

JP Morgan Chase and at least four other US banks have been victims of a "sophisticated" series of cyber attacks this month, sources close to the investigation told The New York Times.

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