[unable to retrieve full-text content]Earnings from more banks, Netflix, and retail sales: What to know this week Yahoo Finance Source link
Read More »Earnings from more banks, Netflix, and retail sales: What to know this week – Yahoo Finance
Commercial real estate a ‘manageable’ problem but some banks will close: Powell
Federal Reserve chair Jerome Powell is predicting that more small banks will likely close or merge due to commercial real estate weaknesses, but that the problem is ultimately “manageable.” The central bank official made this point during a 60 Minutes interview that aired Sunday night. It was Powell’s first comments about the industry following a new bout of turmoil cascading through the stocks of many regional banks. “I don’t think there’s much risk of a repeat of 2008,” Powell said,… Source link
Read More »The 2023 crisis may be over for regional banks but they still have plenty of 2024 problems
Several of the nation’s best-known midsized lenders reported sizable drops in profits during the fourth quarter, a reminder of how challenging 2023 was. The problem is that things aren’t expected to get much better in 2024. The stock of Discover Financial Services (DFS) fell 11% Thursday after it reported that earnings fell 62% from the year-ago period. KeyCorp (KEY) fell by more than 4% after it said profits dropped 36%. Truist (TFC) rose slight after falling for most of the afternoon. It… Source link
Read More »Google Wallet now supports 44 more banks — here’s the new additions
Many more banks have joined the list since we last checked … Source link
Read More »Google, Symphony unveil AI JV to help banks manage voice calls compliance risk – Yahoo Finance
[unable to retrieve full-text content]Google, Symphony unveil AI JV to help banks manage voice calls compliance risk Yahoo Finance Source link
Read More »Bitcoin rediscovers its mojo as banks stumble, says Standard Chartered’s Geoff Kendrick – Yahoo Finance
[unable to retrieve full-text content]Bitcoin rediscovers its mojo as banks stumble, says Standard Chartered’s Geoff Kendrick Yahoo Finance Source link
Read More »Small banks lost $120 billion in deposits during SVB tumult – Yahoo Finance
[unable to retrieve full-text content]Small banks lost $120 billion in deposits during SVB tumult Yahoo Finance Source link
Read More »Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks – Yahoo Finance
[unable to retrieve full-text content]Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks Yahoo Finance Source link
Read More »Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks – Yahoo Finance
[unable to retrieve full-text content]Bitcoin, Ether, other crypto gain with equities amid global fund injections to support banks Yahoo Finance Source link
Read More »US Discusses Fund to Backstop Deposits If More Banks Fail – Yahoo Finance
[unable to retrieve full-text content]US Discusses Fund to Backstop Deposits If More Banks Fail Yahoo Finance Source link
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