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News
US banks
US banks News
Moody's
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.
Morgan Stanley
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.
Morgan Stanley
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.
JPMorgan
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.
US banks
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.
US banks
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.
JP Morgan
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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