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News
US bank
US bank News
Silicon Valley Bank
14 Mar 2023
SVB Crisis: Will Collapse Of The US Bank Impact Indian Start-Ups And Banking?
SVB collapse predicts result in a long funding winter for the Indian startups. Many start-ups at their early and mid-level have been funded by the SVB’s incubation fund like Y-Combinator. Two days after the collapse of the Silicon Valley Bank, another US lender, Signature Bank was shut down on Sunday by the Federal Deposit Insurance Corporation (FDIC).
JPMorgan Chase & Co
13 Apr 2016
JPMorgan quarterly profit falls 6.7% hurt by drop in investment banking revenue
JPMorgan Chase & Co, the biggest US bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.
JPMorgan
14 Jul 2015
JPMorgan profit rises as expenses fall
JPMorgan Chase & Co , the biggest US bank by assets, reported a 5.2 percent increase in quarterly profit as expenses declined.
General Electric
20 Apr 2015
GE in talks to sell lending unit for $74 bn: Report
General Electric, refocusing on its industrial roots, is in talks to sell its USD 74 billion commercial lending unit to Wells Fargo, the fourth-largest US bank, The Wall Street Journal reported on Monday.
Citi
17 Apr 2015
Citi posts highest quarterly profit in 8 years as costs plunge
Citi has been slowly getting its house in order by cutting costs and shedding assets that are not critical to its main businesses. It has sold retail operations in many countries and shrunk its U.S. branch network.
Citigroup
17 Mar 2015
Citigroup to exit Argentine custody business
Next steps could include the sale of the custody business, or just terminating it, Citi attorneys at Davis Polk & Wardwell said in the letter.
Citigroup Inc
15 Jan 2015
Citigroup profit falls on legal and restructuring charges
Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations.
JPMorgan
11 Dec 2014
Fed targets JPMorgan as it favors traditional banks
In publicly declaring that JPMorgan Chase should raise $22 billion, the Federal Reserve has delivered a hard blow to the largest US bank and shown its preference for traditional banks.
Jamie Dimon
05 Dec 2014
JPMorgan's Dimon says cancer treatment successful
JPMorgan Chase chief executive Jamie Dimon told bank employees Friday that his throat cancer has disappeared after three months of treatment.
US bank
05 Dec 2014
JPMorgan continues run as top ranked investment bank
JPMorgan retained its crown as the top performing investment bank in the first nine months of the year, having made revenue of $17.1 billion in the year-to-date.
JPMorgan
08 Nov 2014
JPMorgan plans cut 3,000 more jobs this year
JPMorgan will also eliminate more jobs in its mortgage unit, reducing up to 7,000 positions in that part of the bank, compared with an earlier target of 6,000.
Bank of America
15 Oct 2014
Bank of America moves past worst legal costs, posts loss
Since 2010, the second-largest U.S. bank has agreed to pay at least $70 billion to resolve disputes linked to home loans, mortgage bonds and other problems stemming from before and during the crisis.
JP Morgan
09 Oct 2014
Fidelity attacked by JPMorgan hackers, no data stolen: Report
JPMorgan is the only company to have confirmed that information was stolen.
Citigroup
04 Oct 2014
Head of Citigroup's troubled Mexico unit resigns
Citi said that Javier Arrigunaga was stepping down "in light of the difficult challenges our franchise in Mexico has faced over the past year."
JP Morgan
03 Oct 2014
Information on 76mn households affected by cyber breach: JP Morgan
The bank said that there was no evidence that critical account information such as account numbers, user identities or social security numbers were stolen by the hackers.
JP Morgan
16 Jul 2014
JPMorgan Chase shares jump despite lower earnings
JPMorgan, the biggest US bank by assets, said second-quarter earnings slid 7.9 percent from the year-ago period to $5.99 billion
Citigroup
14 Jun 2014
US Justice Department preparing to sue Citigroup
Spokesmen in New York for Citigroup didn't immediately return calls seeking comment on Friday.
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