Banks

Bob Michele, Managing Director, is the Chief Investment Officer and Head of the Global Fixed Income, Currency & Commodities (GFICC) group at JPMorgan.CNBCTo at least one market veteran, the stock market's resurgence after a string of…
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damircudic | E+ | Getty ImagesThe Federal Reserve is likely to temporarily pause its aggressive interest rate hikes when it meets next week, experts predict. But consumers may not see any relief.The central bank has raised interest rates 10…
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Bank of China is one of the major state-owned banks in China. Pictured here is a branch in Shanghai on March 27, 2023.Bloomberg | Bloomberg | Getty ImagesBEIJING — China's largest banks cut interest rates for savers on Thursday in a bid to…
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WASHINGTON — Given the overall environment in the industry, it's likely for some smaller banks to consolidate, Treasury Secretary Janet Yellen said Wednesday morning."There is motivation to see some consolidation and it wouldn't surprise me…
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Silicon Valley Bank UK will continue to serve startup businesses from "seed funding to IPO," the chief executive of its new owner, HSBC UK, said Tuesday."We're going to protect what we've got," Ian Stuart told CNBC's Arjun Kharpal at the…
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JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the…
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Georgieva says she had to work "twice as hard" to be equal to her male colleagues.Drew Angerer / Staff / Getty ImagesThe International Monetary Fund has yet to see enough banks pulling back on lending that would cause the U.S. Federal…
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With its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks.UBS is no stranger to blockbuster mergers. The modern company is comprised of over 370 legacy firms, including former domestic rivals.…
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JP Morgan CEO Jamie Dimon looks on during the inauguration of the new French headquarters of US' JP Morgan bank on June 29, 2021 in Paris.Michel Euler | AFP | Getty ImagesJPMorgan Chase CEO Jamie Dimon testified last week that Mary Erdoes,…
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Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, D.C., US, on Thursday, Sept. 22, 2022.Al Drago | Bloomberg | Getty…
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