Lenders reduced their uninsured deposits by about $200 billion after the bank failures.
Tag: international bank
UBS to Pay Nearly $400 Million Fine to Settle Credit Suisse’s Archegos Failures
The Fed says Credit Suisse engaged in ‘unsafe and unhealthy counterparty credit risk management practices’ related…
Wall Street Can’t Shake Off Investment-Banking Slump
Morgan Stanley said second-quarter profit fell 13% from a year earlier due to a 22% drop…
Bonds Are a Problem, and One Solution, for Bank of America
Trading the bonds is doing better than holding them.
Morgan Stanley’s Profit Falls, Hurt by Lower Trading Revenue
The results show that Wall Street-style businesses such as investment banking and trading are still in…
U.S. Virgin Islands Seeks $190 Million From JPMorgan Over Epstein Suit
The US Virgin Islands filed a lawsuit last year alleging the bank ignored red flags about…
Bank of America Ordered to Pay $250 Million Over Wrongful Fees, Fake Accounts
The CFPB also said the bank withheld credit card rewards and opened accounts without consent.
Three Months After Losing $17 Billion on Credit Suisse, The Bond Market Is Carefree
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