Banks
U.S. banks need better defenses against rates shock, regulators warn
Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly […]
HBR – Why is there little competition among U.S. Banks
A century ago, J.P. Morgan made a fortune by buying up shares of competing railroad companies with other people’s money. He used cash from savers and financiers to buy shares in competitors. Then Morgan forced […]
Charging for mobile apps could generate $500M in revenue for Banks
Large banks could tap into a $500 million source of revenue annually if they charged customers for using mobile banking apps $1 to $3 a month. As per an S&P Global Market Intelligence survey, which states […]
Banks race to meet OTC derivatives collateral requirements
Major banks around the world are testing collateral systems, signing legal documents and making other moves in order to meet a deadline in September for fresh collateral requirements on over-the-counter derivatives. The regulations will be […]
Negative rates seen taking big bite out of Japan’s bank profits
Japan’s three leading banks stand to take a hit ¥300 billion hit to their bottom lines due to the Bank of Japan’s negative interest rates, according to Nikkei. Japan’s Financial Services Agency warned the central […]
Banks reportedly want more time on Volcker rule
Big banks reportedly want another extension on compliance with provisions of the Volcker rule, a portion of the 2010 Dodd-Frank Act that prohibits banks from making speculative bets with their own capital. The banks want […]
Banks use blockchain technology to improve trade finance
HSBC Holdings and R3, a technology firm backed by Bank of America Merrill Lynch, said they have developed tools that use blockchain technology to simplify international trade finance. They joined with the Infocomm Development Authority […]
Chinese banks post slower profit growth for H1
Commercial banks saw annualized profit growth of 3.17% in the first half of 2016, a slowdown from recent gains, according to the China Banking Regulatory Commission. Assets were up 15.7% from a year before, and […]
Stress test: Fannie, Freddie could need $126B to survive crisis
US housing-finance agencies Fannie Mae and Freddie Mac would need a major infusion of taxpayer cash to survive a financial crisis, a stress test by the Federal Housing Finance Agency has found. A major economic […]