Banking & Finance

Brian Moynihan, the CEO of Bank of America, expressed confidence in the Federal Reserve's ability to control inflation during a recent luncheon that the Economic Club of New York hosted. According to Moynihan, the central bank's strategy of curbing consumer spending has yielded positive results, effectively stabilizing the economy. However, he cautioned that sustaining this success hinges on consumers avoiding overreaching in their spending habits...

In a strategic move to expand its foothold in private lending, Wells Fargo, the fourth-largest U.S. bank, has unveiled plans for a $5 billion fund. This initiative, including $2.5 billion in equity commitments, will provide senior secured loans to non-sponsor-backed middle-market enterprises in North America...

In an unexpected turn of events, the US Federal Reserve finds itself facing a daunting financial challenge as it grapples with over $100 billion in losses. This unprecedented situation has sent shockwaves through financial markets and raised questions about the stability of the nation's central banking system...

Earlier this year, the US banking crisis sent shockwaves through the global financial system. Silicon Valley Bank, Silvergate, and Signature, three mid-sized US banks, collapsed, triggering a domino effect that led to a drop in bank share prices worldwide. The Federal Reserve stepped in, providing substantial cash injections to these struggling institutions and establishing a credit facility to support others on shaky ground...

In a bid to fortify the stability of regional banks in the face of financial turmoil, a senior U.S. banking regulator has proposed a set of regulations designed to facilitate their safe dissolution. The Federal Deposit Insurance Corporation (FDIC) is set to vote on five measures aimed at preparing banks with assets exceeding $100 billion for potential collapse while also streamlining the process of breaking them up...

The fight against climate change and global poverty is receiving a significant boost as World Bank President Ajay Banga unveils ambitious plans to revamp the institution's financial structure without compromising its credit rating. With support from U.S. Treasury Secretary Janet Yellen, the World Bank aims to secure at least $200 billion in fresh resources annually to fulfill its crucial mission...

In today's fast-paced global business environment, international expansion is the key to growth for many multinational corporations. To navigate the complexities of cross-border finance and facilitate seamless market entry, BBVA, a leading multinational bank, has introduced its groundbreaking "Cross-Border" model...

Americans are facing a concerning milestone as their credit card debt surpasses $1 trillion for the first time, according to data from the Federal Reserve Bank of New York. This alarming development has been attributed to rising credit card and auto loan balances, contributing to an overall household debt increase of 1% in the second quarter, reaching a staggering $17.06 trillion...

In a recent quarterly earnings call, Bank of America CEO Brian Moynihan offered his insights on the economic landscape, projecting a mild recession in the United States. Citing the enduring strength of consumer confidence and the residual impact of substantial stimulus measures, Moynihan's perspective diverges from the more pessimistic predictions that have been circulating...

The investor appetite for bank-issued debt is experiencing a resurgence, coinciding with an impending rise in interest rates on an estimated $120 billion worth of preferred securities. Banks have been leveraging these risky instruments, which resemble stocks, to bolster their regulatory capital...