Banking

Mark Shafir, who most recently served as co-head of Global M&A at Citi, announced his retirement on Tuesday morning, according to a memo, which was distributed internally.

Ahead of BlackRock, Citigroup, JPMorgan Chase, PNC Financial and Wells Fargo reporting earnings on Friday, finance pros have concerns up and down the balance sheet.

The IMF released its updated World Economic Outlook on Tuesday, providing a gloomy forecast of the global economy amid inflation and rising interest rates.

Nouriel "Dr. Doom" Roubini is warning that the U.S. banking crisis could spread and cause the economy to experience a hard landing and enter a recession.

Walmart has filed a lawsuit against credit card partner Capital One. The retailer did so in connection to the contract it has with Capital One for the bank to issue its cards.

Audit firm KPMG LLP flagged potential losses on loans as a critical matter for Silicon Valley Financial but missed the inherent bond losses and unreliable deposits that took the financial institution down, the Wall Street Journal reported.

Sen. Elizabeth Warren and Rep. Alexandria Ocasio-Cortez raised concerns over the "cozy" relationship between Silicon Valley Bank and its biggest customers.

Binance is shopping to find a banking partner since the two financial institutions it used failed in the recent crisis leaving them unable to handle its customers' cash.

A lawsuit has been filed citing the auditor and underwriters concerning the collapse of Silicon Valley Bank. The complaint was filed Friday in a San Francisco federal court.

The culprit responsible for high inflation was profligate government spending in the form of multitrillion-dollar spending bills sold as "COVID relief" and "infrastructure."

JPMorgan Chase CEO Jamie Dimon said that turmoil within the banking system has raised the odds that the U.S. economy tumbles into a recession this year.

Federal Reserve Bank of St. Louis President James Bullard said Thursday that banks will not tighten credit enough to send the U.S. economy into a recession.

Investors and analysts care about CMBS prices in large part because of what they signal about a much larger universe of commercial real-estate loans that aren’t sliced into securities.

Small businesses could soon see lines of credit canceled from banks as the global banking crises, inflationary pressures and rising interest rates slow commercial lending.

The Bank of North Dakota's unique position as the only U.S. bank owned and operated by a state has drawn attention as a potential alternative structure amid the recent banking crisis.

Western Alliance Bancorp's first-quarter deposits were 11% lower than at the end of 2022, as customers spooked by the sudden collapse of two U.S. lenders pulled out funds.

Following recent banking closures, Fannie Mae predicts a recession will take place in the second half of 2023. Meanwhile, Americans continue dealing with an uncertain interest rate environment and high inflation.

Credit Suisse Chairman Axel Lehmann and CEO Ulrich Korner on Tuesday addressed the Switzerland-based bank’s near-collapse and UBS’s planned takeover of it.

Sales over the past three years by the bank’s chairman, its former chief executive officer and his successor accounted for about half of the amount sold.

U.S. bank deposits fell year-over year in 2022 as debt reached record highs, according to reports. Inflation and rising interest rates contributed to these trends and persist today, triggering fears of banking collapses and recession.