by Ken Chase | Oct 26, 2022 | Banks, Market
By: Ken Chase. Third-quarter earnings from the major U.S. banks revealed a significant decline in mortgage lending in the late summer and early fall. According to some analysts, those declines in loan activity could forecast an even broader slowdown in the nation’s...
by Ken Chase | Oct 14, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes For Credit Suisse, this week continued to bring bad news, as the firm’s shares dropped once again after U.S. authorities announced an investigation into whether the Swiss bank had helped its U.S. clients to hide their...
by Ken Chase | Oct 12, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes Swiss financial giant Credit Suisse has been in the media and financial market spotlight in recent weeks, and for good reason. The troubled bank’s stability has been a near constant source of scrutiny from investors and...
by Ken Chase | Oct 11, 2022 | Banks, Market
By: Ken Chase. Bank of America has confirmed that it plans to add an additional $100 million in deposits to banks serving minority communities, as part of its broader effort to support racial equality initiatives. The bank had previously committed to investing $100...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to protect its customers’ personal identifying...
