by Ken Chase | Oct 26, 2022 | Banks, Market
Estimated reading time: 3 minutes By: Ken Chase. The most recent forecast from Bloomberg Economics shows that the U.S economy is basically certain to experience recession by October 2023. The latest Bloomberg economist probability models represent a significant...
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 visbanking | Oct 5, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The U.S. Office of the Comptroller of the Currency (OCC) announced this week that it has terminated a 2020 consent order related to a 2019 Capital One data breach. In its announcement, the OCC confirmed that it believes...
