by Ken Chase | Sep 1, 2023 | Banks, News
U.S. regulators have issued a new proposal that would impose tougher long-term debt rules on large regional banks. The new rules would impact insured depository institutions with more than $100 billion in assets. Those IDIs would be required to issue more long-term...
by Ken Chase | Aug 30, 2023 | Banks, News
Banking giant Goldman Sachs has confirmed its plans to sell its high-net worth wealth management unit to Creative Planning LLC. The sale is part of a broader effort by the bank to refocus its strategy and enhance its services to “ultra-high net worth” customers. The...
by Ken Chase | Aug 29, 2023 | Banks, News
This week, S&P Global Ratings confirmed bank credit rating downgrades for several big banks. The agency noted in a report that the downgraded banks could be “less resilient” than peers due to continuing risks. The move comes just weeks after Moody’s announced its...
by Ken Chase | Aug 12, 2023 | Banks, News
In separate announcements, The SEC and CFTC confirmed actions against Wells Fargo and ten other Wall Street companies. The charges allege that the companies failed to properly maintain records of their employees’ communications, as required by federal law. That...
by Ken Chase | Aug 12, 2023 | Banks, News
Moody’s moved to downgrade credit ratings for ten U.S. banks this week, citing concerns about funding risks and profitability challenges within the banking sector. In addition, the firm also confirmed that it has placed six of the nation’s largest banks under review...
by Ken Chase | Aug 4, 2023 | Banks, News
The Federal Reserve released its Senior Loan Officer Opinion Survey this week. The quarterly survey report found that banks have tightened their credit standards for lending. Meanwhile, consumer loan demand has weakened, as interest rates have risen as part of the...
