Banking

The banking sector is currently experiencing great strain, which has resulted in several bank bailouts – most recently UBS’ deal to buy its Swiss competitor Credit Suisse following a collapse in [...]

A September pause in interest-rate hikes is looking increasingly likely, Wall Street economists say, amid milder-than-expected inflation, moderated consumer spending and lessening wage pressures. [...]

The Federal Reserve lifted interest rates again on Wednesday, reaffirming its commitment to achieving a 2% annual rate of inflation. “We’ve covered a lot of ground and the full effects of [...]

Americans have 10% to 15% more in the bank than they did pre-pandemic, says a new survey of millions of Chase customer accounts. But that may not last long: Households are quickly spending the [...]

UBS is courting talent for its wealth management division in a bet on high-net-worth U.S. clients, reports Reuters. The hiring push comes even as the bank contemplates letting go of 30% of its [...]

  Non-U.S. customers of Silicon Valley Bank lost their deposits in that lender’s collapse, but many are still “on the hook” for credit lines and loans that were later sold to [...]