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☆ Banks haven't been the same after post-financial crisis bounce back, says Jim Cramer
▼ + stars: | 2024-10-14 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Banks haven't been the same after post-financial crisis bounce back, says Jim Cramer'Mad Money' host Jim Cramer looks at banks and healthcare sectors.

Persons: Banks haven't, Jim Cramer

☆ Why borrowing costs for nearly everything are surging, and what it means for you
▼ + stars: | 2023-10-05 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

At the center of the storm is the 10-year Treasury yield , one of the most influential numbers in finance. The relentless rise in borrowing costs has blown past forecasters' predictions and has Wall Street casting about for explanations. Companies that can only issue debt in the high-yield market, which includes many retail employers, will confront sharply higher borrowing costs. Higher rates squeeze the housing industry and push commercial real estate closer to default. "So if banks haven't fixed their issues since then, the problem is only worse, because rates are only higher."

Persons: Jerome Powell, SAUL LOEB, Bob Michele, Ben Emons, Treasurys, Benjamin Dunn, Lindsay Rosner, Peter Boockvar, Rosner Organizations: Federal Reserve, Washington , D.C, Getty, ., Treasury, Fed, JPMorgan, NewEdge, Bloomberg, Alpha Theory Advisors, Goldman, Companies, Bleakley Financial, Valley Bank, First Locations: Washington ,, U.S, Goldman Sachs, First Republic

☆ JPMorgan to expand online bank Chase to Germany, EU - Handelsblatt
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 21 (Reuters) - JPMorgan (JPM.N) will expand its online bank Chase to Germany and other European Union countries, CEO Jamie Dimon told German newspaper Handelsblatt, a move that increases competition for European rivals in a crowded market. Reuters has reported preparations for the move, but the CEO's comments to Handelsblatt published on Friday mark the first official confirmation. "It has always been clear to us that we want to introduce Chase not only in the UK, but also in Germany and other European countries," Dimon was quoted as saying. "In Germany, 'Chase' is not yet so well known, but worldwide it is a strong brand. We are also a trustworthy bank with a strong balance sheet - and private customers know that," he was quoted as saying.

Persons: Jamie Dimon, Handelsblatt, Chase, Dimon, Tom Sims, Rachel More, Christian Schmollinger Organizations: JPMorgan, Chase, Union, Reuters, Reuters Graphics JPMorgan, European Union, Deutsche Bank, Thomson Locations: FRANKFURT, Germany, United States, Frankfurt

☆ JPMorgan to expand online bank Chase to Germany, EU, Handelsblatt reports
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

☆ Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
▼ + stars: | 2023-03-25 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

First Republic Bank headquarters is seen on March 16, 2023 in San Francisco, California, United States. Tayfun Coskun | Anadolu Agency | Getty ImagesWearing many hatsThe dynamic has put big banks like JPMorgan and Goldman Sachs in the awkward position of playing multiple roles simultaneously in this crisis. JPMorgan, Bank of America, Citigroup and Wells Fargo representatives declined to comment for this article. "There's been a lot of ins and outs, but people are still putting money into the big banks." While the deposit flight from smaller banks has slowed, the past few weeks have exposed a glaring weakness in how some have managed their balance sheets.

☆ No all-clear yet for European banks after SVB collapse - German economist
▼ + stars: | 2023-03-14 | by ( ) www.reuters.com time to read: +1 min

BERLIN, March 14 (Reuters) - European banks are not completely in the clear after the collapse of Silicon Valley Bank (SIVBV.UL) and Signature Bank (SBNY.O) even though they do not face a systemic risk, the president of German economic research group DIW said on Tuesday. But he said many European banks were also facing this issue. "We have to be very careful," Fratzscher said, adding that German banks haven't fully recovered from the 2008 financial crisis initiated by the fall of Lehman Brothers, which had "systemic meaning" and caused a domino effect. "We don't see that in the case of SVB, which is relatively small," he said. Reporting by Maria Martinez; Editing by Miranda Murray and Alison WilliamsOur Standards: The Thomson Reuters Trust Principles.

☆ Here's why Mendon Capital Advisors' Anton Schutz likes regional banks
▼ + stars: | 2022-12-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHere's why Mendon Capital Advisors' Anton Schutz likes regional banksAnton Schutz, Mendon Capital Advisors president and CIO, joins 'The Exchange' to discuss the bright spots in the investing landscape this year, why the banks haven't benefited from higher net interest income and more.

☆ A fund manager who oversees $14 billion in equities breaks down why emerging markets offer attractive growth opportunities even during a worldwide economic slowdown — and shares his top 7 foreign stoc
▼ + stars: | 2022-11-15 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

Vontobel's Ramiz Chelat says that certain emerging markets can weather a global economic slowdown. Chelat is particularly bullish on the economies of India, Indonesia, and Brazil. While domestic investors have their hands full with potential recession, portfolio manager Ramiz Chelat believes that the best investment opportunities may be slipping away. Chelat — who manages $5 billion in emerging market equities and $9 billion in global equities at Vontobel Asset Management — is particularly bullish on the emerging economies of Brazil, India, and Indonesia. Chelat believes that all three nations are strong enough to weather any future fallouts from the Russia-Ukraine war, and may even be net beneficiaries in some cases.

☆ Apple, Goldman Sachs introduce interest-bearing savings accounts as rates rise
▼ + stars: | 2022-10-13 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple will soon allow iPhone users to put credit card rewards from Apple Card and additional funds from separate bank accounts into an interest-bearing savings account. In a press release on Thursday, Apple said the feature is expected to launch in the "coming months," and the FDIC-insured account will be administered by Goldman Sachs , the bank and lender behind the Apple Card. Apple said it isn't announcing an annual yield yet as interest rates are moving rapidly. By jumping into interest-bearing accounts, Apple is capitalizing on rising rates as the Federal Reserve tries to tamp down soaring inflation. Many traditional brick-and-mortar banks haven't raised interest rates on savings accounts even as rates broadly are going up.

☆ Beaten up bank stocks are entering third-quarter earnings in miserable shape
▼ + stars: | 2022-10-12 | by ( Bob Pisani | ) www.cnbc.com time to read: +1 min

Bank stocks are entering earnings season near the lows. JPMorgan Chase and Citigroup kick off the group's earnings season on Friday. So is KeyCorp, Bank of America, Comerica and PNC. Banks haven't entered earnings season in this bad a shape since the early days of covid. JP Morgan 8.1 Citigroup 6.0 KeyCorp 6.7 USBancorp 7.8 PNC 9.1 The SPDR Bank ETF (KBE), a basket of the largest bank stocks, routinely traded for a forward multiple between 12 and 14 for many years.

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