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Top related persons:
Banks - 1 Bill Rogers - 1 Truist - 1 Manya Saini - 1 Shilpi Majumdar - 1
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Truist - 1 Thomson - 1

Search resuls for: "Bill Rogers"


3 mentions found


☆ Truist misses profit estimates amid bigger credit-loss provisions
  + stars: | 2023-07-20 | by ( ) www.reuters.com   time to read: +1 min
July 20 (Reuters) - Truist Financial (TFC.N) missed estimates for second-quarter profit on Thursday, as the bank set aside more rainy-day funds to cover for potential defaults in a tough economy. "We prudently increased our provision and allowance amid the uncertain economic backdrop," Truist CEO Bill Rogers said in a statement. The bank set aside $538 million in provisions for credit losses in the quarter ended June 30, compared with $171 million a year earlier. They fell 5.7% in the second quarter compared to a year earlier. Net income available to common shareholders of Truist in the three-month period was $1.23 billion, or 92 cents per share, compared with $1.45 billion, or $1.09 per share, a year earlier.
Persons: Banks, Bill Rogers, Truist, Manya Saini, Shilpi Majumdar Organizations: Truist, Thomson Locations: Bengaluru
☆ Mega-bank status weighs on U.S. banking’s B-team
  + stars: | 2022-09-26 | by ( John Foley | ) www.reuters.com   time to read: +4 min
The bosses of PNC Financial Services (PNC.N) , Truist Financial (TFC.N) and U.S. Bancorp (USB.N) joined jumbo-size counterparts on Capitol Hill for a grilling last week, their first appearance as what Congress terms mega-banks. Weighed on systemic significance, U.S Bancorp is around one-eighth as risky as JPMorgan, according to a U.S. Treasury analysis. They are also much simpler than their bigger rivals, lacking international networks and complex trading businesses. PNC boss Bill Demchak noted that his office is on Fifth Avenue, but the one in Pittsburgh, not Manhattan. Watchdogs say they fear a scenario where, say, U.S. Bancorp fails and needs to be absorbed by JPMorgan, making the biggest banks even bigger.
☆ U.S. bank CEOs set for congressional grilling by Democrats and Republicans
  + stars: | 2022-09-21 | by ( Pete Schroeder | ) www.reuters.com   time to read: +2 min
People wearing masks for protection against the coronavirus disease (COVID-19) walk past the U.S. Capitol in Washington, U.S., September 4, 2022. read moreThe CEOs due to testify include the heads of the four largest U.S. banks: JPMorgan Chase & Co's Jamie Dimon, Wells Fargo's (WFC.N) Charles Scharf, Bank of America's (BAC.N) Brian Moynihan and Citigroup's Jane Fraser. They are set to be joined by US Bancorp (USB.N) CEO Andy Cecere, PNC Financial (PNC.N) CEO William Demchak and Truist's (TFC.N) Bill Rogers, who run the country's largest regional lenders. Democrats are likely to press bank executives on fees, the closure of bank branches in poorer areas and how banks are addressing fraudulent transactions. Some large banks have adopted policies that some Republicans say amount to boycotts of certain industries such as fossil fuels and firearms.
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