banking

A potential collapse in the commercial real estate sector, the largest since 2008, could hit U.S. banks with up to $160 billion in losses. What Happened: A working paper from researchers at USC, Columbia, Stanford, and Northwestern has assessed the impact of sustained high-interest rates on the...

As the U.S. economy continued to show signs of strength, many investors remained concerned with China’s economic outlook. One hedge funder, Kyle Bass, said China was experiencing a “full banking system collapse” in a recent post on X.  Bass, who is the CIO of Hayman...

Brett Turner, Founder & CEO of Trovata, will be speaking at the upcoming Benzinga Fintech Deal Day & Awards. Mark Nov. 13 on your calendar for the must-attend gathering in the fintech industry! We are at a critical inflection point for corporate banking. The current business model for...

Hancock Whitney Corp (NASDAQ: HWC) shares are trading higher in Tuesday's after-hours session after the company reported third-quarter earnings. What To Know: The company reported quarterly earnings of $1.12 per share, a 27.74% decrease over earnings of $1.55 per share from the same period...

U.S. financial institutions kicked off earnings season on a robust note, surpassing analysts’ expectations for their third-quarter earnings per share. JP Morgan Chase & Co. (NYSE:JPM) announced earnings per share (EPS) of $4.33, surpassing the consensus estimate of $3.96. Additionally,...

Robinhood Markets Inc (NASDAQ: HOOD) CEO Vladimir (Vlad) Tenev joined CNBC’s Power Lunch on Friday to discuss the company amid a downturn of retail investors. Tenev noted that while retail investing was down across the board from the COVID-19 bull-market rally, Robinhood remained in...

Binance (CRYPTO: BUSD) is looking to replace Paysafe (NYSE: PSFE) as its banking partner. What Happened: The crypto exchange has notified all Paysafe users to convert their EUR balances into Tether (CRYPTO: USDT) by Oct. 31. The news comes after the global payment solutions company cut the...

The Forward Guidance Trap We did not expect a 50bp increase in the FOMC median policy forecast for ‘24 and ‘25, nor did we expect them to forecast tighter policy in ‘25 and ‘26 as measured by real policy rates from 2.3% at year-end (YE) ‘23 to 2.6% at YE24 and 2.7% at...

In the aftermath of a substantial money laundering scandal involving S$2.4 billion ($1.8 billion) last month, banks based in Singapore have increased their vigilance towards clients of Chinese origin who possess foreign passports. What Happened: According to sources, several financial institutions...

The banking landscape post-COVID-19 pandemic looks different, with some surveys showing upwards of 90% of consumers prefer managing their money in one place, online. The tech-forward banks are some clear winners in this race, particularly following the financial crises over the last two years....

In recent weeks, regional banks have encountered a series of formidable challenges, stemming not only from credit rating agencies but also from statements made by the FDIC Chair. The call for heightened regulations within the sector has cast a shadow over these financial institutions. Responding to...

Fitch Ratings raised alarms about the looming threat of rating reductions for numerous U.S. banks, with even giants such as JPMorgan Chase & Co. (NYSE:JPM) potentially in the crosshairs. Chris Wolfe, an analyst at Fitch, highlighted that while the agency lowered its outlook on the banking...

The much-awaited Fed Beige Book released Wednesday provides insights into the state of the economy, showing a slight increase in overall economic activity since late May but warning that a period of slow growth is approaching. Among the 12 Federal Reserve Districts surveyed, only two –...

Smart wallet infrastructure provider Safe announced on Thursday a partnership with Monerium, an on-chain fiat issuer, to integrate the latter's Web3 IBAN and EURe fiat on/off-chain payments directly into individual Safe smart accounts. The company stated this partnership was...

The aftermath of the Silicon Valley Bank (SVB) collapse has been anything but peaceful for startups, tech companies and regulatory bodies alike. The swift downfall of SVB, which went from solvent to insolvent within a span of two days in March, sent ripples across the banking and tech sectors....