Regulators Seize Republic First, a Troubled Philadelphia Bank
The New York Times: Banking
APRIL 26, 2024
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.
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Fearing Losses, Banks Are Quietly Dumping Real Estate Loans
The New York Times: Banking
JUNE 24, 2024
Some banks are trying to avoid that fate. If landlords can’t pay back loans on office buildings, the lenders will suffer.
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‘Zombie Offices’ Spell Trouble for Some Banks
The New York Times: Banking
FEBRUARY 8, 2024
Bank tremors serve as a reminder: Just because a crisis hasn’t hit immediately doesn’t mean commercial real estate pain isn’t coming.
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Residents in Lebanon Flee as Israel Strikes Hezbollah-Affiliated Financial Institution
The New York Times: Banking
OCTOBER 20, 2024
Branches of Al-Qard al-Hasan, which functions as Hezbollah’s de facto banking arm but also operates as an alternative bank for Lebanese, were targeted around Beirut and across the country’s south and east.
Bank of Japan Raises Interest Rates for Second Time Since 2007
The New York Times: Banking
JULY 30, 2024
The closely watched move by the Bank of Japan could bolster the country’s beleaguered currency.
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Bank Runs Spooked Regulators. Now a Clampdown Is Coming.
The New York Times: Banking
MARCH 5, 2024
Federal Reserve officials and other bank regulators could roll out a new proposal this spring to ward off a repeat of 2023’s banking turmoil.
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European Central Bank Cuts Rates for Second Time in Three Months
The New York Times: Banking
SEPTEMBER 12, 2024
percent, comes as inflation has slowed and the bank faces pressure to bolster the region’s flagging economy. The reduction, to 3.5 percent from 3.75
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Collectors Line Up in London as King Charles Bank Notes Are Released
The New York Times: Banking
JUNE 5, 2024
A steady stream of people lined up at the Bank of England on Wednesday to get what they hoped would be collector’s items: the first bank notes featuring the portrait of King Charles III.
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Banks Made Big Climate Promises. A New Study Doubts They Work.
The New York Times: Banking
APRIL 8, 2024
Using European Central Bank lending data, researchers said there was not evidence that voluntary commitments were effective in reducing emissions.
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Small Banks Say Their Commercial Real Estate Loans Are Fine
The New York Times: Banking
JULY 24, 2024
Community banks are big commercial real-estate lenders. But they say their loans are to sturdy local businesses, not those facing vacant office space.
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Citi Executive Sues the Bank Over Sexual Harassment
The New York Times: Banking
NOVEMBER 29, 2023
Ardith Lindsey, a managing director, is accusing the bank of tolerating a culture in which managers sexually harassed her.
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Second Circuit Adopts "Transfer-by-Transfer" Approach to Bankruptcy Code's Safe Harbor for Securities Contracts Payments
JD Supra: Mergers
FEBRUARY 8, 2024
883 (2018), that a debtor may itself qualify as a "financial institution" covered by the safe harbor by retaining a bank or trust company as an agent to handle payments, By: Jones Day Supreme Court suggested (but did not hold) in Merit Mgmt. FTI Consulting, Inc.,
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A Standoff at Libya’s Central Bank Shows Cracks in Country’s Political Stability
The New York Times: Banking
AUGUST 20, 2024
The country has settled into a tense east-west divide, but turmoil around the central bank, which handles Libya’s oil riches, has worsened a fraying, fragile political setup.
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Russia’s Central Bank Raises Rates to 16 Percent
The New York Times: Banking
DECEMBER 15, 2023
The bank warned that its tight monetary policy would continue “for a long period” as it attempts to slow an economy in danger of overheating.
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Profits Leap at Goldman Sachs as Banks See Steady Economy
The New York Times: Banking
OCTOBER 15, 2024
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
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How to Keep Your Money Safe if Your Online Lender Is Not a Bank
The New York Times: Banking
AUGUST 10, 2024
The collapse of a little-known intermediary named Synapse Financial Technologies has put a spotlight on the risk that customers face when using popular banking start-ups.
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Deal to Reopen Libya’s Central Bank Eases Fears of Fighting
The New York Times: Banking
SEPTEMBER 27, 2024
A standoff over control of the bank had destabilized the country’s economy and raised the prospect of fresh fighting between Libya’s eastern and western factions.
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How to Pay Off Credit Card Debt and Deal With Rising Bank Fees
The New York Times: Banking
AUGUST 23, 2024
More borrowers have been falling behind on their credit card bills and are paying more for basic banking services, like A.T.M.
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F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
The New York Times: Banking
SEPTEMBER 17, 2024
Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.
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Banks Offer Bonuses for Customers Opening New Accounts
The New York Times: Banking
SEPTEMBER 13, 2024
Facing competition for business, banks are offering incentives to switch. But as one expert put it, “You have to read the fine print.”
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Bank of England Holds Rates Steady but Signals Gradual Easing
The New York Times: Banking
SEPTEMBER 19, 2024
The British central bank has emphasized its intention to move steadily to ensure that inflation continues to slow.
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Sports Investment Banking: How to Win the Super Bowl and the World Cup in the Same Year
Mergers and Inquisitions
DECEMBER 4, 2024
This partially explains why sports investment banking has become a hot field, with JP Morgan and Goldman Sachs launching their own sports coverage groups. For a long time, sports teams and franchises were not worth that much, so banks rarely put their “A-Teams” on these deals. What is Sports Investment Banking?
Foreclosures in China Soar, Threatening to Choke Off Bank Profits
The New York Times: Banking
NOVEMBER 4, 2024
When the housing market was flying high, mortgage defaults were almost nonexistent. But now the legal system is struggling to keep up with evictions.
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Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
The New York Times: Banking
NOVEMBER 26, 2024
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
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Banks Hit With Service Glitches
The New York Times: Banking
JULY 19, 2024
Trading and some financial transactions were delayed around the world.
How Bangladesh’s Economy Was Siphoned Dry
The New York Times: Banking
DECEMBER 3, 2024
Bangladesh’s currency was battered by what the new head of the central bank says was the looting of the banks under the deposed prime minister.
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Debate Over Bank Industry Rules One Year After SVB Collapse
The New York Times: Banking
MARCH 10, 2024
Silicon Valley Bank’s collapse last March set the stage for a clash between bankers and their regulators.
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European Central Bank Cuts Interest Rates for First Time Since 2019
The New York Times: Banking
JUNE 6, 2024
The reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
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Consumer Bureau Proposes Overdraft Fee Limits for Large Banks
The New York Times: Banking
JANUARY 17, 2024
The options would include charging a benchmark fee, set by the bureau, that would be significantly lower than the current $35 standard.
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World Bank President Ajay Banga Addresses Climate Change
The New York Times: Banking
DECEMBER 8, 2023
Ajay Banga, who took over the top job in June, has prioritized global warming issues in his first months on the job.
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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen
The New York Times: Banking
JULY 9, 2024
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
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Fed Chair Says Central Bank Need Not ‘Hurry’ to Cut Rates
The New York Times: Banking
MARCH 29, 2024
Jerome Powell said that strong economic growth gives Federal Reserve officials room to be patient, and he emphasized the institution’s political independence.
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Lebanon Detains Riad Salameh, Former Head of Central Bank
The New York Times: Banking
SEPTEMBER 4, 2024
Riad Salameh, once seen as an international financial wizard, is the subject of multiple inquiries and has attracted blame for the country’s economic crisis.
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A Russian Bank Account May Offer Clues to a North Korean Arms Deal
The New York Times: Banking
FEBRUARY 5, 2024
Moscow may be trying to help Pyongyang with access to the international financial system in exchange for missiles and ammunition, U.S.-allied allied intelligence officials suggest.
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Why One Shaky Bank Is Stirring Fears of a Wider Financial Mess
The New York Times: Banking
FEBRUARY 6, 2024
The recent troubles at New York Community Bancorp highlight risks that loom over lenders large and small.
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Generative A.I.’s Biggest Impact Will Be in Banking and Tech, Report Says
The New York Times: Banking
FEBRUARY 1, 2024
For some companies, the new technology is an opportunity to enhance productivity and profit. Will their workers benefit as well?
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China Cuts Interest Rates and Mortgage Down Payments
The New York Times: Banking
SEPTEMBER 23, 2024
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.
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New York Community Bank Reports $2.4 Billion More in Losses as C.E.O. Resigns
The New York Times: Banking
FEBRUARY 29, 2024
The lender said its earnings were far weaker than it had earlier stated, and it disclosed the discovery of “material weaknesses” in its internal controls.
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The Federal Reserve Must Be Independent. Here’s Why.
The New York Times: Banking
AUGUST 13, 2024
The pragmatic case for central bank independence.
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Interest Rates Fall, but Central Banks Are No Longer in Lock Step
The New York Times: Banking
SEPTEMBER 19, 2024
Officials in some countries started cutting rates last year, but others, including those in Europe and the United States, have taken a more cautious approach.
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