U S Banking Sector

New research suggests that generative AI will have its biggest impact on white-collar workers with high-paying jobs in industries like banking and tech.

Shares in the bank climbed 3% in premarket trading on Friday after CEO Jane Fraser described 2024 as a "turning point year" for the lender

The proposals would require the industry to meet some costs associated with the bank failures rather than the taxpayer, Britain's Treasury said

The euro fell sharply against a strengthening dollar on Friday amid nervousness over banks, with better-than expected economic data failing to lift sentiment

The MSCI World share index traded 0.4% lower, while still heading for a 1.5% weekly gain. Europe's STOXX 600 index was down 1 per cent

The second-largest U.S. bank by assets unlocked $2.7 billion from its reserves

(Reuters) - Wells Fargo & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans.

The implosion of Archegos Capital and the resulting losses for global banks is likely to intensify regulatory efforts to curtail the ballooning shadow banking sector and shed light on its risks

Former MetLife CEO Steven Kandarian will become non-executive chair of Jackson from Feb 1, Prudential said

Europe's top court said the bank was liable for the actions of its former unit Prysmian

Goldman Sachs profit more than doubles on underwriting, trading boost

The second-largest U.S. bank by assets also reported a 13% fall in consumer banking revenue

Wells has operated under a dark cloud since 2016, when details emerged about millions of phony accounts employees had created in customers' names

Citigroup Inc reported a 7% decline in fourth-quarter profit on Friday but easily beat Wall Street expectations

PNC Financial Services Group said it would buy the US business of Spanish lender BBVA for $11.6 billion in cash, further consolidating the US banking sector

Shares of the company were up nearly 2%, as it kept a tight lid on costs to weather the impact of the pandemic on its business

Trump has sided with leading conservatives in calling for the repeal of the 2010 Dodd-Frank Financial Reform Act largely opposed by banks