Friday Headlines: Fed mulls curbs on bank dividends and buybacks
Financial Times: Federal Reserve mulls extension of bank dividend and buyback curbs Wall Street Journal: Fed Details New Round of Big-Bank Stress Tests New York Post:…
New Report: Key Trends in Retail Banking
Cornerstone Advisors research director Ron Shevlin just published a very worthwhile report on some important trends in retail banking. The biggest takeaways for me: Digital banks…
Thursday Headlines: Deutsche Bank says staff can work from home until mid-2021
CNBC.com: Fed holds rates steady near zero and indicates it will stay there for years Wall Street Journal: Deutsche Bank Tells U.S. Staff They Can Wait…
Wednesday Headlines: Snowflake goes public in biggest-ever software IPO
CNBC.com: Market value of big fintech companies rises to $1 trillion, more than the largest banks Financial Times: Snowflake completes largest-ever software IPO Financial Times: Trump’s…
The Feds Should Ease Up on Wells Fargo
Banking regulators’ treatment of Wells Fargo over its fake-account scandal is getting ridiculous. Bloomberg reported last month that the asset cap that the Fed imposed on Wells Fargo…
Tuesday Headlines: Citigroup to resume job cuts
Bloomberg: Citigroup to Resume Job Cuts After Pausing for Pandemic Financial Times: Economists warn of US ‘wasteland’ without stimulus deal Bloomberg: Banks Balk at Fed’s $600…
Monday Headlines: UBS and Credit Suisse said to be in merger talks
Bloomberg: UBS Chairman Explores Merger With Credit Suisse, Report Says CNBC.com: JPMorgan creates new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb…
Thursday Headlines: Citi’s Corbat set to retire
CNBC.com: Citi CEO Corbat to retire in February, Jane Fraser to become first woman CEO of a megabank Wall Street Journal: Fed Debates How to Implement…
Wednesday Headlines: Berkshire to invest $570 million in Snowflake
Wall Street Journal: JPMorgan Investigating Employees and Clients Over Coronavirus Stimulus Programs Financial Times: Berkshire Hathaway to invest $570m in Snowflake MarketWatch: Byron Wien says the…
Tuesday Headlines: Concern grows over banks’ real estate loans
Financial Times: US banks signal mounting concern over real estate lending Wall Street Journal: Mortgage Refinancings Boom, Even as Coronavirus Hits Economy New York Times: Looking…