Banking & Loans News

VIEWEDNOW PLAYINGGLOBAL

The ECB turns 25: Crises and challenges

On June 1st, the European Central Bank turns 25 years old. What began as the biggest monetary experiment in history, is now the world's second biggest reserve currency. But, it hasn't always been a smooth ride. And among the Euro-zone's ...

Bloomberg

VIEWEDNOW PLAYINGBREAKING

U.S Treasury to 'run out of funding' next month

Treasury Secretary Janet Yellen said her department estimates it will run out of funding by June 5 if lawmakers fail to raise or suspend the US debt ceiling.

Bloomberg

VIEWEDNOW PLAYINGBREAKINGGLOBAL

JPMorgan cuts 1,000 First Republic staffers

JPMorgan notified about 1,000 First Republic Bank employees that they aren't being given jobs even temporarily following its takeover of the failed lender.

Bloomberg

VIEWEDNOW PLAYING

Who will succeed James Gorman at JP Morgan?

James Gorman is stepping down as CEO of Morgan Stanley. Now Wall Street wants to know who will replace him? Gerard Cassidy of RBC Capital Markets shares his thoughts.

Bloomberg

VIEWEDNOW PLAYING

Egypt Central Bank pauses rate hikes

Egypt's central bank has left interest rates unchanged. The hold comes after a slight slowdown in inflation for April eased the urgency for the central bank of adding to the 900 basis points of increases it has delivered over the past ye...

Bloomberg

VIEWEDNOW PLAYING

Class action suit filed against Wells Fargo

Former San Francisco Mayor Willie Brown and civil rights attorney Ben Crump join forces in a class action lawsuit against Wells Fargo. They say the bank's home mortgage discriminated against Black people and other minority applicants.

Fox News

VIEWEDNOW PLAYING

Lawmakers plan to make ATM robberies a federal crime

Several lawmakers plan to reintroduce the Safe Access to Cash Act, making most ATM robberies a federal crime. The bill is being introduced by Rep. John Rose, R-Tennessee, and Rep. Glen Ivey, D-Maryland. The bill was first introduced in 2...

Newsy

VIEWEDNOW PLAYING

Cash squeeze hurts India's economic recovery

The cash crunch in India is pushing short-term borrowing costs above a key policy interest rate and is posing more risks to the economy. Menaka Doshi and Subhadip Sircar report on Bloomberg Television.

Bloomberg

VIEWEDNOW PLAYINGBREAKINGGLOBAL

US Senate grills SVB, Signature Bank bosses

The former leaders of Silicon Valley Bank and Signature Bank have faced tough questions in a hearing before the United States Senate Banking Committee. The executives were grilled over their roles in driving the banks to failure in March...

Al Jazeera

VIEWEDNOW PLAYING

Virgin Islands subpoenas Elon Musk in Epstein case

The government of the U.S. Virgin Islands is attempting to subpoena Elon Musk, seeking documents as part of the territory's lawsuit against JPMorgan Chase over sex trafficking acts committed by the bank's former client Jeffrey Epstein.

Newsy

VIEWEDNOW PLAYING

Bank of England hikes key interest rate

The Bank of England raised interest rates to 4.5% Thursday in a 7-2 vote while delivering the biggest upward revision to GDP in the history of the Monetary Policy Committee. Lizzy Burden reports on Bloomberg Television.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

UBS names new leadership team

UBS Group AG will replace its chief financial officer as part of a broader overhaul of its top management team.

Bloomberg

VIEWEDNOW PLAYING

Western Alliance denies sale report

Western Alliance Bancorp denied a report that it's exploring strategic options including a possible sale of all or part of its business.

Bloomberg

VIEWEDNOW PLAYINGBREAKINGGLOBAL

European Central Bank raises interest rates again

The European Central Bank has slowed the pace of its interest rate increases, stepping back like the US Federal Reserve from a string of jumbo hikes aimed at snuffing out inflation.

EuroNews

VIEWEDNOW PLAYING

Latin America's wealthy moving billions abroad

As inequality pushes politics further left in Latin America, the region's wealthy are sending the most money abroad in over a decade. But capital flight poses important challenges for Latin American economies.

Bloomberg

VIEWEDNOW PLAYING

Morgan Stanley to cut thousands of jobs

Morgan Stanley senior managers are discussing plans to eliminate about 3,000 jobs from the global workforce by the end of this quarter, according to people with knowledge of the matter. Sonali Basak reports on "Bloomberg The Open."

Bloomberg

VIEWEDNOW PLAYINGBREAKING

First Republic collapse sparks bank sell-off

The failed U,S bank First Republic is being acquired by its rival JPMorgan Chase, in a $10.6bn deal. Regulators had taken control of First Republic after a crash in its share price. It is the third US bank failure since March, and there ...

Al Jazeera

VIEWEDNOW PLAYINGBREAKING

Ailing First Republic Bank acquired by JP Morgan

JP Morgan Chase & Co. has won the bidding war for First Republic Bank, acquiring the ailing business after rescue efforts failed to undo the damage from wrong-way investments.

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Federal Reserve expected to hike rates yet again

The Fed is expected to raise rates again this week by 25 basis points. That would be the 10the straight increase since March of last year. Bloomberg's Mike McKee reports on what Wall Street is expecting.

Bloomberg

VIEWEDNOW PLAYING

What First Republic acquisition means for JPMorgan

Chris Marinac, director of research at Janney Montgomery Scott, examines JPMorgan Chase & Co.'s acquisition of First Republic Bank on "Bloomberg Surveillance."

Bloomberg

VIEWEDNOW PLAYING

JPMorgan to acquire First Republic Bank

First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase & Co. after rescue efforts failed to undo the damage from wrong-way investments. Bloomberg Intelligence's Herman Chan has the details on Bloomberg Te...

Bloomberg

VIEWEDNOW PLAYING

Apple's push into banking sector

Apple is the latest company to join the fight for bank depositors, offering a juicy 4.15% annual yield for your cash. Scarlet Fu explains the iPhone maker's strategy.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

Trudeau not concerned about U.S. banking crisis

Canadian Prime Minister Justin Trudeau says he's "not overly concerned" about the US banking turmoil impacting his country. He also expects inflation to fall in Canada. He speaks to Bloomberg's David Westin in New York.

Bloomberg

VIEWEDNOW PLAYING

First Republic Bank shares plunge to record low

First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders. Bloomberg's Sonali Basak reports.

Bloomberg

VIEWEDNOW PLAYING

Fed urges sweeping changes to U.S. banking rules

In the aftermath of the failure of Silicon Valley Bank, the Federal Reserve's bank-supervision chief is calling for a reevaluation of how the institution oversees US financial firms. Michael McKee reports on Bloomberg Television.

Bloomberg

VIEWEDNOW PLAYING

Bank of Japan appoints new governor

All eyes are on the Bank of Japan's new governor Kazuo Ueda as he chairs his first meeting. What does the central bank's new leadership mean for monetary policy and interest rates? Bloomberg's Paul Jackson explains.

Bloomberg

VIEWEDNOW PLAYINGBREAKING

Another U.S bank 'on the brink'

US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank a move that may curb the troubled firm's access to Federal Reserve lending facilities.

Bloomberg

VIEWEDNOW PLAYING

Citadel's Ken Griffin tops list of mega-rich in finance

Citadel Securities CEO Ken Griffin leads the new generation of mega-rich in finance who have achieved billionaire status in the last 10 years by blending finance with technology. Charlie Wells reports on Bloomberg Television.

Bloomberg

VIEWEDNOW PLAYINGGLOBAL

Who is Kazuo Ueda?

Who is Kazuo Ueda and what kind of monetary policy leader will he be as the first ever academic to head the central bank? Bloomberg's Kathleen Hays asked relatives, former colleagues and other central bankers.

Bloomberg

VIEWEDNOW PLAYING

First Republic Bank to layoff 25% of workforce

First Republic Bank, headquartered in San Francisco, announced plans to layoff up to 25% of its staff. The layoffs come after the bank also announced that its depositors pulled out nearly $100 billion in recent months, leading many to sp...

Fox News