Banking & Loans News - LeadStory

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Global cyber outage grounds flights, hits banks, telecoms, media

Global cyber outage grounds flights, hits banks, telecoms, media

A software update wreaked havoc on computer systems globally, grounding flights, forcing some broadcasters off air and hitting services from banking to healthcare. An update to a product offered by global cyberscurity firm CrowdStrike ap...

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E.U. eyes frozen Russian assets to fund Ukraine war

E.U. eyes frozen Russian assets to fund Ukraine war

European Union leaders arrived at a summit to discuss whether to use billions of euros in profits from frozen Russian financial assets to buy arms for Ukraine as they try to bolster Kyiv in its fight against Moscow's invasion.

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AI in financial planning and management

AI in financial planning and management

Artificial Intelligence (AI) is increasingly being used for various purposes, including financial planning and management. Banks are using AI to help detect fraud, manage accounts, and improve financial services.

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JPMorgan settles lawsuit over Jeffrey Epstein ties

JPMorgan settles lawsuit over Jeffrey Epstein ties

JPMorgan Chase & Co. reached settlements with former executive Jes Staley and the US Virgin Islands over ties to Jeffrey Epstein, as it seeks to end its legal woes over its banking relationship to the deceased pedophile.

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Russia raises rates to halt the crash of the Ruble

Russia raises rates to halt the crash of the Ruble

Russia's central bank announced an emergency rate hike to try and stop the ruble from crashing. Tim Ash of RBC Blue Bay Asset Management wasn't surprised and says rate hikes won't solve Russia's economic problems.

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U.S. sanctions Hungarian bank with Russian ties

U.S. sanctions Hungarian bank with Russian ties

The U.S. has sanctioned Hungary-based bank with Russian ties saying it serves as a front for Russian intelligence services.

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Swiss Lower House rejects UBS-CS merger

Swiss Lower House rejects UBS-CS merger

Swiss parliament's lower house on Tuesday voted against approving $120 billion in government guarantees for UBS Group AG's takeover of Credit Suisse Group AG, in a symbolic show of popular and political discontent with the deal.

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Bitcoin rally tops 80% growth in four months

Bitcoin rally tops 80% growth in four months

Bitcoin returned to $30,000 for the first time since June 2022, gaining 82% since Dec. 31, as cryptocurrencies keep outpacing other major asset classes. Annabelle Droulers reports on Bloomberg Television.

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Blackstone secures $30 billion for real estate buys

Blackstone secures $30 billion for real estate buys

Blackstone secured $30.4 billion of total capital commitments for its largest global property drawdown fund, called Blackstone Real Estate Partners X, according to a statement. Sonali Basak has more on "Bloomberg Markets."

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Deposits at all U.S. banks steady: Fed

Deposits at all U.S. banks steady: Fed

CNBC's Steve Liesman reports on moves in U.S. bank deposits as of the week ending March 15th.

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'Serious soul searching' in banking: Summers

'Serious soul searching' in banking: Summers

Former US Treasury Secretary Lawrence Summers on the March jobs report, what the Fed should do in the long run, his thoughts on the IRS digitalization push, and why he thinks ChatGPT may be pushing the cognitive class out.

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Life after death for Swiss banking?

Life after death for Swiss banking?

Swiss banking was once shorthand for stability, discretion and wealth in the world of global finance. That's now being put to the test.

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Banking crisis hits San Francisco startup scene

Banking crisis hits San Francisco startup scene

First it was the tech downturn, now the bank failures are hitting San Francisco's economy hard. Bloomberg's Karen Breslau helped write "The Big Take."

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Breaking down the banking crisis

Breaking down the banking crisis

Lori Calvasina, RBC Capital Markets Head of US Equity Strategy & Julian Salisbury, Goldman Sachs Asset & Wealth Management CIO discuss the banking crisis and shoring up confidence in the financial system. They also breakdown why the mark...

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The effects of SVB collapse with Cramer

The effects of SVB collapse with Cramer

Bank Bear, Tech Bull? CNBC's Jim Cramer breaks down how the banking sector sunk and the tech sector rallied since the collapse of Silicon Valley Bank.

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FDIC to seek $23Bn from big banks?

FDIC to seek $23Bn from big banks?

The Federal Deposit Insurance Corp., facing almost $23 billion in costs from recent bank failures, may ask big banks to pitch in and shore up a special insurance fund.

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French authorities raid banks in massive tax fraud case

French authorities raid banks in massive tax fraud case

French authorities raided five banks on Tuesday as part of an investigation into suspected cases of massive tax fraud and money laundering, prosecutors said. Some 150 investigators conducted searches in Paris and the financial district L...

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SVB collapse threatens venture capital industry

SVB collapse threatens venture capital industry

The $2 trillion venture capital industry could see portfolio markdowns of 25% to 30% a "haircut" of possibly $500 billion following the Silicon Valley Bank debacle, according to Bloomberg Intelligence. Full In Partners Managing Partner E...

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Cramer on First Citizens buying SVB

Cramer on First Citizens buying SVB

CNBC's Jim Cramer discusses the fallout from the Silicon Valley Bank implosion and how to trade shares of First Citizens after it stepped forward to buy the collapsed bank.

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First Citizens deal sparks bank rally

First Citizens deal sparks bank rally

First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade. Shares of regional banks rallied on the news.

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First Citizens Bank acquires billions in SVB loans

First Citizens Bank acquires billions in SVB loans

First Citizens Bank is taking over the remnants of Silicon Valley Bank, which collapsed weeks ago when depositors withdrew too much money, causing the bank to become insolvent.

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Polish Finance Minister says nation's banks are safe

Polish Finance Minister says nation's banks are safe

Polish Finance Minister Magdalena Rzeczkowska says she has no concerns about the Polish banking system. She also talks about the burden of Swiss-franc loans on the country's banks. She speaks with Guy Johnson and Alix steel on "Bloomberg...

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First Citizens nears SVB acquisition?

First Citizens nears SVB acquisition?

First Citizens BancShares Inc. is said to be in advanced talks to acquire Silicon Valley Bank after its collapse earlier this month, according to people familiar with the matter.

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Credit Suisse faces possible probe

Credit Suisse faces possible probe

Credit Suisse is facing the threat of a possible investigation and disciplinary action over how top managers ran the bank in lead up to its collapse.

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US banks in pretty good shape: Biden

US banks in pretty good shape: Biden

"I don't see anything that's on the horizon that's about to explode," President Joe Biden says during a joint news conference with Canadian Prime Minister Justin Trudeau.

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Deutsche Bank & Credit Suisse: The difference

Deutsche Bank & Credit Suisse: The difference

Deutsche Bank AG became the latest focus of the banking turmoil in Europe as ongoing concern about the industry amid a slowing economy sent its shares plunging. Bloomberg's Steven Arons explains the differences between Deutsche Bank and ...

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Fears Deutsche Bank is the next to fall

Fears Deutsche Bank is the next to fall

Silicon Valley Bank, Credit Suisse, First Republic. After weeks of turmoil, the biggest enemy facing banks right now could be fear itself. On Friday, shares of Germany's biggest bank started falling in a way most analysts said was irrati...

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Weekend Long Watch: Inside the collapse of Credit Suisse

Weekend Long Watch: Inside the collapse of Credit Suisse

Credit Suisse Group AG spent years stumbling between scandals and crises. In the end, a fateful comment from the bank's biggest investor set off a panic that risked spiraling out of control. Bloomberg's Alex Webb explores the last days o...

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Palmisano: Investors more cautious after SVB

Palmisano: Investors more cautious after SVB

Sam Palmisano, Former IBM CEO & Chairman of the Center for Global Enterprise, talks about the state of venture capital investing after the collapse of several American banks. He's on "Wall Street Week Daily."

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Banks probed over Russia sanctions

Banks probed over Russia sanctions

The US Justice Department is investigating banks including Credit Suisse Group AG and UBS Group AG over whether they helped Russian oligarchs dodge sanctions, according to people familiar with the matter.