by Ken Chase | Oct 14, 2022 | Banks, Market
By: Ken Chase. For Credit Suisse, this week continued to bring bad news, as the firm’s shares dropped once again after U.S. authorities announced an investigation into whether the Swiss bank had helped its U.S. clients to hide their assets from tax officials. The U.S....
by Ken Chase | Oct 12, 2022 | Banks, Market
By: Ken Chase. Swiss financial giant Credit Suisse has been in the media and financial market spotlight in recent weeks, and for good reason. The troubled bank’s stability has been a near constant source of scrutiny from investors and market watchers alike, thanks to...
by Ken Chase | Oct 11, 2022 | Banks, Market
By: Ken Chase. Bank of America has confirmed that it plans to add an additional $100 million in deposits to banks serving minority communities, as part of its broader effort to support racial equality initiatives. The bank had previously committed to investing $100...
by visbanking | Oct 5, 2022 | Banks, Market
OCC Ends 2020 Capital One Consent Order By: Ken Chase. The U.S. Office of the Comptroller of the Currency (OCC) announced this week that it has terminated a 2020 consent order related to a 2019 Capital One data breach. In its announcement, the OCC confirmed that it...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. The Federal Reserve confirmed Thursday that it has recruited six of the largest U.S. banks as participants in its planned climate scenario analysis exercise. In a press release announcing the exercise, the Fed said that the pilot exercise will be...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. When U.S. officials confirmed that the economy had contracted in the second quarter of 2022—the second consecutive quarter of negative growth—the average American could be excused for assuming that the announcement meant that the U.S. was officially in...
