Chinese banks are getting cold feet dealing with Russia
Russian President Vladimir Putin. Getty Images One key Chinese bank used by Russian importers for transactions has halted all transactions…
Russian banks made a record $36.8 billion in profit last year, and even the central bank is surprised by it
Russian President Vladimir Putin. Getty Images Russian banks made a record 3.3 trillion rubles, or $36.8 billion, in profits last…
UfM, Union of Arab Banks sign Memorandum of Understanding strengthening cooperation
NNA ndash; The Union for the Mediterranean and the Union of Arab Banks, a non- profit affiliated with the League…
2 Chinese banks ditched their Russian clients, report says, hinting at cracks in the Putin-Xi bromance
Vladimir Putin meets with Xi Jinping in Moscow in March 2023. MIKHAIL TERESHCHENKO/Getty Images Two state-owned Chinese banks are severing…
The Biden administration wants to save Americans $3.5 billion a year by making sure banks aren’t profiting too much off of overdraft fees
Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking, Housing, and Urban Affairs Committee…
US aims tougher sanctions at banks in latest bid to hurt Putin
NNA – The US announced new plans to target banks that facilitate payments for Russiarsquo;s military-industrial complex, the latest in…
Mortgage rates could fall below 5% next year, emboldening US consumers and allowing banks to ‘re-liquify,’ Fundstrat’s Tom Lee says
Mortgage rates could fall as low as 4.75% next year, according to Fundstrat's head of research Tom Lee. Brendan McDermid/Reuters…
Think your bank’s interest rates are bad? Just take a look at Japan
Customers at the Japanese banking corporation ATM machines of MUFG and Mizuho banks seen in Tokyo. Budrul Chukrut/SOPA Images/LightRocket/Getty Images…
US banks could get slammed with another $160 billion in losses as commercial real estate risks its biggest crash since 2008
Commercial real estate is under rising pressure from higher interest rates and falling property valuations. Kena Betancur/VIEWpress Commercial real estate…
Elon Musk privately told bankers they won’t lose money on the Twitter deal. But banks are already expected to lose at least $2 billion.
Elon Musk has called the strike action from Swedish workers "insane." Slaven Vlasic/Getty Images Seven banks loaned Elon Musk $13…