New rule requires U.S. banks to allow consumer class actions

EghtesadOnline: U.S. banks and credit card companies could be prevented from blocking customers from banding together to sue them under a rule released by the country's consumer finance agency on Monday.

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Publish Date:11/July/2017 | 05:25

U.S. bankers tell Europeans to think positively on Trump

EghtesadOnline: U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump.

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Publish Date:20/January/2017 | 15:20

U.S. banks to stay in fashion as earnings kick off

EghtesadOnline: U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises.

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Publish Date:14/January/2017 | 05:39

Fed approves rule requiring banks to publicly disclose liquid assets

EghtesadOnline: The Federal Reserve on Monday finalized a rule requiring big banks to disclose certain liquidity measures for the first time, as part of an effort to make sure they can cover large or rapid withdrawals.

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Publish Date:19/December/2016 | 21:54

U.S. needs higher rates; banks need more capital: FDIC's Hoenig

EghtesadOnline: The Federal Reserve should demand more capital from Wall Street while the central bank slowly increases interest rates, a leading U.S. regulator said on Thursday as he outlined a formula for future economic growth.

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Publish Date:17/November/2016 | 16:19

U.S. banks' post-election rally may be just an appetizer

EghtesadOnline: The U.S. banking sector's dramatic rally post Election Day is likely just a taste of bigger gains to come, as investors expect banks to reap huge benefits from rising interest rates and lighter regulation under a Donald Trump presidency.

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Publish Date:12/November/2016 | 05:53

US Banks Gobble Mortgage Business

EghtesadOnline: Just as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again, Reuters reported.

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Publish Date:19/July/2016 | 15:32

Top US Banks Against Iran SWIFT Embargo

EghtesadOnline: T wo top American financial institutions would not commit to cutting Iranian access to international financial markets, a cornerstone of the new anti-Iran sanctions of US President Donald Trump's administration.

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Publish Date:26/August/2018 | 05:15

Bitcoin Ban Expands Across Credit Cards as Big U.S. Banks Recoil

EghtesadOnline: A growing number of big U.S. credit-card issuers are deciding they don’t want to finance a falling knife.

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Publish Date:04/February/2018 | 10:16

Wall Street Banks Warn Winter Is Coming as Business Cycle Peaks

EghtesadOnline: HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.

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Publish Date:23/August/2017 | 04:54

Yellen says Fed to give banks more details on stress tests

EghtesadOnline: The Federal Reserve will give banks more details on how it conducts annual stress tests, including the qualitative part of the tests, when it publishes the results later this month, Chair Janet Yellen said Friday in a letter to Congress.

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Publish Date:18/June/2017 | 06:29

Nasdaq hits record; bank earnings validate Wall St. rally

EghtesadOnline: An increase in Facebook pushed the Nasdaq to a record high on Friday and the S&P 500 also rose after major U.S. banks kicked off the fourth-quarter earnings season with strong results.

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Publish Date:14/January/2017 | 05:37

Big US Banks Unable to Erase Stubborn Costs

EghtesadOnline: Even after years of lean times, big US banks are coming under new pressure to cut costs. But management teams are finding some expenses simply won't budge—like the $1 billion a year it costs Bank of America to shuffle papers around and transport money in armored trucks.

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Publish Date:24/July/2016 | 24:23