US Banks
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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…
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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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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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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…
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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…
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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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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…
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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…
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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…
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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…
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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…
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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…
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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.