Higher interest rates helped JPMorgan Chase report first quarter revenues which beat analysts’ expectations, as net interest income was propelled almost 50% higher. First quarter profit came in at $12.6…

As banking customers have continued to move their assets around in search of higher returns, three of the biggest US financial groups, Charles Schwab, State Street, and M&T were forced…

In Singapore, as rich Chinese nationals have sought to park money in the nation’s financial system discreetly, regulators have asked banks not to discuss the origins of large quantities of…

On Wednesday, Bloomberg reported that following the banking crisis involving several regional lenders in the US, customers rushed to withdraw their savings at US banks. As they did, the largest…

On Friday, the Financial Times reported that JP Morgan and Chase is undergoing reviews by US regulators over the due diligence the bank performed on a number of past acquisitions.…

JPMorgan Chase CEO Jamie Dimon said the turmoil arising from the collapse of Silicon Valley Bank will be felt in the financial industry for years, and contrary to perceptions, the…

On Wednesday, the Swiss Financial Market Supervisory Authority said that Switzerland’s economy had narrowly avoided major economic problems through the takeover of troubled lender Credit Suisse by its larger rival…

On Wednesday, UBS will hold its first shareholder meeting following its forced merger with smaller rival Credit Suisse, amid the smaller lender’s near-collapse. Last month, in a shotgun merger, Swiss…

Following its takeover of smaller rival Credit Suisse, UBS has announced it will be cutting its workforce by between 20% and 30%, releasing as many as 36,000 employees across the…

Image of Nouriel Roubini courtesy of the World Economic Forum.   Nouriel Roubini, the renowned economist who predicted the 2008 financial crisis, has issued a grim assessment of the state…