US banks

Capital One to buy Discover Financial in US$35 bil stock deal - THE EDGE SINGAPORE

Banking & finance

Capital One to buy Discover Financial in US$35 bil stock deal

The transaction is expected to close in late 2024 or early 2025.

Banking & finance

Wall Street's ambitions in China run into a rising firewall

The impact of China’s slowing growth and US bankers’ concerns are increasingly visible in banks’ quarterly reports.

Banking & finance

US's FDIC says banks with weaknesses increased in the first quarter

The FDIC said that the number of lenders on its confidential “Problem Bank List” increased by four to 43 between January and March
JPMorgan ends First Republic's turmoil after FDIC seizure - THE EDGE SINGAPORE

Banking & finance

JPMorgan ends First Republic's turmoil after FDIC seizure

“This is getting near the end of it, and hopefully this helps stabilise everything,” says JPMorgan CEO Jamie Dimon.

Global Markets

IMF warns it's too soon to sound all-clear on financial turmoil

IMF says that the banking sector is not clear from the turmoil and may drag global economic growth

Banking & finance

Jamie Dimon says banking crisis is near to getting resolved

JPMorgan Chase & Co.'s CEO also said it’s OK for a bank to fail if contagion to other lenders can be prevented.

Silicon Valley Bank fallout

Blackstone's Schwarzman says US banking crisis is 'solvable'

"The banking system is not in any type of conventional crisis"

Silicon Valley Bank fallout

Who is to blame for the new banking crisis?

There is plenty of blame to go around.

Banking & finance

Warren Buffett in contact with Biden team on banking crisis

There have been multiple conversations between Biden’s team and Buffett in the past week, according to Bloomberg's sources.

Silicon Valley Bank fallout

US seeks to stymie bank-run risk as Yellen pledges protections

Authorities’ efforts are aimed at protecting depositors, rather than bailing out investors, Yellen said on CBS’s “Face the Nation”
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