Banking

Fund managers surveyed by Bank of America are increasingly pessimistic about the U.S. economy following the collapse of Silicon Valley Bank in early March.

As banks collapse, the U.S. dollar is weakened by inflation and the Federal Reserve maintains its aggressive interest rate hike strategy, small and mid-sized companies are at risk.

The banking industry in the U.S. was thrown into turmoil last month as bank failures dented investor confidence, pressuring both stock and bond markets.

Apple and Goldman Sachs collaborate on new savings account with 4.15% annual percentage yield

Bank of America's net interest income, which reflects how much money the bank makes from charging interest to customers, rose 25% to $14.4 billion in the quarter.

Charles Schwab gave its spring business update on Monday, showcasing financial strategies used to beat Wall Street’s predictions for first quarter earnings.

Larry Fink, the CEO of BlackRock, predicted how many more times the Federal Reserve will raise interest rates while speaking to "The Claman Countdown."

During JPMorgan Chase's first quarter earnings call Friday, JPMorgan Chase CEO Jamie Dimon said he would not refer to potential of banks stopping lending as a credit crunch.

The Vanguard Group pulled in a net $25.7 billion into its exchange-traded (ETF) fund over the first quarter, fed by $19.1 billion of flows into its equity products.

Shares for JPMorgan Chase are higher on Friday after the multinational financial services company reported quarterly earnings that beat Wall Street predictions.

Some financial analyst worry that the commercial real estate industry is in danger due to the increase of vacant office space with the rise of remote work.

A top FDIC official said the agency could have moved more quickly to find a buyer for Silicon Valley Bank after it failed last month, suggesting a lack of urgency worsened the crisis.

Federal Reserve meeting minutes released Wednesday show that central bank staff expect financial sector upheaval to trigger a recession sometime this year.

Berkshire Hathaway CEO Warren Buffett says there is no need for Americans to worry about the recent banking turmoil in the U.S., saying deposits are protected.

Treasury Secretary Janet Yellen said the U.S. economy is performing "exceptionally well," and she is "not anticipating a downturn" despite the recent banking crisis and inflation.

A note from bank strategist Jill Carey Hall says Bank of America clients sold roughly $2.3 billion in U.S. equities last week.

An NFIB survey of small businesses found that more owners are having difficulty getting a loan after the collapse of Silicon Valley Bank in early March.

Mark Shafir, who most recently served as co-head of Global M&A at Citi, announced his retirement on Tuesday morning, according to a memo, which was distributed internally.

Ahead of BlackRock, Citigroup, JPMorgan Chase, PNC Financial and Wells Fargo reporting earnings on Friday, finance pros have concerns up and down the balance sheet.

The IMF released its updated World Economic Outlook on Tuesday, providing a gloomy forecast of the global economy amid inflation and rising interest rates.