J.P. Morgan Launches New Fund Banking Group
NEW YORK — J.P. Morgan Private Bank has launched the Fund Banking Group, a division of the U.S. Private Bank’s business focused on the banking, […]
Banks
NYC Banking Commission Limits New Deposits at Capital One, Key Bank
NEW YORK – Following the first-ever public hearing held by the New York City Banking Commission this week, all three members voted to limit deposits […]
FDIC Wants to Levy Fees on Larger Banks to Pay for Seizures
The Federal Deposit Insurance Corporation (FDIC) Board of Directors wants to implement a special assessment on the nation’s largest banks to recover the cost associated […]
JPMorgan Chase to Buy Closed First Republic Bank
First Republic Bank of San Francisco was closed by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) […]
Flagstar Bank Buys Signature Bank Assets
The Federal Deposit Insurance Corporation (FDIC) has entered into a purchase and assumption agreement for substantially all deposits and certain loan portfolios of Signature Bridge […]
Signature Bank Taken Over by Government
On Sunday, March 12, 2023, the New York State Department of Financial Services (DFS) took possession of NY-based Signature Bank in order to protect depositors. All […]
Barclays Appoints 85 New Managing Directors
NEW YORK — British bank Barclays has announced the appointment of 85 new Managing Directors within the Corporate and Investment Bank, effective 1 January 2023. […]
American Express Offers Checking Accounts to Card Holders
NEW YORK — American Express has launched American Express Rewards Checking, the company’s first all-digital consumer checking account, currently available for eligible U.S. Consumer Card […]
Goldman Sachs Names 643 New Managing Directors
NEW YORK — Money, Power, Prestige! Goldman Sachs, one of the top banking firms in the world, has announced its largest class of managing directors. […]
Citi Opens Flagship Branch at NYC Headquarters
NEW YORK — Citi has opened a new flagship branch featuring a state-of-the-art Client Center in New York City’s Tribeca neighborhood at the company’s heaquarters […]