Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • Sunak plans corporate tax rise to bolster public finances
    • Scotland reaps dividend of Covid response that diverged from England’s
    • Why global Covid infections have plummeted
    • BoE governor warns EU over derivatives clearing power grab
    • Narendra Modi renames cricket stadium after himself
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • Sunak plans corporate tax rise to bolster public finances
    • Why global Covid infections have plummeted
    • GameStop shares extend surge in early trading
    • Joe Biden’s ‘snub’ signals a reset with Saudi Arabia
    • Joe Biden has a lesson in democracy for Angela Merkel
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • McKinsey’s Kevin Sneader voted out in leadership ballot after crises
    • Lucid takes on Tesla as electric vehicle competition hots up
    • J&J vaccine performs well against variants in boost for Covid battle
    • Estée Lauder agrees $1bn deal to buy owner of The Ordinary skincare
    • McKinsey partners sacrifice leader in ‘ritual cleansing’
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    Most Read
    • Australia sovereign wealth fund chief warns of stock market ‘clean-out’
    • NY attorney lasers Bitcoin’s key funding mechanism
    • Fed needs to ignore ‘taper tantrums’ and let longer rates rise
    • London should be centre of ‘Spac revolution’, says ex-LSE chief
    • Carbon bulls will not wait on the EU
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Joe Biden has a lesson in democracy for Angela Merkel
    • Joe Biden’s ‘snub’ signals a reset with Saudi Arabia
    • Why London should resist the Spac craze
    • The west is too obsessed with its colonial guilt
    • Budget 2021: the knowns and unknowns
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Forced mediocrity can boost your creativity
    • Leaders’ Lessons: what can we learn from those at the top?
    • Toxic offices don’t change when they go virtual
    • Delta’s Ed Bastian: building staff loyalty to survive a crisis
    • The boardroom’s futile pursuit of purpose
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • The fight to overcome vaccine hesitancy among African Americans
    • Budget 2021: the knowns and unknowns
    • UK ‘tax day’ will signal long-term government policy, experts say
    • How Belarus’s protesters staged a digital revolution
    • Stuffed squid with celery and orange — a Rowley Leigh recipe
  • How to Spend It
  • Sign In
  • Subscribe
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

$50 for your first 3 months Get the print edition and steer from crisis to recovery

Subscribe now

Laura Noonan

US Banking Editor
Email Laura Noonan @LauraNoonanFT (link opens in a new browser window)
Email Laura Noonan @LauraNoonanFT (link opens in a new browser window)

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Tuesday, 23 February, 2021
    Wells Fargo
    Wells Fargo agrees sale of asset management arm to private equity for $2.1bn

    GTCR and Reverence Capital to buy division with $603bn of client assets as consolidation sweeps across industry

  • Sunday, 21 February, 2021
    HSBC Holdings PLC
    HSBC intensifies pivot to Asia with job moves and US exit

    Three top executives expected to swap London for Hong Kong as bank jettisons American retail business

  • Saturday, 13 February, 2021
    McKinsey
    McKinsey research team allegedly took information from former employer

    Staff at investment banking unit CIB Insights are alleged to have circumvented security measures at Coalition

  • Friday, 12 February, 2021
    Credit Suisse Group AG
    Credit Suisse agrees $600m settlement in mortgage-backed securities case

    Deal resolves long-running MBIA lawsuit dating back to the financial crisis

  • Friday, 12 February, 2021
    Bank stress tests
    Fed to test banks’ ability to withstand 55% fall in equity prices

    Regulators lay out criteria for annual stress exercise with stocks at record highs

  • Thursday, 11 February, 2021
    US banks
    US banks push Fed for extension of Covid capital relief

    One-year easing of leverage ratio was introduced after ructions in Treasuries market

  • Wednesday, 10 February, 2021
    News in-depthUS financial regulation
    Wall Street wants Biden to crimp tech rivals

    Banks see a chance to direct tougher regulation against Facebook, Google and fintechs

  • Monday, 8 February, 2021
    UK financial regulation
    Banks set for clash with UK regulator over ringfencing rules

    Industry wants an easing of the post-crisis restrictions that keep retail and investment operations apart

  • Wednesday, 3 February, 2021
    McKinsey
    McKinsey fires investment bank researchers after policy breaches

    Exclusive: consultancy halts work at CIB Insights division pending review of ‘personnel matters’

  • Promoted Content
  • Wednesday, 3 February, 2021
    Deutsche Bank AG
    Trump’s private banker left Deutsche Bank over real estate deal

    Filing cites ‘undisclosed activities’ surrounding transaction that led to Rosemary Vrablic’s exit

  • Wednesday, 27 January, 2021
    Global Economy
    IMF warns on financial stability threat from vaccine shortages

    Lack of access to jabs in emerging markets could have global consequences, fund says

  • Wednesday, 20 January, 2021
    Morgan Stanley
    Morgan Stanley posts record profit as trading booms

    US investment bank caps buoyant earnings season across Wall Street

  • Tuesday, 19 January, 2021
    Special purpose acquisition companies
    Goldman chief executive says Spac boom is unsustainable

    David Solomon issues warning after financing tool is used to raise nearly $79bn from investors last year

  • Tuesday, 19 January, 2021
    Goldman Sachs Group
    Trading boom drives record revenues at Goldman Sachs

    US bank’s profits more than double in fourth quarter

  • Sunday, 17 January, 2021
    US banks
    US banks’ trading bonanza keeps Wall Street booming

    Market ‘nirvana’ raises hopes of strong earnings for Goldman Sachs and Morgan Stanley

  • Friday, 15 January, 2021
    US banks
    US banks release billions from reserves foreseeing lower Covid losses

    JPMorgan, Citi and Wells Fargo cite vaccine rollout and better economic outlook

  • Friday, 15 January, 2021
    Wells Fargo
    Wells Fargo pledges $8bn in cost cuts

    US bank is slashing branches, eliminating layers of management and reducing its real estate footprint

  • Friday, 15 January, 2021
    Citigroup Inc
    Citi releases $1.5bn in funds set aside to cover pandemic-era defaults

    Move demonstrates faith in the US economic recovery as vaccines and more stimulus are rolled out

  • Friday, 15 January, 2021
    FT News Briefing podcast10 min listen
    Biden’s $1.9tn plan, US bank earnings, replacing Merkel

    US president-elect Joe Biden will ask Congress to spend $1.9tn on an economic rescue plan

  • Tuesday, 12 January, 2021
    US Capitol attack
    Corporate America pulls political donations after Capitol assault

    Wall Street banks and Big Tech among those to halt or review funding for lawmakers

  • Monday, 11 January, 2021
    Special ReportCorporate Change and Technology
    Goldman Sachs eyes growth in cash management technology

    Finance chief Stephen Scherr says a tool the bank built to solve a problem of its own is now being marketed to third parties

  • Sunday, 10 January, 2021
    US & Canadian companies
    Top US banks set for $10bn round of buybacks

    Wall St expected to near limits on repurchases as loan losses recede and capital markets soar

  • Friday, 8 January, 2021
    Deutsche Bank AG
    Deutsche Bank pays nearly $125m to resolve US bribery and fraud claims

    German lender enters into agreements with prosecutors and securities regulator

  • Thursday, 7 January, 2021
    US politics & policy
    Trade group raises prospect of removing Trump

    Manufacturers lobby claims Trump ‘incited’ rioters as business groups call for end to ‘chaos’

  • Monday, 4 January, 2021
    Health Care
    Amazon, JPMorgan and Berkshire end healthcare venture

    Three companies pull plug on joint effort unveiled less than 3 years ago to tackle medical costs

Previous You are on page 1 Next

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

FT LiveShare News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingContracts & Tenders
Executive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School Rankings
Enterprise ToolsNews feedNewslettersCurrency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2021. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Graphics
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In