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US bank’s record first-quarter earnings dented by collapse of Bill Hwang’s family office
Jane Fraser moves to cut costs in retail network soon after taking over as chief executive
Jane Fraser announces US lender to shutter its consumer operation in thirteen markets
By comparison, this week’s crypto-mania is almost a side show
Lender announces $25bn share buyback programme after ‘exceptional’ first three months
JPMorgan, Goldman and Wells Fargo report strong quarters despite lacklustre loan demand
US bank enjoys return to form even if it may be fleeting
US bank posts net earnings of $6.84bn in first quarter but remains ‘vigilant to risks across markets’
Largest US bank by assets releases $5.2bn in loan loss reserves but cautions boost may not last
Outlook for the sector is increasingly bullish as economic recovery takes hold
Regulation of swaps used by Bill Hwang was pushed back once again by Covid
Former British PM David Cameron has admitted he made mistakes lobbying for Greensill Capital
After JPMorgan lost $6.2bn on credit derivatives, it recognised the necessity of a thorough public examination
State’s legislature debates plan to impose extra costs on renewables plants
The centrality of large, regulated lenders endures despite competitive pressure from shadow banks and fintechs
Derivatives that blew up Hwang family office were growing source of revenue for Wall Street
Prime brokers quizzed by risk managers over how Hwang family office was offered so much leverage
Pressure to maximise profits leaves little appetite to think about talent and reputation
Counterparties met last week to consider orderly unwinding of Bill Hwang’s leveraged equity bets
Prime brokers shook off concerns about Archegos as they eyed lucrative lending
Central bank expresses confidence financial sector has weathered pandemic shock
Memo says blurring of work and home unsustainable after Goldman complaints go public
Analysts say Fed’s determination to keep rates low puts pressure on profitability
Central bank announces that capital relief introduced at start of pandemic will expire at end of March
Central banks’ reactions in the US and elsewhere are becoming harder for investors to read.
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