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6 mins read

Jamie Dimon, CEO of JPMorgan Chase, just hinted at retirement. Here's how he became an iconic billionaire banker.

Jamie Dimon, the CEO of JPMorgan Chase, began his career in banking at American Express.

Katherine Tangalakis-Lippert   


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3 mins read

Bandhan Bank’s profits fall by 29% even though asset quality shows improvement

Bandhan Bank’s profits fell by over 29% in the fourth quarter even as its asset quality improved. W…

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2 mins read

Student-loan holders will soon have $300 less to spend each month. That could be bad news for Target and Dick's.

Most retailers will see softer sales after loan payments resume, analysts say. Walmart, dollar stor…

Dominick Reuter   


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1 min read

RBL Bank Q3 profit rises 11% to Rs 233 crore

Private sector RBL Bank on Friday reported an 11% increase in its profit to Rs 233 crore in the thi…

PTI   


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The vicious circle behind bad loans. Should banks be revealing the names of the big loan defaulters?

Here is what proxy advisory firm founders- Amit Tandon, Founder & MD, IIAS and Shriram Subramanian,…

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1 min read

Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023

JPMorgan, Citigroup, Wells Fargo and Bank of America wrote off $3.4 billion in bad loans from borro…

Zinya Salfiti   


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2 mins read

More pension for bank employees to overseas listing roadmap — these are the highlights from Finance Minister Nirmala Sitharaman's EASE 4.0 address

EASE 4.0 is the fourth edition of the Indian government’s Enhanced Access and Service Excellence…

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3 mins read

Indian Overseas Bank lost six years and half its business to clean up its bad loans but the market is cheering

Shares of Indian Overseas Bank scaled new heights, as the Reserve Bank of India (RBI) lifted the ba…

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2 mins read

Lots of American millennials still depend on the bank of mom and dad but they also say their parents are bad financial role models

Millennials and Gen Z are caught in a quagmire. Many of them depend on their parents for money &mda…

Huileng Tan   


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1 min read

A real estate CEO predicts hundreds of banks will fail or be taken over by 2026

Scott Rechler, CEO of RXR, said the maturing of commercial real estate loans would result in a "slo…

Theron Mohamed   


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1 min read

China's property crisis is bleeding into its banking sector, which is being asked to prop up developers

China's property crisis has hit the books of its four biggest lenders, which have seen a notable ri…

Huileng Tan   


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1 min read

China is merging hundreds of small banks to fend off financial stress

2,100 banks could be affected as China looks to curb the bad loan environment of its rural communit…

Filip De Mott   


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1 min read

SBI reports strong net profit as bad loan eases down

The total income of the SBI group rose to Rs 1,01,143.26 crore in the quarter under review, co…

PTI   


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5 mins read

One in every five rupees lent by SBI to individuals, goes to government employees

That is one in every five rupees lent to individual borrowers goes to people working in the gove…

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2 mins read

Don’t need to raise more capital immediately, says Axis Bank’s CEO Amitabh Chaudhry

Axis Bank will not need to raise more capital after the Reserve Bank of India mandated banks to inc…

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3 mins read

Why the struggles of mid-sized US banks could be bad news for the Main Street economy

"The uncertainty generated by deposit movements could cause banks to become more cautious on lendin…

Carla Mozée   


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1 min read

A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world's second-largest economy

This is just days after Country Garden, China's biggest private-sector developer by sales, missed i…

Huileng Tan   


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3 mins read

NYCB's slide sparks fears of more banking and commercial real estate turmoil

NYCB stock plunged 60% in five days after disappointing earnings and a Moody's downgrade triggered …

Theron Mohamed   


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1 min read

Stock market today: NYCB plunges 25% as fresh banking fears temper inflation relief

New York Community Bancorp plunged 25% premarket after disclosing "material weaknesses" in its loan…

Theron Mohamed   


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1 min read

PNB clocks 3-fold jump in net profit at ₹2,223 crore for Q3

Punjab National Bank (PNB) on Thursday announced an over three-fold jump in its profit to Rs 2,223 …