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Month: July 2017
New Treasury chair presses PRA for banks’ Brexit plans
Nicky Morgan has written to the head of the PRA to find out what finance firms will do if the UK fails to reach a deal with the EU
Why Sir Ronald Cohen deserves the Nobel Peace Prize
Social impact investing is showing signs of achieving financial success while also addressing social conditions
Five fun things to do if you are sent to Frankfurt
Brexit could cost banks $50bn, says Oliver Wyman
One year on from its landmark report into the impact of Brexit, consultancy says banks’ announcements to date have borne out its estimate of 35,000 job losses for the City
Bank of England staff begin three-day strike action
The first strike at the Old Lady of Threadneedle Street in more than 50 years begins today
FB Financial completes merger with Clayton Bank
FirstBank’s subsidiary FB Financial has completed its merger with Knoxville, Tennessee-based Clayton Bank and Trust, and Tullahoma-headquartered American City Bank.
Bank in limbo: American Samoa’s bold attempt to save its economy
The South Pacific island’s leaders have a creative solution to fix their cash-based economy that hasn’t been done in the U.S. in nearly a century. But will regulators approve?
Unwinding of Fed’s balance sheet threatens bank deposit gains
As much as $2.5 trillion, or nearly half of bank deposit growth since the crisis, may be attributable to the central bank’s quantitative easing. If investors start drawing down on their accounts to buy back assets from the Fed, the trend could dampen liquidity at certain banks, add upward pressure on deposit prices and reshape M&A.
Banks ease standards for C&I loans, raise the bar on CRE loans: Fed
The Fed’s quarterly Senior Loan Officer Opinion Survey found that demand decreased for both commercial and industrial and commercial real estate loans.