Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly.
News comes less than a week after it emerged DWS’s head of equity trading will leave
Comings and goings in the City and beyond in the week of May 28
The country’s political polarisation and paralysis could reverberate across the eurozone
County Bancorp in Manitowoc, Wis., posted record profits in the first quarter after completing an acquisition last year.
The Pennsylvania lenders disclosed that they have a total of $61 million in exposure to the commercial borrower.
The $142-billion asset bank is attempting to reduce technology investment costs.
Amid their recent policy victories and record earnings, big banks have also been forced to grapple with the possibility that commercial lending — the lifeblood for large regionals — may never fully come back.
The plan, which the Federal Reserve Board approved Wednesday, would tailor compliance programs for banks based on their trading volume and revise definitions to help banks determine which trades are banned.