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US banks Q4 earnings: US bank profits fall in choppy fourth quarter marked by special charges, falling lending margins

JPMorgan gained 0.9% and Citi fell 1.2%, while Bank of America fell 2.4% and Wells Fargo was down 2.3%. The banks combined set aside more than $8 billion to refill the Federal Deposit Insurance Corporation s deposit insurance fund (DIF), which took a $16 billion hit after Silicon Valley Bank and two other lenders failed last year.

United statesJamie dimonMark masonDavid wagnerChristopher wolfeJeremy barnumMike santomassimoDeposit insurance corporationSilicon valley bankWells fargoMiddle eastFargo chief financial officer mike santomassimoFederal deposit insurance corporationChief financial officer mark masonWall streetPortfolio manager

Wells Fargo is still early in the cycle as soured office loans rise

Wells Fargo is still early in the cycle as soured office loans rise
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United statesSan franciscoDavid wagnerMike santomassimoSean banerjeeWells fargoFrancisco based wellsChief financial officer mike santomassimoAptus capital

U S bank giants rake in $250 billion interest haul

U S bank giants rake in $250 billion interest haul
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United statesNew yorkJeremy barnumJamie dimonMike santomassimoHannah levittKatherine dohertyJane fraserCharlie scharfAlastair borthwickTeajai travisDave mckayAmerica corpWells fargoEven jpmorgan chase coFederal reserve

Big Banks LAYING OFF tens of thousands of workers, including over 20,000 employees in the U S alone – NaturalNews com

Big Banks LAYING OFF tens of thousands of workers, including over 20,000 employees in the U S alone – NaturalNews com
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United statesMike santomassimoDarko mihelicCharlie scharfJanney montgomery scottChris marinacWells fargoGoldman sachsRoyal bankFederal reserveXian coBig banksBig fiveWall streetJanney montgomery

Big American banks quietly laying off workers all year

THE largest American banks have been quietly laying off workers all year and some of the deepest cuts are yet to come. According to a CNBC Africa

United statesJamie dimonCharlie scharfJane fraserJanney montgomery scottMike santomassimoJames gormanChris marinacGoldman sachsWells fargoMorgan stanleyFederal reserveWall streetNew york basedFirst republicBig six