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Top News In Bnks1 Today - Breaking & Trending Today

Analysis: Why a US debt deal may only provide short-term relief for markets

Good news of a tentative deal for the U.S. debt ceiling impasse may quickly turn out to be bad news for financial markets. ....

United States , Thierry Wizman , Scott Schulte , Amo Sahota , Davide Barbuscia , Maureen Oconnor , Alex Lennard , Daniel Krieter , Kim Coghill , Megan Davies , Paritosh Bansal , Shankar Ramakrishnan , Saeed Azhar , Joe Biden , Mike Wilson , Laura Matthews , Morgan Stanley , Wells Fargo , Thomson Reuters Trust Principles , Republican Kevin Mccarthy , Maureeno Connor , Thomson Reuters Trust ,

How risky bank debt makes customers safer

Forcing more U.S. banks to fund more of their loans and investments with long-term debt and less with deposits, could offer more protection for customers, columnist Liam Proud writes. ....

United States , City Of , United Kingdom , Streisand Neto , Jamie Dimon Jpmorgan , Martin Gruenberg , John Foley , Silicon Valley Bank , Signature Bank , Senate Committee On Banking , First Republic Bank , Deposit Insurance Corporation , Thomson Reuters Trust Principles , Reuters Breakingviews , Jamie Dimon , First Republic , Federal Deposit Insurance Corporation , Urban Affairs , Thomson Reuters Trust , Reuters News , Trust Principles ,

Morning Bid: Relief rally eyed on US debt ceiling deal

U.S. and UK markets will be closed, creating potential for outsized market moves. ....

South Korea , United Kingdom , United States , Jamie Mcgeever , Thomson Reuters Trust Principles , Federal Reserve , Republican Controlled House , Democratic Led Senate , Hang Seng , Thomson Reuters Trust , Reuters News , Trust Principles ,

JPMorgan cutting about 500 jobs this week

JPMorgan Chase & Co is cutting about 500 employees this week across its various departments, according to a person familiar with the situation who asked not to be identified discussing personnel matters. ....

New York , United States , Niket Nishant , Devika Syamnath , David Gregorio , Nupur Anand , Thomson Reuters Trust Principles , Jpmorgan Chase Co , First Republic Bank , Republic Bank , Thomson Reuters Trust , Ef Business World At Work ,

BofA must face class action over 2020 benefit card fraud

Bank of America
must face cardholder allegations that it bungled its response to unauthorized transactions on unemployment and disability benefits cards in California during the pandemic, a San Diego judge ruled on Thursday. ....

United States , San Diego , Larry Alan Burns , Jody Godoy , Michael Rubin , Richard Chang , Electronic Fund Transfer , Thomson Reuters Trust Principles , Us District Court , A Bank , Judge Larry Alan Burns , Electronic Fund Transfer Act , Unfair Competition Law , Southern District , Thomson Reuters Trust , Rsbi Litigation , Rsbi Regulatory Oversight , Reuters Legal , Sustainable Business ,