Inside Salt Lake City’s booming banking industry
CNBC takes viewers on a deep dive into Salt Lake City’s booming banking sector. The city’s exceptional growth in finance can be traced back to an early catalyst: industrial banking. …
Regional banking
Why hundreds of U.S. banks may be at risk of failure
Hundreds of small and regional banks across the U.S. are feeling stressed. “You could see some banks either fail or at least, you know, dip below their minimum capital requirements,” …
Regional bank failures may be ahead, Fmr. FDIC Chair Sheila Bair warns
Regional bank earnings may expose critical weaknesses, according to Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corp. Their quarterly numbers begin hitting Wall Street this week. “I’m …
It’s not just Wall Street. Local bank branches have big AI ambitions
The pandemic accelerated changes at big banks, where Chase and Wells Fargo already have branches that look more like lounges than banks. But it’s not just Wall Street-sized banks where …
Fed sparks irrational market optimism on possible rate cuts: Sheila Bair
Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who ran the FDIC during the 2008 financial …
With economy holding up, why is the market so down on America’s banks?
Regional banking stocks are on pace for their worst year back to 2006, with the long tail of the SVB collapse. But bank stocks had been in rally mode since …
Bond yield jump is not death to equities: BofA’s Savita Subramanian
The latest jump in Treasury yields is not “death to equities,” BofA Securities’ Savita Subramanian told CNBC’s “Fast Money” on Tuesday. In fact, Subramanian sees the bond move as a …
ASEAN moves closer to economic unity with new regional payments system
Indonesian President Joko Widodo makes a speech during the Association of Southeast Asian Nations (ASEAN) Foreign Minister’s Meeting in Jakarta, Indonesia on July 14, 2023. Murat Gok | Anadolu Agency …
Manage risk because people got Fed dead wrong
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy. “Everybody that I’ve talked to over the last …
Investment banking sees signs of life
A woman exits the Bank of America headquarters on July 18, 2023 in New York. Eduardo Munoz Alvarez | View Press | Getty Images This report is from today’s CNBC …