Us Banks

Big US banks halt stock buybacks, use capital to lend citing customer needs during coronavirus

The decision follows pressure from some US lawmakers, who last week urged big banks to stop using funds to repurchase shares and instead support customers and the broader economy.

US banks in coronavirus contingency mode with staff, visitors, regulators; fear looms about epidemic leading to global recession

The preparations come amid growing fears that the fast-spreading virus which has infected around 83,000 people in more than 50 countries could lead to a global recession

Uber says it could be valued at $120 billion for its IPO next year

Proposed valuation of Uber is about $50 billion more than the company’s most recent valuation.

National Security Agency Helps US Banks Battle Hackers

The National Security Agency, a secretive arm of the US military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing US fears of financial sabotage

Brexit: US banks brace themselves for the catastrophic scenario of losing trade benefits

Two days before Britain's referendum on breaking with the European Union, the largest US banks are preparing for a catastrophic scenario that could cost them billions of dollars. Amid the volatile atmosphere in Britain, the banks are outwardly keeping a straight face.

Apple in talks with US banks for person-to-person payment service: Report

Apple is in talks with US banks to develop a person-to-person mobile payment service, the Wall Street Journal reported.

US banks sending sensitive mortgage, foreclosure jobs to India

As the US government rolls out tougher rules for home loans, banks have added new financial-verification hurdles, and many of them are outsourcing vetting to Indian outsourcing firms rather than hiring more people in the United States.

US banks emerge stronger from crisis, says Bernanke

The US banking sector has grown much stronger since the financial crisis, which has contributed to the improvement of the overall economy, said Federal Reserve Chairman Ben Bernanke.

JP Morgan: Earnings beat estimate, but profit down 4%

The US bank's third-quarter profit fell 4 percent amid lingering mortgage troubles and weak investment banking results.