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  • 1 week ago | americanbanker.com | Allissa Kline

    Truist Financial lowered its revenue expectations for the year, citing a material slowdown in investment banking and capital markets activity and the anticipation of less net interest income. Chairman and CEO Bill Rogers told analysts Thursday that market volatility and economic uncertainty were key factors in the Charlotte, North Carolina-based company's revised outlook.

  • 1 week ago | today.westlaw.com | Allissa Kline

    Truist Financial lowered its revenue expectations for the year, citing a material slowdown in investment banking and capital markets activity and the anticipation of less net interest income.

  • 1 week ago | americanbanker.com | Allissa Kline

    This news is developing. Please check back for updates. U.S. Bancorp's first-quarter revenues outpaced its expenses, marking another quarter in which the Minneapolis-based company reeled in higher profits while reducing its spending. For the quarter ended March 31, revenues totaled $7 billion, up 3.6% from the year-ago quarter as a result of higher net interest income and fee income, the company said Wednesday.

  • 1 week ago | today.westlaw.com | Allissa Kline

    This news is developing. Please check back for updates. U.S. Bancorp's first-quarter revenues outpaced its expenses, marking another quarter in which the Minneapolis-based company reeled in higher profits while reducing its spending.

  • 1 week ago | americanbanker.com | Allissa Kline

    Bank CEOs are as in the dark as everyone else about the likely impact of President Donald Trump's chaotic rewiring of the nation's trade policies. The top executives at JPMorgan Chase , Wells Fargo , Morgan Stanley and Bank of New York Mellon told analysts Friday that it's hard to predict whether the imposition of tariffs is going to push the economy into a recession — or how their own businesses will be affected.

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Allissa Kline
Allissa Kline @AllissaKline
1 Aug 23

What is a bank's responsibility to the communities it serves, including the deeply segregated neighborhood in #Buffalo that was the target of a racially-motivated mass shooting? A complex question to answer in the aftermath of such tragedy. @AmerBanker https://t.co/3VnHaZys10

Allissa Kline
Allissa Kline @AllissaKline
15 Mar 23

Worth reading this "what's going on with the banks" thread by @polorocha18, who offers useful context about deposits, investments in bonds and how those two factors played into last week's collapse of Silicon Valley Bank. @AmerBanker

Polo Rocha
Polo Rocha @polorocha18

What’s going on with the banks lately? A numbers-lite and hopefully easy-to-understand explainer now that things have settled a bit. (Focused on Silicon Valley Bank, missing some stuff & at times oversimplified!)

Allissa Kline
Allissa Kline @AllissaKline
27 Oct 22

New York Community Bancorp — whose last attempt at bank M&A ended with both parties walking away — is still waiting to get its latest proposed deal across the finish line. #3Q #earnings @AmerBanker https://t.co/505Out73sU