Catherine Leffert

Washington, D.C., United States

Reporter at American Banker

reporter @amerbanker • past: @dallasbiznews @business @djnf @dailyorange • probably crosswording • she/her

Articles

'A port in the storm': Why Citi isn't afraid of tariffs

1 week ago | americanbanker.com | Catherine Leffert

Citigroup CEO Jane Fraser said that the same tariff policies that have cast a pall on the economy and stirred up uncertainty could provide opportunities for the bank. The bank is sticking to the 2026 profitability targets it outlined in January, but amid the "fluid" economic environment, there are different levers it may pull to get there, Fraser said on the company's first-quarter earnings call Tuesday.
'A port in the storm': Why Citi isn't afraid of tariffs

1 week ago | today.westlaw.com | Catherine Leffert

Citigroup CEO Jane Fraser said that the same tariff policies that have cast a pall on the economy and stirred up uncertainty could provide opportunities for the bank. The bank is sticking to the 2026 profitability targets it outlined in January, but...
M&T Bank Q1 earnings rise but miss analysts' expectations

1 week ago | nationalmortgagenews.com | Catherine Leffert

M&T Bank showed financials mostly flat or in-line with expectations in the first quarter, but missed on earnings per share due to "seasonality."Despite the recent tariff policies and economic volatility, the Buffalo, New York bank saw its bottom line trend slightly up from the previous year. M&T's first-quarter earnings missed analyst estimates, with diluted earnings per share of $3.32, compared with analyst estimates of $3.40.
M&T Bank Q1 earnings rise but miss analysts' expectations

1 week ago | americanbanker.com | Catherine Leffert

M&T Bank showed financials mostly flat or in-line with expectations in the first quarter, but missed on earnings per share due to "seasonality."Despite the recent tariff policies and economic volatility, the Buffalo, New York bank saw its bottom line trend slightly up from the previous year. M&T's first-quarter earnings missed analyst estimates, with diluted earnings per share of $3.32, compared with analyst estimates of $3.40.
M&T Bank earnings rise but miss analysts' expectations

1 week ago | today.westlaw.com | Catherine Leffert

M&T Bank showed financials mostly flat or in-line with expectations in the first quarter, but missed on earnings per share due to "seasonality."Despite the recent tariff policies and economic volatility, the Buffalo, New York bank saw its bottom line...
Jamie Dimon: Looser capital rules are good for the market

1 week ago | americanbanker.com | Catherine Leffert

JPMorgan Chase CEO Jamie Dimon said Friday that broad capital reforms, widely anticipated during the Trump administration, would free up "hundreds of billions of dollars" for his bank to lend out annually, while also pumping stability into the financial system. Modifying specific rules — such as excluding Treasuries from certain capital requirements — will not only help banks, but also ease pressure on the markets, Dimon said during JPMorgan's first-quarter earnings call.
Jamie Dimon: Looser capital rules are good for the market

2 weeks ago | today.westlaw.com | Catherine Leffert

JPMorgan Chase CEO Jamie Dimon said Friday that broad capital reforms, widely anticipated during the Trump administration, would free up "hundreds of billions of dollars" for his bank to lend out annually, while also pumping stability into the...
Tariff whiplash has banks and their clients pausing deals

2 weeks ago | americanbanker.com | Catherine Leffert |Nathan Place

In a financial world that takes uncertainty harder than plain bad news, the rapid changes in U.S. tariff policy have brought banks — and the businesses they advise — to a standstill on dealmaking. President Donald Trump's election last November spurred optimism that a confluence of deregulation and a favorable economic environment would lead to an uptick in mergers and acquisitions.
Tariff whiplash has banks and their clients pausing deals

2 weeks ago | today.westlaw.com | Catherine Leffert |Nathan Place

In a financial world that takes uncertainty harder than plain bad news, the rapid changes in U.S. tariff policy have brought banks — and the businesses they advise — to a standstill on dealmaking.
PNC taps new president, sees 'opportunity to scale'

2 weeks ago | americanbanker.com | Catherine Leffert

PNC Financial Services Group has tapped former BlackRock executive Mark Wiedman to be its new president, tasked with helping the bank prepare for "significant opportunity to scale," even as tariffs rattle the financial world and the threat of a recession looms. The seventh-largest bank in the country is poised to take on even more consolidation — organically or inorganically — and plans to lean further into technology and products.