The impact of Brexit will have an outsized effect on banks, where as much as 32 billion euros could be erased from their bottom lines over the next two years, according to analysts at Goldman Sachs. That would represent a loss of roughly 11 percent of...
Get ready for some sinking bank profits. The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to report loans going south much earlier than had been done before, which may push reserves...
The looming vote next week where Britons will vote on whether their nation should stay within the European Union or exit would have a significant impact on bank earnings were the latter scenario to play out, Reuters reported on Thursday (June 16). Large U.S. banks...
October 09, 2023
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Net interest income, a key driver of earnings for banks, has been boosted by the Federal Reserve’s benchmark rate hikes over the last 18 months. However, a decline in corporate […]
June 17, 2016
Get ready for some sinking bank profits. The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to...
June 17, 2016
The looming vote next week where Britons will vote on whether their nation should stay within the European Union or exit would have a significant impact on bank earnings were...
