SVB goes first, more banks likely to fail despite intervention, says Investor Bill Ackman
Following the collapse of the California-based Silicon Valley Bank (SVB) on March 10, Bill Ackman, CEO of Pershing Square Capital Management, has sought a bailout package for the commercial lender from the US government.
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JPMorgan Chase to launch a new digital bank in the UK
In March 2023, JPMorgan Chase announced that it will launch a new digital bank in the UK later this year. The bank aims to attract younger customers who prefer to do their banking online.
Newsroom
you can access our press releases, media coverage, and other resources that showcase our work. Our goal is to provide you with accurate and timely information that helps you understand our mission and the impact we are making in our industry.
you can access our press releases, media coverage, and other resources that showcase our work. Our goal is to provide you with accurate and timely information that helps you understand our mission and the impact we are making in our industry.
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Welcome to our media page! Here you will find the latest news, updates, and information about our company. We are committed to keeping you informed about our products, services, and achievements.
Welcome to our media page! Here you will find the latest news, updates, and information about our company. We are committed to keeping you informed about our products, services, and achievements.
JPMorgan Chase to launch
JPMorgan Chase to launch a new digital bank in the UK: In March 2023, JPMorgan Chase announced that it will launch a new digital bank in the UK later this year. The bank aims to attract younger customers who prefer to do their banking online.
Wells Fargo settles lawsuit for $250 million over fake accounts scandal:
In February 2023, Wells Fargo agreed to pay $250 million to settle a lawsuit brought by shareholders over the bank's fake accounts scandal. The settlement is the largest of its kind for a shareholder lawsuit against a bank.
Deutsche Bank to cut 18,000 jobs and exit some businesses:
In January 2023, Deutsche Bank announced plans to cut 18,000 jobs and exit certain businesses as part of a major restructuring effort. The bank aims to focus on its core businesses and improve profitability.
Citigroup to launch a new cryptocurrency trading desk:
In December 2022, Citigroup announced plans to launch a new cryptocurrency trading desk, allowing clients to buy and sell digital assets. The move comes as more traditional banks look to enter the growing cryptocurrency market.
Bank of America reports strong fourth-quarter earnings:
In January 2023, Bank of America reported strong fourth-quarter earnings, beating analysts' expectations. The bank cited growth in its consumer and wealth management businesses as key drivers of its performance.
JPMorgan Chase to launch
JPMorgan Chase to launch a new digital bank in the UK: In March 2023, JPMorgan Chase announced that it will launch a new digital bank in the UK later this year. The bank aims to attract younger customers who prefer to do their banking online.
Wells Fargo settles lawsuit for $250 million over fake accounts scandal:
In February 2023, Wells Fargo agreed to pay $250 million to settle a lawsuit brought by shareholders over the bank's fake accounts scandal. The settlement is the largest of its kind for a shareholder lawsuit against a bank.
Deutsche Bank to cut 18,000 jobs and exit some businesses:
In January 2023, Deutsche Bank announced plans to cut 18,000 jobs and exit certain businesses as part of a major restructuring effort. The bank aims to focus on its core businesses and improve profitability.
Citigroup to launch a new cryptocurrency trading desk:
In December 2022, Citigroup announced plans to launch a new cryptocurrency trading desk, allowing clients to buy and sell digital assets. The move comes as more traditional banks look to enter the growing cryptocurrency market.
Bank of America reports strong fourth-quarter earnings:
In January 2023, Bank of America reported strong fourth-quarter earnings, beating analysts' expectations. The bank cited growth in its consumer and wealth management businesses as key drivers of its performance.
