Wall Street banks eye investment banking resurgence amid multifaceted economic challenges

US banks added more net new branches in 2023 for the first time in a decade. Last year banks added 94 net new branches across the US, according to new data released this week by the Federal Deposit Insurance Corporation. That was the first annual period since 2012 they opened more than they closed.

US banks' branches on the rise

US Banking authorities are revising policies from the 1970s to combat redlining and increase lending to low-income households. A new proposal would expand the scope of the historic 1977 community reinvestment act to include increasingly common online and mobile banking services. Redlining is when an institution refuses a loan or insurance to someone because they live in an area deemed to be a poor financial risk. If the proposal is approved, regulators won't just consider the locations of branches to determine a bank's grade for its lending to low- and moderate-income neighbourhoods.

US Authorities look to increase lending to low-income households

Fitch Ratings, the prominent credit ratings agency has issued a stark warning that it might downgrade several major Banks including the likes of JP Morgan Chase.

Fitch Ratings considers downgrades for dozens US banks

Green vs Greed: Banks' carbon commitments under scrutiny

The banking crisis in the United States is far from over. A month after the collapse of Silicon Valley and Signature Bank. Another one, First Republic Bank, seems to be in trouble. The bank's shares sank over 20% on Monday. The drop in confidence came after the bank said its deposits plunged by over 100 billion dollars in the first three months of 2023.

First Republic Bank loses $100 billion in deposits

JP Morgan reported a surge in deposits in the first quarter, as the sudden collapse of two US regional banks in March drove customers to move their money to bigger lenders.

JP Morgan bank sees a surge in deposits amid US banking crisis

Explained | How Silicon Valley Bank crisis unfolded in 48 hours

US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile rainy-day funds to prepare for an economic slowdown that is battering investment banking.

World Business Watch: U.S. banks get ready for profit crunch

Most big US banks are expected to report a stunning rebound in quarterly profits next week. With feared pandemic loan losses, they are failing to materialize even as trading income slumps and lending revenue stalls on low-interest rates and weak demand.

World Business Watch: US banks to see big jump in second-quarter profits before normalcy in results

FinCEN documents show how global banks moved illicit funds despite red flags

Nepal banks and companies helping China, Iran skirt US sanctions: FinCEN Files

Three of the largest U.S. banks said on Tuesday they had set aside a whopping $28 billion for loan losses

Big U.S banks predict more economic pain from COVID-19

The S&P 600 index of small-cap banks has surged more than 20 per cent since Trump's surprise November 8 victory

Wall Street Week Ahead: Small banks rally pauses but may not be over yet

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