This week, major US banks posted nearly $50 billion in combined Q1 profits. The growth, strongest in over a decade in some cases, was driven by Iran war-linked market volatility, oil price swings, and strong trading revenues

Banks always win: Iran war, market volatility, oil price turbulence help US giants clock $50 billion in profits

Wall Street banks on Friday punted on a healthier pipeline of deals and a notable rise in investment-banking activity while reporting quarterly earnings, even as they grapple with multiple headwinds and reasons for caution.

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

In a significant move towards tackling climate change, banks worldwide are working to develop global standards for accounting carbon emissions in bond or stock sale underwriting.

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

On Friday, the Silicon Valley Bank announced that it will be shutting down its operations after the lender’s announcement of raising $2 billion in funds to plug losses triggered a massive sell-off.

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

Several global banks moved large sums of allegedly illicit funds -- to the tune of $2tn -- over a period of nearly two decades, despite red flags about the origins of the money, several media reports said on Monday (IST).

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

Some banks and companies in Nepal are allegedly involved in transferring money obtained suspiciously from oversees, an investigation made by the Center for Investigative Journalism (CIJ), Nepal along with the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed has revealed.

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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