Capital flows from institutional investors are driving up the price of tokens such as bitcoin
Wells Fargo
Loan loss provisions have thinned even as regulators highlight risks in commercial real estate market
Earnings are expected to have shrunk in last quarter of 2023 due to unpaid debts and impact of high interest rates
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
US regulators hit Wells Fargo and BNP Paribas for staff unofficially using of the service
Latest consumer price data boosts hopes that the Fed could end rate hikes soon
ECB expected to hike up rates by a further 0.25 per cent next month as core inflation remains strong
Sell-off sparked by $1.8bn loss at Silicon Valley Bank
Bank of America, Citigroup and JP Morgan Chase all increase bad loan provisions
Four of the biggest banks reported earnings on Friday
Wall Street will signal its concerns about the US economy in Q3 earnings next week
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