Currency Probes Hit Banks' Profits

BNY Mellon and State Street this week reported lower foreign-exchange revenue, as they battle probes into their fees for currency trades.

Topics:  bny mellon   state street   currency   probes   
BING NEWS:
  • Hit HBO finance show ‘Industry’ could use an audit over banking world flubs, fans say: ‘Plot isn’t always realistic’
    Real-life bank employees have taken to social media to poke fun at the show’s many finance industry faux pas, according to The Wall Street Journal.
    10/21/2024 - 1:48 pm | View Link
  • ‘Industry,’ the Hit Show About Finance, Leaves Bankers Scratching Their Heads
    The drama’s Wall Street fans spot typos in spreadsheets and puzzle over a bank failure caused by “ESG” investing.
    10/20/2024 - 2:00 pm | View Link
  • Bank Runs Hit 22 US Lenders in 2023 As Wave of Panic Sank Silicon Valley Bank: New York Federal Reserve
    The collapse of Silicon Valley Bank (SVB) triggered a wave of bank runs at 22 US lenders last year, according to an under-the-radar report from the New York Federal Reserve.
    10/18/2024 - 6:59 am | View Link
  • China’s Mega Banks Trim Deposit Rates as Stimulus Hits Profits
    China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year as they rushed to salvage record low margins amid weakened profitability.
    10/17/2024 - 2:01 pm | View Link
  • Tech firm ensnared in City Hall corruption probe hired Terence Banks amid lag in project launch
    The timing of SaferWatch’s hire of Terence Banks and the January 2023 agreement undergirding a pilot project — details that have not previously been reported — were confirmed by ...
    10/17/2024 - 11:17 am | View Link
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