Banking News

Are you interested in banking news? Maybe you work in the industry, have a connection to the sector, or have a financial interest through investments. Whatever your interest the Wiser daily banking news email is for you. The financial crisis of the late 2000s proved how much of an influence the banking sector has throughout society. Every person, company and institution was impacted to a greater or lesser degree, from large multi-national corporations, to hard working American homeowners, to community organizations. Even after the financial crises the assets of the five biggest banks combined are worth more than 50 percent of the US economy. Those big five banks - JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and US Bancorp - control $15.2 trillion in assets. The industry continues to consolidate so how will it look in another 10 years as regulators impose new rules? How will technology, the growth of India and China, and a changing US economy affect the sector? You will find the answers to these questions and more by staying informed of the latest banking news. And the best way to find information, news and developments about banking is through the tailored Wiser daily email.

Recent Banking News Coverage
 
Your Weekly Recommendations Monday, August 21, 2017
 
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Hyundai Merchant Marine in talks with BlackRock about potential investment
Reuters • Reuters Staff
UPDATE 1-Goldman Sachs gets approval for Saudi equities trading licence
Reuters • Katie Paul, Tom Arnold
How to find a good savings account for kids
Los Angeles Times • Tony Armstrong
Lloyds and Halifax customers face up to 52% APR overdraft fee
The Guardian • Miles Brignall
Regulators get ready to authorise ‘ringfenced’ UK banks
Financial Times
Exclusive: Citigroup tops bank group for Petrobras unit IPO - source
Reuters • Tatiana Bautzer
Investing In JPMorgan For The Long Term
Seeking Alpha • Andres Cardenal
Wells Fargo troubles shift from phony bank accounts to real ones
Reuters
Steve Bannon Out As Chief White House Strategist
NPR • Scott Horsley
Nykaa is based on a great customer connect, a prudent business model
The Economic Times of India • Supraja Srinivasan
 
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Finance, Investment Banking
Hyundai Merchant Marine in talks with BlackRock about potential investment
ReutersReuters Staff
SEOUL () - South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) (011200.KS) is in talks with BlackRock Inc (BLK.N) about a potential investment but details have yet to be discussed, a HMM spokesman said on Monday. BlackRock is in talks with...
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Banking, Economic Policy
UPDATE 1-Goldman Sachs gets approval for Saudi equities trading licence
ReutersKatie Paul, Tom Arnold
DUBAI/RIYADH () - Goldman Sachs (GS.N) received approval on Sunday to trade equities in Saudi Arabia, joining the growing band of western investment banks and fund managers expanding in the kingdom. Western financial institutions have been looking to tap new opportunities in...
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Banking, Credit Cards
How to find a good savings account for kids
Los Angeles TimesTony Armstrong
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money. Just as you wouldn’t send your...
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Banking, Credit Cards
Lloyds and Halifax customers face up to 52% APR overdraft fee
The GuardianMiles Brignall
There is growing anger among some Lloyds and Halifax customers – those who regularly use their overdraft – after they received letters from the banks this week warning them that the cost of going overdrawn could shoot up after November. In July,...
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Banking
Regulators get ready to authorise ‘ringfenced’ UK banks
Financial Times
Big banks need to split their retail services from riskier investment divisions by 2019
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Bank of America, Banking
Exclusive: Citigroup tops bank group for Petrobras unit IPO - source
ReutersTatiana Bautzer
SAO PAULO () - Citigroup Inc (C.N) and seven other banks will underwrite the initial public offering of Petróleo Brasileiro SA's fuel distribution unit, which will likely occur in November, a person with direct knowledge of the plan said. Petrobras (PBR.N), as...
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Accounting, Bank of America
Investing In JPMorgan For The Long Term
Seeking AlphaAndres Cardenal
Summary JPMorgan has significantly outperformed the industry over good and bad times. Scale and market leadership means superior financial performance for JPMorgan versus the competition. The stock is reasonably valued at current prices. JPMorgan (JPM) stock has substantially outperformed the rest of...
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Bank of America, Banking
Wells Fargo troubles shift from phony bank accounts to real ones
Reuters
(Reuters) - After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access...
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Hedge Funds, Investment Banking
Steve Bannon Out As Chief White House Strategist
NPRScott Horsley
Earlier this week, President Trump offered only half-hearted support for the man considered instrumental in getting him to the Oval Office.
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Entrepreneurship, Investment Banking
Nykaa is based on a great customer connect, a prudent business model
The Economic Times of IndiaSupraja Srinivasan
Falguni Nayar, the switch from the rarified world of investment banking to the finicky world of online beauty retailing has been rather smooth. At the ET Startup Awards 2017, Nayar, CEO of Nykaa, was announced the winner in the 'ET Facebook Woman...
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