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2023-04-14 12:51:00 ET Summary Even after a string of financial failures that sent depositors running for the hills, it’s a good time to be a giant U.S. bank. More troublesome than the level of deposits is the cost of those that stay, which is also rising. While it ...
2023-04-13 15:01:44 ET With concern over recent banking turmoil, investors will be keenly attuned to what the first big banks' Q1 earnings reveal on Friday. In the waning three weeks of the quarter, the failures at Silicon Valley Bank, Silvergate Capital, and Signature Bank had bank custome...
2023-04-12 16:13:31 ET Citizens Financial Group ( NYSE: CFG ) said Wednesday it has appointed Richard Stein as chief risk officer upon the retirement of Malcolm Griggs in Q4 2024. Stein, joining the lender from Fifth Third Bancorp ( FITB ), will report to Citizens ( ...
Citizens Financial Group, Inc. (NYSE: CFG) today announced that Richard Stein will assume the role of Chief Risk Officer upon the retirement of Malcolm Griggs in the first quarter of 2024. Upon assuming the CRO role, Mr. Stein will report to Bruce Van Saun, Chairman and CEO, and serve on the bank...
2023-04-05 08:29:21 ET Citizens ( NYSE: CFG ) has announced that 150 nonprofit organizations across the communities it serves will receive support through the bank’s Citizens Helping Citizens Manage Money program. Select nonprofits will receive a total of $2M to sup...
150 Nonprofits Receive Support through Citizens Helping Citizens Manage Money Program Citizens announced today that 150 nonprofit organizations across the communities it serves will receive support through the bank’s Citizens Helping Citizens Manage Money program. Select no...
New research shows consumers desire more financ ial flexibility to celebrate life’s big moments Most Americans will celebrate a major life milestone in the next year, and it’s no surprise that marking those moments can come with some emotional stress. However, ne...
2023-04-01 14:41:00 ET Short sellers gained $14.3B in unrealized profit from betting against stocks within the global banking sector in March, a tumultuous month marked by three regional bank failures that sparked contagion fears, according to a recent report from analytics firm S3 Part...
2023-04-01 07:35:01 ET Listen on the go! A daily podcast of Wall Street Breakfast will be available this morning on Seeking Alpha , iTunes , Stitcher and Spotify . For further details see: Wall Street Breakfast: What Moved Markets
2023-03-31 09:30:15 ET With a report that the Federal Deposit Insurance Corp. is considering having big banks bear a larger share of the cost of recent bank failures than smaller banks, Citi analyst Keith Horowitz estimated that the increased assessment means ~3.5% headwind for 20...
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Corporate revenue rises as markets turn more favorable The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that econ...
2024-07-25 10:45:04 ET Avantor Inc. (AVTR) AVTR is trading UP for the last 5 days, and it at trading at $22.39 with volume of 6,161,926 and a one day change of $0.02 (0.07%). Avantor Inc. has a 52-week low of 16.63 and a 52-week high of $26.16. The business's 50-day moving average p...
2024-07-20 12:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...