Bradley Keoun covers markets and finance for TheStreet.
A former reporter and editor for Bloomberg News in New York and Mexico City, he covered the financial crisis of 2008 and has written about U.S. banks, the energy industry and emerging markets.
Keoun, who previously worked for the Gainesville (Fla.) Sun and Chicago Tribune, has a master's in journalism from the University of Florida and a bachelor's in electrical engineering from Duke University. You can reach him at firstname.lastname@example.org and follow him on Twitter @liqquidity.
Standard Chartered, a big U.K. lender, will include a $190 million charge in first-quarter results to pay for the settlements, on top of a $900 million reserve recorded in the fourth quarter of 2018.
More than $200 billion of investment-grade bonds could fall into the $1.2 trillion junk-grade category during the next economic downturn, Fitch Ratings estimates in a new report, adding to a growing chorus of regulators and Wall Street analysts warning of the risk.
JPMorgan Chase CEO Jamie Dimon says he doesn't worry about loan growth. But Wall Street analysts do - and the brokerage firm KBW is projecting a slowdown at the biggest U.S. bank this year and next - even as profit margins shrink on new and existing loans.
The expansion by Bank of America, the second-biggest U.S. lender, in Ohio aims squarely at territory that's currently dominated by large regional banks like Fifth Third, Huntington and Key.
Bank of America said it would accelerate a branch expansion and modernization effort started three years ago -- betting that customers still want to visit physical locations even as more shoppers go online.
U.S. employers added 196,000 jobs last month, the Labor Department says. Economists had estimated a gain of 175,000, based on a survey by FactSet.
JPMorgan CEO Jamie Dimon says he doesn't currently expect the U.S. economy to tip into recession, but the risks are growing from 'bad policy,' and he lamented the loss of certainty in American global leadership. Spoiler alert: He didn't mention President Donald Trump.
Despite signals from the bond market that the U.S. economy might be headed toward a recession, few chief financial officers are preparing defensive business plans, and more of them are planning to invest extra cash rather than paying it out to shareholders, according to a new survey from the accounting firm Deloitte.
U.S. employment in the private sector increased by 129,000 jobs in March, ADP says. That was fewer than the 165,000 estimated by economists in a survey by FactSet.
Regulators have warned against the creeping use of technology in traditionally human-intensive decisions like whether to make a loan, and at what interest rate. But a new study shows that the online platform LendingClub might be just as good at lending as the largest banks.
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