Wall Street banks are anticipated to report reduced quarterly earnings and a gloomy outlook for the rest of the year due to the negative effects of last month’s regional bank crisis and a slowing economy on their profitability. According to a Reuters’ report, the earnings per share for the six largest U.S. banks are projected…
Are we in a recession? Talks of a possible recession among bankers, economists, and analysts have increased due to an uncertain economic backdrop caused by raising inflation, sky-high interest rates, and chaotic stock markets. While the U.S economy has remained resilient with robust consumer spending, and a strong job market on average, worries of increasing borrowing…
The global banking industry has grown and evolved since the 2008 financial crisis and as of 2018, total assets had climbed to $124 trillion. The largest banks in the world are also the biggest movers of the global economy in terms of investment and provision of liquidity. The COVID-19 pandemic has reshaped the global banking…