China's biggest banks are finally getting scared by the West's sanctions against Russia

Tech Insider : Economy, Economy
Vladimir Putin.
Russia's President Vladimir Putin.

Artem Geodakyan/POOL/AFP via Getty Images

Defaults skyrocketed last year to the highest tally since the start of the pandemic - and 2024 is set to bring more pain to corporations

Tech Insider : Economy, Economy, Business
Recession outlook, going out of business, economy
Defaults nearly tripled in 2023 compared to 2022.

Robert Alexander / Getty

Russian banks made a record $36.8 billion in profit last year, and even the central bank is surprised by it

Tech Insider : Economy, Politics, Economy
Russian President Vladimir Putin applauds.
Russian President Vladimir Putin.

Getty Images

Why banks and consumer groups have become unlikely allies

Tech Insider
Jamie Dimon
JPMorgan CEO Jamie Dimon.

Brooks Kraft LLC/Corbis via Getty Images

Bank credit is shrinking for the first time since the Great Recession - and that's a red flag for the economy

Tech Insider : Economy, Economy
wall street
Contracting bank credit levels could be a sign a recession is coming.

Lucky-photographer/Shutterstock

Goldman Sachs posts an earnings beat as growth for its stock-trading business triples estimates

Tech Insider
David Solomon Goldman Sachs investor day 2023
Goldman Sachs CEO David Solomon.

Brendan McDermid/Reuters

Citi to cut about 20,000 jobs as it doubles down on its corporate overhaul

Tech Insider
citigroup CEO jane fraser
CEO Jane Fraser says the company had a "very disappointing" Q4 in 2023.

SAUL LOEB/Getty Images

Morgan Stanley's James Gorman rates himself an A-minus CEO but says he doesn't want to be the boss anymore

Tech Insider
James Gorman
Morgan Stanley CEO James Gorman

SAUL LOEB / Getty Images

Mortgage rates could fall below 5% next year, emboldening US consumers and allowing banks to 're-liquify,' Fundstrat's Tom Lee says

Tech Insider
Thomas Lee Tom Lee Fundstrat
Mortgage rates could fall as low as 4.75% next year, according to Fundstrat's head of research Tom Lee.

Brendan McDermid/Reuters

HENRYs are turning to a little-known and risky type of mortgage as home prices soar

Tech Insider : Economy, Economy
A FOR SALE sign is displayed outside a property on Madison Ave. in Toronto.
Interest-only mortgages were much more strictly regulated after the financial crisis, but now higher-income borrowers are turning to them as home prices stay high.

Lance McMillan/Getty Images

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