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US stocks falls as markets assess downbeat China data

Tue, 08/15/2023 - 09:50

Sad trader — A trader watches the screen at his terminal on the floor of the New York Stock Exchange in New York October 15, 2014.
REUTERS/Lucas Jackson

Markets, MI Exclusive, daily market wrap, Stock market news today, China Economy, China growth, Economic Recovery

Citigroup is monitoring employees' office attendance, and constant absences could mean missing out on bonuses or being fired

Fri, 07/28/2023 - 11:31

Citigroup employees have to be in the office three days a week.

Mike Kemp/In Pictures via Getty Images

Careers, News, Trending UK, Citigroup, Citigroup London, Remote Work, work from home

Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023

Thu, 04/20/2023 - 11:52

Man types into a calculator at a bank — Bank officer calculates loans
Seksan Mongkhonkhamsao/Getty Images

Markets, MI Exclusive, JPMorgan, Citigroup, Bank of America, Wells Fargo, Loans

Warren Buffett dumped several banks after spotting red flags in their financials. Here's what spooked him, and which stocks he sold.

Wed, 04/19/2023 - 05:45

warren buffett newspaper — Warren Buffett.
REUTERS/Rick Wilking

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Bank stocks, Banking Crisis

Billionaire investor Bill Ackman says US banks depositing $30 billion into First Republic creates a 'false sense of confidence'

Fri, 03/17/2023 - 06:38

Bill Ackman, CEO of Pershing Square Capital, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 17, 2017. — Billionaire investor Bill Ackman calls for a temporary systemwide bank deposit guarantee immediately.
REUTERS/Mike Blake

News, finance, Markets, Silicon Valley Bank, SVB, Bank Run, First Republic

The CEO of Silicon Valley Bridge Bank is asking customers to return. But spooked Americans are moving billions out of smaller banks and into Wall Street giants.

Wed, 03/15/2023 - 12:51

Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023. — Many depositors moved their funds out of Silicon Valley Bank over the last few days.
Noah Berger/AFP

News, finance, Markets, Banking, Silicon Valley Bank, Signature Bank, Bank Run

Bank of America soaks up over $15 billion in new deposits as SVB panic sends money flooding into 'too big to fail' lenders

Wed, 03/15/2023 - 10:46

Carlo Allegri/Reuters

Markets, MI Exclusive, Bank of America, Silicon Valley Bank collapse, JP Morgan, Citigroup, Deposits

Warren Buffett has likely seen $8 billion wiped off the value of his financial stocks in 3 days, as SVB's collapse rattles the banking sector

Tue, 03/14/2023 - 07:35

Warren Buffett — Warren Buffett.
Paul Morigi/Getty Images for Fortune/Time Inc

Markets, MI Exclusive, Stocks, Warren Buffett, Berkshire Hathaway, Banking, Bank stocks

Wall Street's 4 top banks just had $55 billion wiped off their market value in a single day

Fri, 03/10/2023 - 07:11

jp morgan — People walk inside JP Morgan headquarters in New York, October 25, 2013.
REUTERS/Eduardo Munoz

Markets, MI Exclusive, JPMorgan, JP Morgan, Citigroup stock, Bank of America, Wells Fargo

Some traders say ChatGPT gives them out-of-date information and they waste time fact-checking

Mon, 02/27/2023 - 11:11

Traders — (Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Markets, MI Exclusive, Stocks, ChatGPT, Traders, Banks, Wall Street banks

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