According to a Fitch Ratings report, small to mid-size banks should not experience any ratings issues in the short term following the passage of legislation lessening the burden of financial regulations.
According to a report issued by the Digital Journal, Goldman Sachs, JPMorgan Chase and Citi have the largest U.S. bank share of disclosed investments in fintech startups.
Bloomberg reported the nation’s top 10 banks collectively made $30 billion in quarterly earnings, only a few hundred million shy of the record that was set in Q2/07, despite stiff regulation.
Bloomberg reported that JPMorgan Chase, Bank of America and Wells Fargo are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis.
Bloomberg reported that banks keep plowing their burgeoning deposits into U.S. government and related debt, pushing the industry’s holdings past $2 trillion instead of lending it out.
In its recently released 2015 U.S. bank sector outlook, Keefe, Bruyette & Woods said it expects a variety of factors to impact bank stock performance in the coming year.
Reuters reported that regulators are sending some of the largest banks warnings that enforcement actions will be taken against them if they don’t improve their ability to identify risks.
The Wall Street Journal reported that big banks are starting to relax their lending criteria and slowly increasing their appetite for risk.
Moody’s has placed the senior and subordinated debt ratings of the six largest U.S. banks on review as it considers reducing its government support assumptions to reflect the impact of U.S. bank resolution policies.