The impact of Brexit will have an outsized effect on banks, where as much as 32 billion euros could be erased from their bottom lines over the next two years, according to analysts at Goldman Sachs. That would represent a loss of roughly 11 percent of...
Get ready for some sinking bank profits. The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to report loans going south much earlier than had been done before, which may push reserves...
The looming vote next week where Britons will vote on whether their nation should stay within the European Union or exit would have a significant impact on bank earnings were the latter scenario to play out, Reuters reported on Thursday (June 16). Get the Full...
October 09, 2023
The big U.S. banks are reportedly facing a slowdown in lending growth due to rising interest rates, and it is expected to hurt their profits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, […]
June 17, 2016
Get ready for some sinking bank profits. The Wall Street Journal reported on Thursday (June 16) that accounting rules are taking effect that would ensure that banks would have to...
June 17, 2016
The looming vote next week where Britons will vote on whether their nation should stay within the European Union or exit would have a significant impact on bank earnings were...
