banks

The US' tightening sanctions against those aiding Russia's war efforts are really spooking some Chinese banks.Not only are they refusing to process trade transactions with Russia, some are even returning payments for goods that have been shipped, according to the pro-Kremlin Izvestia news outlet on Friday.These Chinese banks would return the money if they cannot…

Schadenfreude fans who read on will learn that the banks who lent him $13 billion to buy Twitter (he put up some of the remaining $30 billion himself, along with pitch-ins from the likes of Oracle founder Larry Ellison and newly converted Trump fan Marc Andreessen's firm) have serious lender's remorse.They'd like to resell the…

Higher interest rates have caused upheaval in commercial real estate lending. A top executive at DWS predicts that traditional lenders like banks will retreat from the sector, leaving hundreds of billions of dollars of lending to new players, including the $110 billion DWS.DWS's global head of real estate for the Americas, Todd Henderson, says he…

Trade between Russia and China is getting ever more difficult, with some payments between partners taking up to half a year, the Kommersant business daily reported on Monday.About 80% of bank transfers made in the Chinese yuan are also getting bounced back with no explanation, after being stalled for weeks while banks decide if they…

Leading lenders have greater exposure to commercial real estate debt than typically understood, implying a larger chance of systemic risk, according to a new study.The paper, titled "Shadow Always Touches the Feet: Implications of Bank Credit Lines to Non-Bank Financial Intermediaries," notes that while most analysts have focused narrowly on bank balance sheets, banks also…

Many young people feel distraught at the state of the world, priced out of owning a home or having kids, and worried that artificial intelligence will steal their jobs.They've also weathered a pandemic and are now dealing with historic inflation and the highest interest rates in two decades — when they've had less time than…

Jamie Dimon aired a laundry list of concerns during JPMorgan's investor day on Monday, ranging from sticky inflation and government largesse to overseas clashes and a burgeoning cash crunch."I'm cautiously pessimistic," Dimon said, according to a transcript provided by AlphaSense. Between the conflicts raging in Ukraine and Gaza, and rising tensions between countries like the…

Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But more banks could fail, according to Fed chair Jerome Powell. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in.

Billionaire Barry Sternlicht is worried about America's regional and community banks.Sternlicht told CNBC that banks may bear the consequences of the real estate crisis.Only one bank has closed so far this year, but Sternlicht said more could be coming. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the…

"If you mean crypto like bitcoin, I've always said it's a fraud," the JPMorgan CEO told Bloomberg TV on Wednesday."If they think they're a currency, there's no hope for it. It's a Ponzi scheme," he added.However, the billionaire banker did say tokens that serve a purpose may not be worthless. Related stories This story is…