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Tomasz Piskorski
FinanceCould Silicon Valley Bank happen again? ‘The short answer is, yes,’ says professor who sees $2 trillion of losses on the books
By Fortune EditorsMay 16, 2024
Columbia professor Tomasz Piskorski warned banks could become "less relevant" as private credit and nonbank lenders continue to eat up market share in the lending landscape.
Finance‘Banks continue to become increasingly less relevant’: the professor who sees a $2 trillion hole in the economy predicts a thinning of the herd
By Dylan SloanMay 16, 2024
Joshua Easterly
FinanceThe Great Financial Crisis kick started the private credit boom, but SVB was its true ‘watershed’ moment, Sixth Street co-president says
By Will DanielMay 16, 2024
person walking outside an HSBC bank branch
FinanceWho will be HSBC’s next CEO? An internal candidate seems likely for Europe’s largest bank
By Bloomberg, Harry Wilson, Donal Griffin and Ambereen ChoudhuryMay 16, 2024
Manfred Knof, chief executive officer of Commerzbank AG.
FinanceCommerzbank posts decade-high quarterly earnings on high interest and low bank levies, as it seeks to boost fee income
By Arno Schütze and BloombergMay 15, 2024
President Joe Biden speaks at podium
FinanceJoe Biden’s plan to slash $14 billion in credit-card late fees is halted by a federal judge in Texas
By Ken Sweet and The Associated PressMay 11, 2024
Banks feel FOMO as SEC rules keep them out of crypto custody
NewslettersBanks feel FOMO as SEC rules keep them out of crypto custody
By Jeff John RobertsMay 10, 2024
Shohei Ohtani and Ippei Mizuhara
Personal FinanceDodger superstar’s confidant pleaded guilty to stealing $17 million from the power hitter to cover debts
By Ava Benny-Morrison and BloombergMay 8, 2024
Bank of America CEO Brian Moynihan during a Bloomberg Television interview in New York, US, on Tuesday, March 19, 2024.
FinanceA 35-year-old junior Bank of America associate suddenly died—and it’s ignited discussions about Wall Street’s intense working conditions
By Sunny NagpaulMay 8, 2024
Billionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’
FinanceBillionaire real estate investor Barry Sternlicht says he expects at least one bank failure per week due to real estate loans: ‘That’s a fragile animal right now’
By Will DanielMay 8, 2024
Illuminated signage at a Banco Bilbao Vizcaya Argentaria SA (BBVA), right, and a Banco Sabadell SA, left, bank branch in Barcelona, Spain, on Wednesday.
FinanceSpain’s Sabadell rejects second BBVA takeover bid that would create a $75 billion bank
By BloombergMay 7, 2024
sergio ermotti
FinanceUBS earnings hit $1.8 billion as Credit Suisse acquisition starts to pay off
By Myriam Balezou and BloombergMay 7, 2024
Deutsche Bank staring down $1.4 billion fine as judge rules it might have underpaid for a 14-year-old acquisition by more than half
FinanceDeutsche Bank staring down $1.4 billion fine as judge rules it might have underpaid for a 14-year-old acquisition by more than half
By Ryan HoggApril 29, 2024
A NatWest Group Plc bank branch in the City of London, UK,
FinanceHigh interest rates aren’t helping banks as they did before—just ask NatWest, whose profits fell 27% in the first quarter
By William Shaw and BloombergApril 26, 2024
Yacht and glass of wine
SuccessJefferies CEO promises he’s still ‘extremely bullish’ despite selling $65 million in stock to buy himself a luxury yacht from a client
By Orianna Rosa RoyleApril 25, 2024
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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last yearplaceholder alt text
By Sydney LakeJune 25, 2026
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By Preston ForeJune 27, 2026
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