{
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Bank of America expands Swiss banking team amid Credit Suisse fallout

Bank of America has doubled its banking team in Switzerland, capitalizing on opportunities following the collapse of Credit Suisse. CEO Brian Moynihan noted the rapid expansion aims to serve both small and international Swiss businesses amid a backdrop of stricter banking regulations. Other foreign banks are also increasing their presence in the Swiss market as the government pushes for higher capital requirements for major players like UBS.
Boursorama
United States Dollar Euro Swiss Franc Raiffeisen-Osteuropa-Rent Bank of America Corporation PostFinance Fonds 3 BNP Paribas SA Deutsche Bank RV Global PP Zürcher Kantonalbank Citigroup Inc. CHE Bernard Mensah Saeed Azhar Niket Nishant Sergio Ermotti Brian Moynihan Show more
Business & Industry, News Article
18:20 12.02.2025

us banks report resilient consumer spending amid inflation concerns

U.S. consumers showed resilience in Q3, with solid spending reported by JPMorgan and Wells Fargo, despite inflation concerns affecting lower-income Americans. Both banks increased provisions for potential loan losses, indicating caution amid economic uncertainty, while credit card spending remained robust.
Reuters
United States Dollar JPMorgan Chase & Co. Bank of America Corporation Wells Fargo & Company Citigroup Inc. USA Manya Saini Nupur Anand Niket Nishant Megan Davies Show more
TradFi, News Article
00:55 12.10.2024
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