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Hurricane Dimon: JP Morgan and Morgan Stanley Miss, the Markets Fall

Hurricane Dimon: JP Morgan and Morgan Stanley Miss, the Markets Fall

Profit declined by 28% for second quarter for America’s largest bank while earning was 12 cents short of most analyst expectations
Kansas City Fed CEO warns of rate rise “oversteering”

Kansas City Fed CEO warns of rate rise “oversteering”

Esther George has warned these could create strains and undermine the Fed’s ability to deliver on the higher path of rates communicated
CFPB to Review ‘Excessive’ Credit Card Penalty Charges

CFPB to Review ‘Excessive’ Credit Card Penalty Charges

The bureau will investigate “excessive” profitability from late fees that cost customers $12 billion a year
CFPB Requests Public Input to Improve Bank Customer Service

CFPB Requests Public Input to Improve Bank Customer Service

The organization seeks to guarantee the “legally enshrined right” to adequate customer service
19 Banks Added to Russell 3000 Index

19 Banks Added to Russell 3000 Index

Shore United Bank, BCB Bank and First Guaranty Bank are among the new entrants
Markets Recover but With a Backdrop of Jamie Dimon’s “Hurricane”

Markets Recover but With a Backdrop of Jamie Dimon’s “Hurricane”

A warning from the head of America’s largest bank, JPMorgan Chase
US Banker Bonuses Set to Drop Following Weak Revenues

US Banker Bonuses Set to Drop Following Weak Revenues

A poor first quarter could mean a weaker 2022, according to S&P Global Market Intelligence
New CEOs for Farmers and Merchants, HomeTrust Banks

New CEOs for Farmers and Merchants, HomeTrust Banks

Senior appointments also made at PNC, Fulton Bank, Coastal Community Bank and 1st Security Bank
FDIC: Banks Remain Strong but Face ‘Significant Uncertainty’

FDIC: Banks Remain Strong but Face ‘Significant Uncertainty’

Quarterly report shows combined income across the sector fell by $17 billion in the first quarter of 2022
Banks, Insurers ‘Struggling to Retain and Recruit Staff’

Banks, Insurers ‘Struggling to Retain and Recruit Staff’

Staff turnover increased 35% year-on-year, on average, according to WorkFusion
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