Banking News

• Suns likely to fetch record sale price, bankers say
  
  Investment bank officials told ESPN that the sale of the Phoenix Suns will likely surpass the NBA-record $2.35 billion paid for the Brooklyn Nets in 2019.
  ESPN.  Tuesday, 4 Oct 2022.
• Time to Invest in this Big Bank Stock During High Inflation?
  
  While mortgage loans may continue to decline, banks that can keep loan volume up through personal loans, credit cards, and commercial banking have a chance to thrive in current economic conditions.
  Zacks.  Tuesday, 4 Oct 2022.
• JPMorgan (JPM) Plans to Go Global With Digital Retail Bank
  
  JPMorgan (JPM) is set to expand its retail banking operations globally with plans to launch a digital-only bank across several countries.
  Zacks.  Tuesday, 4 Oct 2022.
• Credit Suisse crash to a record low amid market turmoil
  
  Traders and bankers rushed to buy Credit Default Swaps (CDS) - an insurance tool if the company goes bust - after its share price dropped by 10 per cent.
  Daily Mail.  Monday, 3 Oct 2022.
• Los Angeles real estate developer arrested in murder-for-hire plot
  
  L.A.-based developer Arthur Aslanian has been arrested for attempting to hire a hit man to kill a banker and an attorney that he collectively owed about $3.25 million, the Los Angeles Times reported on Friday.
  Inman.  Monday, 3 Oct 2022.
• What happens when all the banks leave town?
  
  Could a new "banking hub" solve the problems caused by the departure of five banks from Brechin?
  BBC News.  Sunday, 2 Oct 2022.
• How To Build A Stronger Relationship With Your Banker
  
  Building this type of strong, trusting relationship can enable you to grow your business in ways you never dreamed of.
  Entrepreneur.  Friday, 30 Sep 2022.
• Doorstep murder: Police have new man in sights over banker shooting
  
  The development comes after a flurry of activity in the hunt for the killer of banker Alistair Wilson.
  BBC News.  Friday, 30 Sep 2022.
• Stocks Drop as Focus Shifts Back to a Potential Recession
  
  Investors are worried about a global slowdown as central bankers take a hard line against inflation, looking to cool the economy by raising interest rates.
  New York Times.  Thursday, 29 Sep 2022.
• Los Angeles Chargers Roll The Dice With Rookie Jamaree Salyer At Left Tackle Against The Houston Texans
  
  The Los Angeles Chargers are banking on one of their lowest-paid players to help them rebound against the Houston Texans on Sunday.
  Forbes.  Thursday, 29 Sep 2022.
• Did Truss and Kwarteng's mini-budget fall foul of the autumn curse? | Adam Boulton
  
  The poet and banker T S Eliot got it wrong - April is not the cruellest month when it comes to financial crises. Autumn is crueller.
  Sky News.  Thursday, 29 Sep 2022.
• Banks Accuse Consumer Regulator of Abuse of Power
  
  Several banking trade groups have sued the Consumer Financial Protection Bureau, claiming it has exceeded its authority with anti-discrimination enforcement.
  New York Times.  Wednesday, 28 Sep 2022.
• Make Saving Fun Again With Yotta
  
  Save money and win cash prizes with Yotta's unique banking model.
  Entrepreneur.  Wednesday, 28 Sep 2022.
• Chancellor holding meeting with bankers as fallout from mini-budget continues
  
  Chancellor Kwasi Kwarteng is due to meet bankers today in an effort to calm nerves after his mini-budget spooked the markets and sent the pound crashing.
  Sky News.  Wednesday, 28 Sep 2022.
• Mortgage market turmoil continues: HSBC and Santander suspend new deals and Nationwide hikes rates
  
  The three banking giants, along with Lloyds, which today also paused some of its products, account for around half of the mortgage market in Britain.
  Daily Mail.  Tuesday, 27 Sep 2022.

Banks News Headlines and News Summaries