Banking profits hit record as tax cut fuels growth
U.S. banks posted a record 62 billion in third quarter profits, up 29 percent from a year earlier aided by a corporate tax cut. FDIC data show 71 problem banks, lowest since 2007, with more loans and service fees.
MENTIONED IN THIS ARTICLE
U.S
Congress
Federal Deposit Insurance Corp
FDIC
Jelena McWilliams
Donald Trump
Jpmorgan Chase
Goldman Sachs
House
Maxine Waters
D-Calif
House Financial Services Committee
Waters
Thanksgiving Week Deadlines Skip Stock Figures
The Gazette missed closing stock exchange figures for Wednesday due to early Thanksgiving production deadlines. U.S. markets are closed today for the holiday.
MENTIONED IN THIS ARTICLE
the Gazette
Stock Exchange
U.S
Recession risk grows as inverted yield curve looms
The piece argues a 2020 recession could come as the yield curve inverts signaling future rate cuts. It notes high corporate debt, leveraged loans, and CLOs risk amplifying a downturn, with regulators and markets misaligned and potential spillovers to households and profits.
MENTIONED IN THIS ARTICLE
Paul Krugman
Center For Economic and Policy Research
Dean Baker
Federal Reserve
Usu
Ally
Bloomberg Opinion
Noah Smith
International Monetary Fund
Fed
Janet Yellen
Paul Tudor Jones
Goldman credits Malaysia fraud case deepens with new lawsuits
Abu Dhabi sovereign funds IPIC and Aabar Investments sue Goldman Sachs in New York court alleging the bank paid bribes to fund officials to manipulate IMDB 1MDB dealings. The suit seeks damages while noting Goldman earned 593 million on three 2012 2013 bond sales totaling 6.5 billion.
MENTIONED IN THIS ARTICLE
Goldman Sachs
Malaysia
Abu Dhabi
International Petroleum Investment Co
Aabar Investments
IPIC
Aabar
IMDB
Finance Minis
Graseck
New York
United States
Also Mentioned on This Page
Los Angeles Times
TNS
U.S. House Financial Services Committee
Washington Post
Matt O’brien
Hedge Funds
U.S. Court of Appeals
District of Columbia
Steven Pearlstein
Reuters
Gazette
Terex
Cedar Rapids
Goldman
Ter
Alison Williams
Bloomberg Intelligence
Betsy Graseck
Morgan Stanley
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