Bank officials are said to have been eager to provide the President’s financial documents to Congress.
As earning season kicks off, banks are again posting sluggish loan growth.
The bank’s move, to ramp up the benchmark rate by 6.25 percentage points, had long been resisted by President Recep Tayyip Erdogan.
A look at how Apple’s trillion-dollar value stacks up against other companies and entire industries.
Signature Bank is being investigated by New York regulators, with a focus on loans that may have violated laws intended to prevent predatory behavior.
Signature Bank’s close ties to the Trump and Kushner families have led to government scrutiny. New York regulators have opened an investigation.
JPMorgan Chase, Citigroup and PNC all reported another quarter of healthy profits on Friday. Loan growth isn’t keeping up.
Shares of the largest banks closed down Wednesday for the 13th straight trading day.
The announcement is the latest sign of the lender’s curtailed ambition, and comes about a month after it said it would shrink its operations in the United States and Asia.