Mitch Eitel News Today

U.S. bank profits are expected to shrink in the coming months, but the industry has regained its footing after the biggest bank failures since the 2008 financial crisis, analysts said. ... -November 16, 2023 at 03:00 pm EST - MarketScreener

By Lananh Nguyen, Nupur Anand and Pete Schroeder NEW YORK (Reuters) - U.S. bank profits are expected to shrink in the coming months, but the industry ...

NEW YORK (Reuters) -U.S. bank CEOs warned a slowing economy and rising geopolitical tension could weigh on earnings, but said the industry had regained its footing after the biggest bank failures since the 2008 financial crisis. "We think the banking industry's having a 10% decline in profitability ... notwithstanding three of the four largest bank failures in American history happening this spring, the industry's in good shape," but will have to weather rising loan delinque...

Mitch Eitel of Sullivan & Cromwell LLP's banking practice helped recover more than $7.3 billion in assets from collapsed cryptocurrency trading firm FTX, assisted in negotiating the merger between UBS and Credit Suisse and advised major financial institutions amid the spring banking crisis, earning him a spot as one of Law360's 2023 Banking MVPs.

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