Stay updated with breaking news from Mitch Eitel. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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 delinquencies and competition from fintech companies.
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.
From Chrome Horse Society's private tequila tasting to Animal Haven's charity event that raised a million dollars, FEMAIL rounds up the week's hottest parties in NYC.