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Asset Liability Management

All articles tagged with #asset liability management

finance2 years ago

Citi CEO Jane Fraser on US Banking, Property Fears, and Debt Ceiling Debate

Citi CEO Jane Fraser says the US banking system is strong and safe, despite JPMorgan's acquisition of First Republic Bank, which she believes will help calm markets. Fraser remains focused on transforming her global bank, while JPMorgan's purchase of First Republic will bolster its presence in wealth management. The acquisition marks the largest bank failure since the 2008 financial crisis, but Fraser believes the overall US banking system is strong and safe.

via Yahoo Finance|
#asset-liability-management#citi#finance
finance2 years ago

US Banks Brace for $521 Billion Deposit Drop and Bolster Reserves Amid Economic Uncertainty.

The largest US banks are expected to reveal a $521 billion drop in customer deposits from a year earlier, the biggest decline in a decade, as customers flock to products offering higher rates and money market funds. The coming first-quarter disclosures from the big banks could intensify concerns about deposit-mix and, should lenders miss expectations, set off more inquiries about the health and future of the industry. Banks are also facing scrutiny over their earlier decisions on how and where they invested their excess cash, as the value of those assets fell due to the Fed's push to raise rates.

via Yahoo Finance|
#asset-liability-management#deposits#finance