Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more
MAR 20, 2023 - 7:22 am
GE completed the sale of GE Asset Management, the company’s investment management arm, to State Street. read more
JUL 5, 2016 - 6:32 am
State Street will acquire GE Asset Management, GE’s investment management arm, for up to $485 million, subject to adjustments. The sale is expected to close in Q3/16. read more
MAR 31, 2016 - 7:30 am
Bloomberg reported that JPMorgan Chase, Bank of America and Wells Fargo are among eight large U.S. banks that had credit grades cut one level by Standard & Poor’s on the prospect that the U.S. government is less likely to provide aid in a crisis. read more
DEC 3, 2015 - 7:21 am