Tariffs

Trucking, energy loans posing problems for BMO Financial

02/25/20

A spike in loan-loss provisions dragged down first-quarter profits at the Toronto company’s U.S. unit.

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U.S. banks on high alert as coronavirus spreads

02/04/20

The timing couldn’t be worse for ag and energy lenders as well as global banks, which were all counting on the Chinese market to help bolster commercial lending and fee income.

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Trump asks JPMorgan's Erdoes to say 'Thank you, Mr. President'

01/15/20

A smiling President Donald Trump thanked some of the biggest U.S. companies for about 10 minutes on Wednesday at the White House, where he was celebrating his trade deal with China. When it came to JPMorgan Chase, he asked for reciprocation.

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How JPMorgan plans to keep the momentum going

01/14/20

The country's biggest bank is leaning more on fee income to offset rate pressures, expanding in selected U.S. cities and laying the groundwork for operations in China that CEO Jamie Dimon hopes will endure “for 100 years.”

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Trade pact may give U.S. banks more freedom to operate in China

12/16/19

But some industry watchers are tempering expectations, saying that the language is too vague to know for sure if China is serious about introducing more foreign competition.

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‘Nobody has working capital’: Ag lenders lament trade war’s impact

11/12/19

So far farm loans are holding up well, but bankers gathered at an industry conference this week said they are growing increasingly concerned that credit quality will weaken if the U.S. and China don’t reach a deal soon.

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‘It’s time to be cautious’: Fifth Third CEO

10/22/19

Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets.

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GOP senator seeks hearing on Fed independence after Dudley op-ed

08/28/19

Sen. Thom Tillis of North Carolina called for the panel to hold a hearing on what he termed the danger that the Federal Reserve will meddle in the 2020 presidential election.

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Bankers turn curiously optimistic about the economy

08/19/19

Competition for deposits is tight, the outlook for loan demand is uncertain, and regulatory relief is slow-moving. Yet community bankers are feeling better about the economy than they have in two years, a Promontory Interfinancial Network survey found.

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Bank stocks take big hit as trade war fears escalate

08/05/19

China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.

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