US banks

While higher longer-term bond yields can be a benefit to net interest income growth and margins for lenders, they can also signal additional pressure on consumers and slow the pace of borrowing.

Investor confidence in making big macro calls dwindled this year as economic data surprises whiplashed bets on interest rate cuts from the world’s major central banks.

However, other factors such as loan demand, credit risk, inflation will have a greater influence on the sector's performance.

The transaction is expected to close in late 2024 or early 2025.

The impact of China’s slowing growth and US bankers’ concerns are increasingly visible in banks’ quarterly reports.

The FDIC said that the number of lenders on its confidential “Problem Bank List” increased by four to 43 between January and March

“This is getting near the end of it, and hopefully this helps stabilise everything,” says JPMorgan CEO Jamie Dimon.

IMF says that the banking sector is not clear from the turmoil and may drag global economic growth

JPMorgan Chase & Co.'s CEO also said it’s OK for a bank to fail if contagion to other lenders can be prevented.

"The banking system is not in any type of conventional crisis"