Banks pay savers more as ‘higher-for-longer’ rates hit interest income ft.com/content/b4779e… via @ft Stephen Gandel

CRE bubble watch: Bank of America, which just filed its Q1 report, had more delinquent commercial real estate loans, but, once again, cut their allowance to cover bad CRE debts.

.Dennis Kelleher spoke to the Financial Times’s Brooke Masters Stefania Palma Stephen Gandel about an @FDIC proposal aimed at ensuring asset managers do not seek too much influence over the banks in which they hold large stakes.
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Citigroup CEO Jane Fraser: 'The market is too benign about the macro risk factors out there.'

This is more like quarterback on Monday morning of the following year. He's quarterbacking the game from last season. And forgetting how he played his own game.

Big surprise was pace of job cuts. CFO says 7,000 employees have been notified that their jobs have been eliminated, about 2,000 more than the bank had previously said would be eliminated in first round.

Here’s my story, from last year, on IntraFi and the rise (and rent seeking) of reciprocal deposits. ft.com/content/5ff8b9…

Who's the lender who finally agreed to put up the $175mn bond for Donald Trump in his NY fraud case? An L.A. auto-loan billionaire who's given to GOP causes and had a run-in with the @CFBP. Stephen Gandel has some great detail on Don Hankey: ft.com/content/beaae3…

Hey there's still an appeal to be filed

Should we just assume all college aid start-ups are frauds? Any reason why this is a good area to be fraudy? nytimes.com/2024/03/25/tec…

Warren Buffett in one of low points of his career got a phone call out of the blue with help. Previously untold anecdote from an obituary of another former Wall Street titan who died this week. on.ft.com/43ADxz6

When four insurance brokers and 30 insurers can't get it done... Joe Miller reports
'Donald Trump’s lawyers say he cannot raise $464mn bond in New York fraud case'
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Tom Naratil, the former head of UBS's US business, is part of a new blank-cheque company aiming to scoop up failed US banks

Stephen Gandel with the story here 👇

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As a non-deals reporter, stories about deals that either haven’t happened yet and won’t or never did are like two-thirds of what M&A reporters write. No?

The FDIC is set to report its official quarterly profit numbers for all banks at 10 am. FT reported the preliminary numbers from raw data nearly a month ago. Here's what we got:
ft.com/content/f102d5…

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