European banks haven't suffered the deposit outflows that afflicted their US peers, making the collapse of Credit Suisse Group AG look like a one-off. Evidence from the first-quarter results of Barclays Plc and Deutsche Bank AG on Thursday, as well as numbers from Spain’s Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA, shows limited movements on deposits either from smaller to larger lenders or from weaker to stronger banks. Like their US peers, the Europeans enjoyed strong growth...

In 2022, the world of US banking got weird. Four big names unveiled their full-year results Friday, led by JPMorgan Chase & Co., and amid all the global macroeconomic fog the base story remains very familiar: Consumers are doing fine even as financial markets and investment bankers are stumbling through a waking nightmare. Investors can be forgiven for being unsure what to make of it all. Labor markets are robust and ordinary folk are still happily spending on holidays and entertainment —...

JPMorgan Chase and other established players are no longer staying on the sidelines. Paul J. Davies is a Bloomberg Opinion columnist covering banking and finance. Previously, he was a reporter for the Wall Street Journal and the Financial Times. @PaulJDavies What to Expect in 2023: The health of borrowers is the key concern for all of finance in the coming year. An optimistic view would be that inflation is quickly brought under control without interest rates rising too much higher; and any...

Just like Facebook’s Metaverse, stress testing banks for climate-change risks is mostly fantasy. There is a lot that lenders and regulators still need to build to realize this vision. Unlike Mark Zuckerberg’s parallel life, it really matters in the real world if banks don’t develop the right tools. Big European banks supposedly face their first thorough climate-risk stress tests next year. The European Central Bank has produced an extensive spreadsheet for lenders to fill in. It has a long...

Wirecard provided payment software and equipment to merchants to process customer credit-card payments, as well as issued cards. The Singapore shutdown isn’t likely to cause major disruptions since it had a limited client base, many of whom have backup providers. Wirecard has until Oct 14 to return customer funds. The German fintech collapsed into insolvency in June after admitting that more than $2 billion of cash it had reported on its balance sheet probably didn’t exist. It employed more...