Sally Bakewell

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Goldman Hints At More Dismantling Of Its Consumer Lending Business

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The firm said it would take another two years to just break even on the new division.

JPMorgan, Biggest U.S. Banks Slip With Wobbly Economic Outlook

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All of the lenders put aside more money to cover loans that might go bad.

Morgan Stanley CEO James Gorman Sees 50% Recession Risk

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The fallout could hurt some institutions with some “potentially fatally damaged,” he said.

Jamie Dimon Says JPMorgan Is Bracing Itself For Economic 'Hurricane'

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The Russian invasion of Ukraine and the Federal Reserve's policy have created storm clouds, Dimon said.

UBS Lifts Junior Banker Pay For A Second Time To Rival Wall Street

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UBS increased base salaries for first-year analysts to $110,000.

A Chasm Deepens In America's Credit Markets, Swallowing Smaller Firms

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The divide over access to corporate credit—who can get it, and who can’t—is likely to deepen.

Oaktree Deal Crushed A Leveraged Loan And Exposed Market's Woes

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Fitch Ratings projects 7% to 8% of leveraged loans will default by the end of 2021.

Much Of America Is Shut Out Of The Greatest Borrowing Binge Ever

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Intervention in the economy is widening the outcome gap between big companies and small companies.

Brawls Erupt in U.S. Debt Markets After Borrowers Get Desperate

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A massive wave of corporate distress is pitting beleaguered companies against their lenders.

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