Is the worst now over for America’s banks?

Is the worst now over for America’s banks?
JPMorgan Chase, with US$3.7 trillion in assets, is doing well. (Image: Getty)
The Economist
After a hurricane has passed, there is a period of calm that can feel euphoric. Survival is no longer at stake. Then, once the relief fades, it is time to assess the damage. What destruction has been wrought? How difficult will it be to recover? The sequence will be familiar to anyone who has been paying attention to American banks this year. In the days that followed the sudden failure of Silicon Valley Bank (SVB), once the country’s 16th-largest lender, as well as two other banks, panic and fear ripped through the financial sy...

More World

GM profit shrinks after US$1.1 billion tariff hit
World

GM profit shrinks after US$1.1 billion tariff hit

Automaker warns tariff impact will be greater next quarter; stock price tumbles.

Universal Music Group files for public offering
Technology

Universal Music Group files for public offering

The music conglomerate filed a confidential registration statement with the SEC.

Big Tech ‘acquihiring’ is an ugly but useful trend
Technology Opinion

Big Tech ‘acquihiring’ is an ugly but useful trend

Sometimes actions lead to unintended consequences.

Bloomberg 19 Jul 2025
US inflation picks up to 2.7%
World

US inflation picks up to 2.7%

Economists are split on how much tariffs will affect prices in the coming months.