Wells Fargo announced that a consent order issued by the U.S. Office of National Banking Supervision (OCC) has been lifted since 2016 due to problems with the bank's risk management and sales practices.。

Recently, the United States has released a new key indicator - Bank of America bull and bear index reading.。The latest reading of this indicator is 1.9, on behalf of the market has been in an "extremely bearish" state。In general, when the reading falls below 2.At 0, it means that the risk asset is already in an "oversold" state, and the rebound is bright ahead.。Historically, when this signal is triggered, global markets are likely to come out of a wave in the next three months, with a median upside of 5.4%, the upside for global stocks is 7.6%, while the upside for investment-grade bonds can reach a staggering 9.1%。This bull-bear index reading, compiled by Bank of America, combines a number of factors in the market to determine the overall emotional state of the U.S. stock market, including stock valuations, capital flows, and some popular technical indicators, and is fairly comprehensive.。The data plunge is due to the fact that equity markets have seen massive outflows for the second week in a row, with $4.6 billion outflows from developed markets and $600 million outflows from emerging markets.。The outflow of funds from the stock market represents more and more investors leaving the market, and the stock market is experiencing a wave of selling。As for the timing of the stock market rally, Bank of America's team believes the opportunity for a tactical rally will come at the end of the year.。In addition to the current overly pessimistic stock market, the team gave three reasons for the "oversold" of stocks, emerging market debt risk, high bond yields, and outflows from global equity funds.。The team said that at present, three-quarters of the "trading rules" have given a reverse buy signal.。

I thought the epidemic was over and the bitter days of the big American banks could come to an end, but I didn't think the nightmare of these big banks was just beginning.。Although the epidemic is over and the U.S. consumption and investment and labor markets are slowly recovering, the Fed's high interest rate policy is still taking off, strangling the U.S. economy, with U.S. banks bearing the brunt。Recently, according to a U.S. banking filing, the five largest U.S. banks, in addition to JPMorgan Chase, have cut a total of 20,000 jobs since this year, and the road to layoffs is likely to continue.。There are two reasons for these big bank layoffs, the first is the high interest rate policy in the United States that we just mentioned.。Don't underestimate the impact of high interest rates on banks, high interest rates will seriously impact the bank's lending business, raising lending rates, so that high interest rates on loans will scare off a large number of potential loan customers.。Loan interest income is an important source of bank income, if the income of this sector is greatly reduced, it is almost a disaster for banks.。The second reason is estimated that no one thought of another reason for the layoffs of major banks this year is that the employees of these banks have not changed jobs this year, resulting in the number of employees of these banks seriously exceeded expectations.。You know, job hopping is a common occurrence in Wall Street investment banks, and it's common to move to a better position after a few months in an investment bank, and very few people will work in a position for more than two years.。However, these employees seem to have agreed this year, that is, a radish a pit, to stay in their own station does not go.。The reason is still related to high interest rates, the financial situation is not good, Wall Street people are not willing to risk jumping to the next position, in case I am not as good as how to do？

JPMorgan CEO Jamie Dimon slams tougher capital rules proposed by US regulators。It could push more lending into private credit markets and have "unintended consequences" for the US economy.。

According to media reports, Fitch Ratings analysts recently said in an interview with the media that dozens of U.S. domestic banks will face the risk of a full downgrade, and warned that U.S. banks are already close to another turmoil。Fitch Ratings analyst Chris Wolfe (Chris Wolfe) said the number of banks facing a downgrade could include well-known banks such as JPMorgan Chase, or as many as 70.。Wolff said Fitch has the intention to signal to the market that bank ratings, while not yet a certainty, are indeed a potential risk。

On August 15, Fitch Ratings warned that the U.S. banking industry will face more "pain" in the future, and that the ratings of several U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the industry's operating environment.。

Fed launches real-time payment system that enables U.S. users to transfer money electronically。Federal Reserve Chairman Jerome Powell said in a statement released on July 20 that the new system makes daily payments faster and more convenient。

Since March this year, the closure of Silicon Valley Bank, Signature Bank and First Republic Bank has caused turmoil in the U.S. banking sector, triggering market concerns and stock price volatility.。On the 7th local time, Moody's, one of the three major international credit rating agencies, announced that it would downgrade the credit ratings of 10 small and medium-sized U.S. banks, and put the credit ratings of six large U.S. banks on the downgrade watch list, while the outlook for 11 U.S. banks was set as negative.。Affected by this, the New York stock market on August 8, the three major stock indexes fell across the board, bank stocks suffered a heavy setback。

Some time ago, the sudden collapse of Silicon Valley banks caused a "financial storm" in the global banking industry, and even Credit Suisse, a major international bank, could not escape from it.。Now, in addition to the Silicon Valley Bank, the Signatory Bank and the First Republic Bank, another bank in the United States is "shaky."。