Banc of California set to merge with rival PacWest
PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.
2023-07-26 04:54
PacWest merges with Banc of California in all-stock deal
Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise
2023-07-26 04:27
GM to add battery module assembly to some North American EV plants
By Paul Lienert General Motors will begin assembling electric vehicle battery packs near its BrightDrop commercial van plant
2023-07-26 04:00
Banc of California in talks to buy PacWest Bancorp - WSJ
Banc of California is in advanced talks to buy PacWest Bancorp, the Wall Street Journal reported on Tuesday,
2023-07-26 02:51
Bond Traders Are Placing Even Odds on Post-July Fed Interest Rate Hike
Bond traders are again placing even odds on the prospect that the Federal Reserve’s widely expected interest-rate hike
2023-07-26 02:50
LVMH’s US Weakness Weighs on Sales as China Rebounds
LVMH’s US sales declined in the second quarter as a sluggish economy deterred some shoppers from buying its
2023-07-26 02:47
Bitcoin Retreat Puts Crypto’s 2023 Lead Over Stocks in Jeopardy
The crypto market’s once-handsome 2023 lead over stocks is cracking as Bitcoin holds a retreat below $30,000. The
2023-07-26 02:24
TCW to Buy Engine No. 1’s ETF Unit in First Deal for CEO Katie Koch
TCW Group, the asset manager with a long history of managing bond funds, is expanding into exchange-traded funds
2023-07-26 01:20
Lower production in Europe hits global steel output
LONDON Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first
2023-07-26 00:56
European Stocks on Longest Winning Streak Since Jan; Miners Jump
European shares rose for a sixth straight day, the longest streak since January, as miners rallied on China
2023-07-25 23:47
Barbenheimer could be the one-two movie punch that blasts away the superhero smash
Not only did the one-two punch of Barbie and Oppenheimer, crowned by America as "Barbenheimer," leave audiences enraptured this past weekend, but the double feature's opening box office performance could have seriously challenged the movie might of superhero blockbusters.
2023-07-25 21:53
Rate cut hopes outpace speed of global inflation decline: Reuters poll
By Hari Kishan BENGALURU Most central banks will cut interest rates in the first half of next year,
2023-07-25 21:46