PacWest shares plunge after it reports drop in deposits
By Niket Nishant and Chibuike Oguh (Reuters) -Shares of PacWest Bancorp plunged 23% on Thursday after the Los-Angeles-based lender said
2023-05-12 04:54
JPMorgan Chase CEO Jamie Dimon says Trump doesn't understand the debt ceiling
JPMorgan Chase CEO Jamie Dimon sharply criticized former President Donald Trump on Thursday, saying the 2024 presidential candidate doesn't understand the debt ceiling and what is at stake. It is just "one more thing he doesn't know very much about," Dimon told Bloomberg Television.
2023-05-12 02:46
Ramaphosa Says South Africa Probing US Allegation That it Supplied Arms to Russia
South African President Cyril Ramaphosa instituted an inquiry into allegations that the country supplied weapons and ammunition to
2023-05-12 01:53
As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
If the current banking crisis looks like '08, sounds like '08 and feels like '08, is it '08 all over again? Using abductive reasoning, the answer is yes.
2023-05-12 01:52
Biden Campaign to Cut Power Emissions Spares Most Gas Plants
The Biden administration is cracking down on planet-warming pollution from the US electric sector with proposed requirements that
2023-05-11 23:52
Big banks could face billions more in FDIC fees after bank collapses
The Federal Deposit Insurance Corporation's board of directors approved a proposal to raise the fees banks pay to have depositors' money insured.
2023-05-11 23:16
Blackstone, Apollo were among about 20 bidders for SVB's assets
(This May 10 story has been corrected to fix the bids closing to March 24, not March 10, in paragraph
2023-05-11 23:16
Dimon Jabs at Trump on Debt Ceiling, Says JPMorgan Has War Room
JPMorgan Chase & Co.’s Jamie Dimon took a jab at Donald Trump for encouraging Republican lawmakers to dig
2023-05-11 22:57
Fed’s Kashkari Says Inflation Too High, Wages Softened Somewhat
Federal Reserve Bank of Minneapolis President Neel Kashkari said price pressures remain too hot, even as officials assess
2023-05-11 22:49
PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
2023-05-11 21:56
FDIC board to discuss special assessment fees for banks
The board of directors of the Federal Deposit Insurance Corp (FDIC) will meet on Thursday to consider special
2023-05-11 21:49
Deposit outflows after SVB collapse concentrated among 'super-regionals' - NY Fed study
By Howard Schneider WASHINGTON (Reuters) -Bank deposit withdrawals following the collapse of Silicon Valley Bank were concentrated in around 30
2023-05-11 21:16