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
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 23:26
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 23:17
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 21:54
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 21:45
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 21:17
Bank of England hikes interest rates for 12th time in battle with inflation
The Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking for the twelfth consecutive time as it battles inflation above 10%.
2023-05-11 19:21
SoftBank posts $7.18 billion annual loss as Vision Fund slides further
TOKYO (Reuters) -Japan's SoftBank Group Corp reported an annual net loss of 970 billion yen ($7.18 billion) for the year
2023-05-11 14:26
First Citizens BancShares records $9.8 billion gain from Silicon Valley Bank purchase
First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its
2023-05-10 22:53
U.S. prosecutors look at short selling in bank shares - source
By Chris Prentice NEW YORK Federal prosecutors in Washington are looking into short seller activity around the recent
2023-05-10 18:49
Bank of America opens Luxembourg branch in Europe funds push
LONDON Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a
2023-05-10 14:23
SoftBank investors focus on Arm IPO at Q4 earnings
By Sam Nussey and Kiyoshi Takenaka TOKYO SoftBank Group Corp reports earnings on Thursday amid an uptick in
2023-05-10 11:22