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
Hindenburg shorts Icahn Enterprises bonds as battle with billionaire heats up
(Reuters) -Short seller Hindenburg Research on Thursday took a short position in Icahn Enterprises LP bonds and said the investment
2023-05-11 21:25
Dimon ‘So Sad’ Over JPMorgan’s Epstein Ties Ahead of Deposition
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he regretted his bank’s ties to Jeffrey Epstein
2023-05-11 21:25
JD’s CEO Exits After a Year at the Helm as Growth Dwindles
JD.com Inc.’s chief executive officer is departing after about a year at the post, a surprise move that
2023-05-11 20:27
Electric vehicle maker Polestar lowers production guidance, cuts jobs
STOCKHOLM Swedish electric vehicle (EV) maker Polestar said on Thursday it had lowered its 2023 production guidance and
2023-05-11 19:56
Prada's sales up 22% in the first quarter on robust growth in Asia, Europe
MILAN Sales at Italian luxury group Prada rose 22% in the first quarter, to 1.065 billion euros ($1.17
2023-05-11 19:56
Why Man Utd fans wear yellow and green scarves
Manchester United fans are often seen with yellow and green scarves as a symbol of protest against the Glazer ownership, but where did they come from?
2023-05-11 19:53
PacWest Deposits Dropped 9.5% After Report of Investor Talks
PacWest Bancorp said deposits fell 9.5% last week after a news report that the lender was in talks
2023-05-11 19:48
Abcam Founder Pushes for Better Performance at Biotech
Abcam Plc founder Jonathan Milner is pushing for better performance at the biotechnology supplier he started 25 years
2023-05-11 19:27
BlackRock Overhauls Leadership of Credit, Private Asset Business
BlackRock Inc. is shaking up its alternatives business, with roughly $300 billion of assets, as the firm seeks
2023-05-11 19:25
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
Tapestry raises annual profit forecast on higher prices, strong demand
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong demand for its
2023-05-11 18:58