PacWest Bancorp’s stock jumped more than 38% in after-hours trading Tuesday after the company said it had agreed to be acquired by Banc of California Inc. in an…
Read more PacWest stock rockets nearly 40% after Banc of California confirms plan to buy troubled bank“‘It’s not like a credit crunch.’” — Jamie Dimon While it will be more expensive for banks to deploy capital this year, talk of a possible credit crunch…
Read more Jamie Dimon discourages use of term credit crunch on call with analystsThe collapse of Silicon Valley Bank sent shockwaves through the global economy and had the makings of another crisis. Depositors raced to withdraw money. Banks worried about the…
Read more Sen. Sherrod Brown: American consumers losing power over their savings and paychecks is an emergency, too.The Federal Reserve will meet on Wednesday and, for once, the outcome is unclear. This is the most uncertain Fed meeting since 2008, said Jim Bianco, president of…
Read more The Fed will either pause or hike interest rates by 25 basis points. What are the pros and cons of each approach?Bank of America BAC, Citigroup C, JPMorgan Chase JPM and Wells Fargo WFC said Thursday that they are each making $5 billion in uninsured deposits into First Republic…
Read more First Republic gets $30 billion in deposits from 11 major U.S. banks, but stock resumes slide as it suspends dividendU.S. bank stocks ended regular trading with solid gains on Thursday, as banks announced a $30 billion deposit capital infusion for First Republic Bank and as Treasury Secretary…
Read more U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First RepublicShares of regional banks posted big gains on Tuesday as they regained their footing after huge losses in the previous session, but volatility continued in the sector following…
Read more First Republic and Western Alliance pace big rebound in regional-bank stocks after huge lossesTrading in shares of First Republic Bank and Western Alliance Bancorp ended sharply lower in a tough day of trading for regional banks as fears over bank solvency…
Read more Western Alliance and First Republic clobbered as regional bank jitters persist despite Fed backstopsHeavy trading in SVB Financial Group’s SIVB, debt pulled its BBB-rated 10-year bonds as low as 31 cents on the dollar on Friday after subsidiary Silicon Valley Bank…
Read more SVB Financial bonds sink to 31 cents on the dollar after failure of Silicon Valley Bank
