The Banking Crisis In The US Is Not Yet Over – Analyst
One banking analyst interviewed by CNBC says the US banking crisis is not over yet, and the weakness in the US financial sector may be far more profound than either…
Midsized Regional Lenders See Selloffs As First Republic Collapse Spooks Investors
On Tuesday, shares of several US regional banks plunged, following the collapse of First Republic Bank, the latest casualty of the United States’ banking crisis, which some reports are saying…
FDIC Seeks Bids For First Republic Ahead of Receivership, JP Morgan To Buy
It has been announced Monday morning that JP Morgan will acquire First Republic. According to an FDIC statement, JP Morgan will recover all of the bank’s deposits, as well as…
Government Seeks To Arrange A Private Sector Rescue Of First Republic
On Friday, Reuters reported that after an infusion of $30 billion in deposits by 11 major Wall Street banks failed to save it, government officials are now scrambling to rescue…
Government Organizing Talks On New First Republic Bank Deal To Save Lender From Seizure
On Thursday, Reuters reported that three sources familiar with the matter confirm that US officials are organizing urgent talks seeking to rescue First Republic Bank (FRC.N) as private sector talks…
Capital One Profits Come In Worse Than Feared
Image of Capital One Bank headquarters courtesy of Wikipedia On Thursday consumer lender Capital One Financial Corp posted first quarter profits which missed estimates, as an increase in provisions…
First Republic Plunges After Q1 Earnings Report Shows Massive Deposit Outflows
On Tuesday, shares of First Republic Bank dropped sharply, as investors asked how the bank would move forward after seeing 40% of its deposits flow out over the course of…
Legacy Litigation Takes 52% Off UBS’s First Quarter Profits
On Tuesday, UBS Group AG reported profits would take a 52% hit in the first quarter due to increases in provisions for a legacy litigation matter. The result comes at…
New European Instant Payment System Advances
A new initiative to offer instant payments throughout Europe starting by the end of 2023, the European Payments Initiative (EPI), announced on Tuesday that it has picked up two payment…
Morgan Stanley Says The Credit Crunch Has Begun
Morgan Stanley’s top stock strategist Mike Wilson says the collapse of Silicon Valley Bank and the subsequent banking crisis, have set off a credit crunch in the US. He cited…
