Singapore central bank chief Menon re-appointed for 2 more years
(Repeats to add update to tagline. Text unchanged) SINGAPORE (Reuters) -Singapore's central banker Ravi Menon has been re-appointed in his
2023-05-12 15:58
Fed's Bowman calls for external review of Silicon Valley Bank oversight
By Pete Schroeder WASHINGTON Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an
2023-05-12 15:26
Audit finds holes in ECB's management of bank credit risk
FRANKFURT European Central Bank supervisors are often too lenient with banks in how they manage credit risk, especially
2023-05-12 13:29
Kasikornbank Halts Plans to Sell Asset Management Stake
Kasikornbank Pcl, Thailand’s second-biggest lender, has halted plans to sell a stake in its asset management business, according
2023-05-12 11:59
Yellen to discuss debt ceiling with bank lobby group - official
U.S. Treasury Secretary Janet Yellen will discuss the impasse over raising the government debt ceiling with board members
2023-05-12 09:16
SVB Financial fights FDIC over seized tax refunds
By Dietrich Knauth NEW YORK SVB Financial, the bankrupt former parent of failed Silicon Valley Bank, said on
2023-05-12 07:26
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
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
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
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