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
Stock market today: Stocks dip following inflation data, drops for Disney, banks
Wall Street is dipping in early trading, weighed down by a sharp drop for Disney and flaring fears about U.S. banks
2023-05-11 21:55
Bain, Abu Dhabi Buy Stake in CI Financial’s US Wealth Unit
Canadian asset manager CI Financial Corp. is selling a 20% stake in its US wealth management unit to
2023-05-11 21:52
GM Envolve takes direct aim at Ford's fleet business
With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.'s lucrative fleet business. GM Envolve will work closely with large business and government fleet customers to tie them more closely to GM's other businesses.
2023-05-11 21:51
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 21:49
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 21:27
Flexiv and Cardinal Machine Join Forces to Combat Labor Shortages With Adaptive Robots
SAN JOSE, Calif.--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 21:21
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 21:20
Anticipating Orlando Residential Development Buildout, City of Mascotte Officials Visit Leading-Edge Onx Pod Factory
ORLANDO, Fla.--(BUSINESS WIRE)--May 11, 2023--
2023-05-11 21:20
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 21:16
White House wants to ban use of salary history in setting pay for new federal hires
Whether one's paycheck can keep pace with inflation is always a concern. But for women, the question is also can their pay keep pace with their male peers?
2023-05-11 20:56
US wholesale price data for April points to easing inflation pressures
Wholesale prices in the United States decelerated last month, the latest sign that inflationary pressures may be easing more than a year after the Federal Reserve unleashed an aggressive campaign of steadily higher interest rates
2023-05-11 20:54