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FDIC: US bank deposits dropped by most in 39 years to start 2023
Yahoo Finance· 1 year agoThe regulator said thousands of banks lost $472 billion in deposits during the first quarter, the...
Why is 2023's bank turmoil largely a West Coast thing?
Yahoo Finance· 1 year agoInvestors are still betting against a number of banks in the western half of the country. Some of...
IMF calls for Fed to raise rates further — 'The job is not quite yet done'
Yahoo Finance· 1 year agoThe International Monetary Fund said Friday in a new report that the US can avoid a recession this...
New York City is withholding new deposits at five banks accused of inaction on discrimination
Quartz via Yahoo! Philippines News· 1 year agoNew York City is taking its business away from banks that lack anti-discrimination plans. Following...
Silicon Valley Bank CEO Greg Becker: 'I am truly sorry'
Yahoo Finance· 1 year agoFormer Silicon Valley Bank CEO Greg Becker intends to tell US lawmakers Tuesday that no bank could...
SoftBank Vision Fund yearly loss widens to $32B on startups valuation cut
TechCrunch via Yahoo! Philippines News· 1 year agoThe loss surged about 70% from the same period a year prior, when SoftBank had reported $19 billion...
Investors await Warren Buffett's bank breakdown at Berkshire Meeting: Morning Brief
Yahoo Finance· 1 year agoThis is The Takeaway from today's Morning Brief, which you can receive in your inbox every Monday to...
Powell: First Republic seizure 'important' step to drawing 'line under' bank stress
Yahoo Finance· 1 year agoFederal Reserve Chair Jerome Powell said Wednesday that the seizure of First Republic and the sale...
Federal Reserve expected to raise interest rates 0.25%, investors debate next steps
Yahoo Finance· 1 year agoFor months now, investors have debated whether the Fed would be done raising interest rates. As...
US regulators seize First Republic and sell 'substantially all assets' to JPMorgan in largest bank...
Yahoo Finance· 1 year agoRegulators seized First Republic (FRC) early on Monday and sold the bulk of the bank's operations to...