Citigroup Hires Bofa's Andy Sieg As Head Of Global Wealth - Bloomberg
Citigroup (C) Hires Bofa's (BAC) Andy Sieg As Head Of Global Wealth - Bloomberg
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Bank Chaos Tests Traders’ Nerves and Rewards Those Doing Nothing
(Bloomberg) -- The plot twists in markets have lately been riveting. The urge to react has been intense. Doing so has mostly been a mistake. It’s still early, and things can get fluid when...
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Bank of America removed from Wells Fargo signature list as Fed rate hike catalyst is now less so
By Sam Boughedda Wells Fargo removed Bank of America (NYSE:BAC) from its Signature Picks list in a note Wednesday but maintained an Overweight rating on the stock. In addition, the firm...
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First Republic Bank shares climb amid report of possible government backstop
By Scott Kanowsky Investing.com -- Shares in First Republic Bank (NYSE:FRC) rose in U.S. premarket trading on Wednesday, as negotiators in Washington and on Wall Street reportedly...
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$400 bn is the cost to rescue teetering global banks
London, March 20 (IANS) Lenders of last resort — central banks — and some of the industrys strongest players provided huge sums of emergency cash to support teetering banks since the global...
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First Citizens considering to buy collapsed SVB: Report
San Francisco, March 19 (IANS) As Wall Street giants move to end the spiralling banking crisis in the US, First Citizens BancShares Inc is reportedly considering making an offer to acquire...
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Silicon Valley Collapse Led U.S Traditional Banks to Risk?
Over 186 banks were at risk as Silicon Valley.Wall Street banks to lose nearly $165 billion in market cap. In the aftermath of the Silicon Valley Bank (SVB) collapses on March 10, 186...
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First Republic shares slump as concerns over banking system remain
By Scott Kanowsky Investing.com -- Shares in First Republic Bank (NYSE:FRC) shed nearly a fourth of their value on Friday as analysts warned of financial pains ahead for the regional...
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Dow futures fall 85 pts; Michigan consumer sentiment index due
By Peter Nurse Investing.com -- U.S. stocks are seen opening in a mixed fashion Friday, consolidating following the previous session’s relief rally after a group of large lenders...
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JPM reiterates First Republic Bank as its Top Pick, sees 'considerable upside'
By Senad Karaahmetovic JPMorgan analysts reiterated an Overweight rating and the Top Pick designation on the embattled First Republic Bank (NYSE:FRC). The analysts are growing...
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US banks launch $30bn rescue of First Republic to stem crisis
New York, March 17 (IANS) Wall Street giants have moved to end the USs spiraling banking crisis by agreeing to prop up troubled First Republic, a mid-sized bank whose shares have been...
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BofA, JPMorgan lead bank group to infuse First Republic with $30B in deposits
By Scott Kanowsky and Liz Moyer Investing.com -- JPMorgan Chase & Co (NYSE:JPM) and Bank of America Corp (NYSE:BAC) lead a group of big banks injecting a dose of confidence in First...
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Consumer sentiment, quarterly convergence, superhero debt: 3 things to watch
By Liz Moyer Investing.com -- U.S. stocks surged in late trading after a group of large banks organized to bolster First Republic Bank (NYSE:FRC), whose stock had been pounded in recent...
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SVB Collapse, Other Banks' Gain: Bank of America, JPMorgan, Citi, Wells Fargo Gain New Deposits
Bank of America has mopped up more than $15 billion in new deposits in the past few days
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Delay in IMF deal may cause Pakistan to pause repayments
Washington, March 14 (IANS) Pakistan will need to pause debt repayments if it does not secure funding from the International Monetary Fund (IMF) soon enough, a US bank warned as diplomatic...
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Financial Select Sector SPDR ETF Hits Low, Down 1.4%
Financial Select Sector SPDR ETF (NYSE:XLF) Hits Low, Down 1.4%
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A Little Heat in Jobs Report Would Give Fed Green Light to Bigger Rate Hike
(Bloomberg) -- Federal Reserve Chair Jerome Powell said returning to big interest-rate hikes depends on more than just Friday’s jobs report, but economists reckon just a little strength in...
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Three Years After Covid Hit, Restaurants Are Still Desperate for Workers
(Bloomberg) -- Americans are rushing back to restaurants after staying away during the pandemic. To catch that demand, chains are opening thousands of new locations. It has the makings of a...
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Bank of America shares downgraded to hold at Odeon
By Senad Karaahmetovic Odeon Capital Group analysts downgraded Bank of America (NYSE:BAC) shares to Hold from Buy, citing several reasons. They believe BAC could see its loan growth slow...
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Occidental shares rise after Buffett's Berkshire Hathaway increases stake
By Scott KanowskyInvesting.com -- Shares in Occidental Petroleum Corporation (NYSE:OXY) gained nearly 3% in premarket U.S. trading on Wednesday after billionaire Warren Buffett's Berkshire...
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Occidental shares rise after Buffett's Berkshire Hathaway increases stake
By Scott Kanowsky Investing.com -- Shares in Occidental Petroleum Corporation (NYSE:OXY) gained nearly 3% in premarket U.S. trading on Wednesday after billionaire Warren Buffett's Berkshire...
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Goldman's Solomon Is More Confident the Fed Can Avoid a Deep Recession
(Bloomberg) -- Goldman Sachs Group Inc (NYSE:GS). Chief Executive Officer David Solomon said there’s a “meaningfully higher” chance of a soft landing for the economy now than there was...
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Bank of America clients are back to buying stocks; tech sees biggest inflows
By Senad Karaahmetovic Last week, when the S&P 500 rallied 1.9%, Bank of America's (NYSE:BAC) clients were net buyers of U.S. equities (roughly $700 million) for the first time in four...
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Aparna Kuppuswamy joins IPO-bound BharatPe Group as Chief Risk Officer
New Delhi, Feb 20 (IANS) Fintech major BharatPe Group on Monday announced to appoint industry veteran Aparna Kuppuswamy as its Chief Risk Officer, who will help the compay get prepared...
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JPMorgan Strategists Say Stock Rally Will Fade
(Bloomberg) -- Stock investors that have turned too optimistic about the economic outlook are setting up for disappointment, according to JPMorgan Chase & Co. (NYSE:JPM) strategists. It’s...
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Fed Swaps Price in March and May Rate Hikes, Expect Peak at 5.3%
(Bloomberg) -- Wall Street traders fully priced in quarter-point increases at both of the Federal Reserve’s next two meetings — and a higher eventual peak for interest rates. The May...
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Bank of America plans job cuts in its investment bank
The number of cuts, which are still being discussed, could affect less than 200 bankers globally, the report added citing people familiar with the matter.
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