
JPMorgan Tells 1,000 First Republic Staffers They'll Lose Jobs - Bloomberg
JPMorgan (NYSE:JPM) Tells 1,000 First Republic Staffers They'll Lose Jobs - Bloomberg
JPMorgan (NYSE:JPM) Tells 1,000 First Republic Staffers They'll Lose Jobs - Bloomberg
Investing.com - The U.S. banking crisis, which has claimed a few victims since March, is the direct result of the Fed's fight against high Inflation. Uncertainty about the health of regional...
Investing.com -- Stocks in focus in premarket trade on Monday, May 22nd. Please refresh for updates. Micron (NASDAQ:MU) stock fell 4.3% after China prohibited major local infrastructure...
JPMorgan Chase & Co (NYSE:JPM) said today that it expects its net interest income (NII) to come in $3 billion higher than previously expected after the bank won the auction to buy assets of...
(Bloomberg) -- The top US bank regulators are vowing to act quickly on long-delayed rules to clamp down on executive pay and bonuses. Former executives at failed lenders Silicon Valley Bank,...
(Bloomberg) -- Facing a second day of grilling from US lawmakers, the once top executives at recently failed banks coalesced around a culprit for their firms’ spectacular collapses: social...
With the recent banking turmoil, ongoing recession and ‘signs of another global economic crisis,’ cryptocurrencies are – once again – emerging as an alternative way to hold one’s assets,...
(Bloomberg) -- The fastest pace of rate hikes by the Federal Reserve in decades combined with negative social media sentiment contributed to the failure of SVB Financial Group’s Silicon...
Jamie Dimon, Larry Summers and Jerome Powell have declared the end of the crisis, even as PacWest waves another potential red flag.
Investing.com -- Regional bank stocks in the U.S. dropped in premarket trading on Tuesday, putting them on course to open lower after two straight sessions in the green, in a potential sign...
Former RBI governor Raghuram Rajan has expressed concern over the threat to the banking sector over the long-term . He notes that there might be a potential profitability problem with the...
Investing.com -- U.S. Treasury Secretary Janet Yellen warns of a possible "constitutional crisis" hanging over the high-stakes debt-ceiling negotiations in Washington. Warren Buffett,...
Investing.com -- Here is your Pro Recap of the biggest head-turning deal dispatches you may have missed this week: more market-moving headlines in regional banks |Western Alliance and...
After the second largest bank failure in history, the U.S. Securities and Exchange Commission (SEC) is reportedly investigating First Republic Bank executives for allegedly engaging in...
Investing.com - The U.S. dollar fell in early European trade Friday, as traders fretted that the continued turmoil in the U.S. banking system could result in earlier-than-expected rate cuts...
Investing.com -- Gold prices hovered below record highs on Friday as traders locked in a measure of recent profits, with markets remaining cautious ahead of key U.S. labor data that is...
First Republic Bank collapsed this week. It was the second largest bank failure in U.S. history and the fourth U.S. bank to fail this year.
Investing.com -- U.S. stocks were lower amid revived concerns about the U.S. banking system. At 9:41 ET (13:41 GMT), the Dow Jones Industrial Average was down 200 points or 0.6%, while the...
Investing.com - The U.S. dollar retreated in early European trade Thursday, continuing the previous session’s selloff after the Federal Reserve signaled a pause to its year-long...
Investing.com -- Gold prices extended recent gains on Thursday, briefly touching a record high after the Federal Reserve hiked interest rates but flagged a more stringent approach to raising...
Investing.com -- Shares in midsize U.S. banks were higher in volatile trading on Wednesday, paring back some of the sharp losses seen in the prior session, as uncertainty hung over the...
By Davit Kirakosyan Investing.com -- Here is your Pro Recap of the biggest analyst cuts you may have missed on InvestingPro since yesterday: downgrades at |AMD, |Comerica, |Quest...
Investing.com -- U.S. stocks are seen opening marginally higher Wednesday, bouncing after the previous session’s hefty losses as investors await the Federal Reserve’s latest policy...
Investing.com -- The Federal Reserve gears up to reveal its latest rate decision as investors eagerly await comments from the U.S. central bank's chair Jerome Powell. A battle begins between...
Investing.com - European stock markets traded higher Wednesday, as generally positive earnings from the banking sector boosted confidence ahead of the conclusion of the crucial Federal...
Investing.com - European stock markets are expected to edge higher at the open Wednesday, as investors await the conclusion of the crucial Federal Reserve policy meeting as well as euro zone...
Investing.com -- Major Asian bank stocks fell on Wednesday, tracking declines in their U.S. peers after the collapse of First Republic Bank sparked renewed concerns over a U.S. banking...
Investing.com -- Most Asian stocks fell on Wednesday with losses skewed towards financial shares as a rout in U.S. banks spilled over, while investors also turned cautious before the...
Investing.com -- Gold prices moved little in early Asian trade on Wednesday, but were underpinned by increased safe haven demand amid renewed fears of a banking crisis and uncertainty over...
By Malvika Gurung Investing.com -- HSBC Holdings (LON:HSBA) released strong earnings for the quarter ended March 2023 on Tuesday, posting a multifold rise in profit and exceeding...
Investing.com -- U.S. stocks are seen opening in a subdued fashion Tuesday, with investors awaiting the start of the Federal Reserve two-day policy meeting as well as the release of more...
Investing.com -- U.S. futures point slightly lower with Federal Reserve's latest policy-setting meeting set to get underway, while Pfizer leads the day's earnings charge and debt ceiling...
By Davit KirakosyanInvesting.com -- Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: a fresh buy rating for |JPMorgan after it bought out |First...
Investing.com -- The Federal Reserve is widely expected to deliver a quarter-point interest rate hike when it concludes its two-day meeting on Wednesday, with some investors expecting...
Investing.com -- Most Asian stock markets kept to a tight range on Tuesday as concerns over worsening economic growth and a potential bank crisis weighed, with traders also turning cautious...
By Malvika Gurung Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50, traded 0.16% or 29.5 points lower at 8:35 am on Tuesday,...
Investing.com -- Gold prices moved little in early Asian trade on Tuesday, hovering well below key levels as anticipation of a likely interest rate hike by the Federal Reserve supported the...
Investing.com - U.S stock futures were trading lower during Monday's evening deals, following a negative session among benchmark averages as market participants reacted to the JPMorgan Chase...
After-Hours Stock Movers: Chegg (NYSE:CHGG) 32% LOWER; {{erl-48369||reported Q1 EPS of $0.27, $0.01 better than the analyst estimate of $0.26. Revenue for the quarter came in at $187.6...
Investing.com -- The S&P 500 struggled for direction Monday as investors kept their powder dry ahead of the Federal Reserve decision later this week and weighed the government takeover and...
Investing.com -- Oil bulls might have raised the glass a little too early. Crude prices were back in the red on Monday, with a 1.5% drop that reclaimed almost half of Friday’s near 3%...
Investing.com -- U.S. stocks were rising after federal regulators seized First Republic Bank (NYSE:FRC) and sold its deposits and most of its assets to JPMorgan Chase. At 9:51 ET, the...
Investing.com -- Stocks in focus in premarket trade on Monday, May 1st. Please refresh for updates. First Republic Bank (NYSE:FRC) stock fell 34% and JPMorgan Chase (NYSE:JPM) stock...
Investing.com -- U.S. stocks are seen opening largely unchanged Monday, with investors digesting the takeover of First Republic Bank (NYSE:FRC) at the start of a week that includes more...
Investing.com -- First Republic Bank has been taken over by Californian authorities with JPMorgan Chase assuming its deposits, at the start of a week that includes a Federal Reserve meeting,...
The Federal Deposit Insurance Corporation (FDIC) said it accepted the bid from JPMorgan Chase (NYSE:JPM) to acquire First Republic Bank (NYSE:FRC), according to a statement. JPMorgan...
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