Por: MarketWatch Business March 22, 2023
PacWest said that as of March 20, FDIC-insured deposits exceeded 65% of total deposits. Community bank deposits stood at $15.1 billion, down 10.6% from the end of 2022. It also said that overall deposits, including those from venture capital, had dropped about 20%. Still, PacWest said it has enough cash on hand to handle the situation. It has drawn on several available federal facilities, including borrowing $3.7 billion from the Federal Home... + full article
ABC News USA Business March 23, 2023
NEW YORK -- Stocks that traded heavily or had substantial price changes Wednesday:GameStop Corp., up $6.22 to $23.87.The video game retailer reported a surprise fourth-quarter profit.Sonoco Products Co., up $1.29 to $57.96.The packaging maker gave investors an encouraging... + más
Petco's holiday collection for dogs, cats offers Thanksgiving, Christmas, Hanukkah and New Year's gear | Fox Business
GameStop’s third-quarter results on deck: What to expect from the meme-stock darling | MarketWatch
Los Angeles Times USA Business March 22, 2023
PacWest Bancorp is moving to shore up liquidity to protect itself after customers pulled 20% of their deposits since the start of the year. The regional bank, whose shares have tumbled 58% this month, secured $1.4 billion from a financing facility from the Apollo Global... + más
PacWest Stock Falls After Providing a Financial Update | MarketWatch
Death sentence upheld for killer with gender dysphoria claim | Associated Press
MarketWatch USA Business March 22, 2023
The KBW Nasdaq Bank Index dropped 1.6% and the Financial Select SPDR Fund fell by 0.3%. While Morgan Stanley and Goldman Sachs posted gains of about 0.7% each, Bank of America Corp. dropped 1.5% and JPMorgan Chase fell 0.7%. late Tuesday that First Republic had tapped Lazard... + más
First Republic Shares Crater To All-Time Low As Bank Reportedly Taps JPMorgan To Explore Possible Sale | Forbes
First Republic execs reportedly dumped $12M in stock before bank chaos | New York Post
Fox Business USA Business March 22, 2023
Senate Finance Committee member Sen. James Lankford, R-Okla., discusses whether Americans can have confidence in the U.S. financial system on 'Cavuto: Coast to Coast.' PacWest Bancorp shares slid even after its subsidiary Pacific Western Bank from Atlas SP Partners.... + más
PacWest bank secures $1.4-billion lifeline after drain on deposits | Los Angeles Times
Fox Business USA Business March 14, 2023
The Bear Traps Report founder Larry McDonald argues current market conditions 'guarantee' a recession. First Republic Bank stock nosedived on Monday morning even after to shore up wavering confidence in the financial system and contain fallout from the collapse of... + más
Silicon Valley Bank Collapse Suggests 0% Reserve Requirement Won’t Halt Bank Runs | Forbes
Silicon Valley Bank's holding company files for Chapter 11 bankruptcy protection in NY | Fox Business
Newsweek USA Business March 14, 2023
A number of banks had trading in their shares halted on Tuesday following a similar stoppage on Monday, amid concerns of larger economic issues stemming from the collapse of the Silicon Valley Bank.On Monday, Newsweek published a list of banks that had trading of shares halted.... + más
Full list of bank shares that halted trading as panic spreads | Newsweek
China and Russia to deepen defense ties—military | Newsweek
Odeon Capital Group chief financial strategist Dick Bove argues the most important regulation coming will be for common equities, similar to the 2008 crisis. First Republic Bank shares rebounded sharply on Tuesday after suffering a record drop following the collapse of Silicon... + más
Republic First shares tank, traders confuse bank for plagued First Republic | New York Post
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