2 California banks are merging into a new $36 billion bank. It's the latest in a string of consolidations after a crisis rocked the US banking world in March.

Tech Insider : Economy
A Pacific Western Bank sign is seen on May 4, 2023 in Los Angeles, California.
PacWest Bancorp is merging with Banc of California.

David McNew/Getty Images

Ken Griffin's Citadel Securities logs 35% plunge in first-half revenue as low market volatility reduces trading opportunities

Tech Insider
Photo of Citadel founder Ken Griffin
Citadel's Ken Griffin.

PATRICK T. FALLON/AFP via Getty Images

19 Republican states accuse JPMorgan of closing bank accounts and discriminating against customers due to their religious or political beliefs

Tech Insider : Politics
JPMorgan Chase & Co.
Republican attorneys general from 19 states signed the letter to CEO Jamie Dimon.

Leonardo Munoz/Getty Images

Big banks may cover 95% of the cost to refill the $16 billion hole blown in the FDIC's deposit insurance fund by bank failures

Tech Insider
Silicon Valley Bank customers wait in line at SVBs headquarters in Santa Clara, California on March 13, 2023.
Silicon Valley Bank customers in March.

Noah Berger/AFP

Jamie Dimon warns a US default would be 'potentially catastrophic' as lawmakers remain deadlocked over raising the debt ceiling

Tech Insider : Economy
Jamie Dimon
JPMorgan Chase CEO Jamie Dimon.

REUTERS/Brian Snyder

Banking turmoil is far from over. Bill Ackman, Jeffrey Gundlach, and Mohamed El-Erian have renewed their warnings about unresolved risks.

Tech Insider
Bill Ackman
Bill Ackman.

Reuters

Banks ask SEC to stop short-seller attacks on their stocks driven by social-media speculation

Tech Insider
Traders

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP via Getty Images)

Nearly half of Americans are concerned about the safety of their money in banks, survey finds

Tech Insider : Economy
People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds on March 13, 2023 in Santa Clara, California.
People queue up outside the headquarters of Silicon Valley Bank to withdraw their funds in March.

Liu Guanguan/China News Service/VCG via Getty Images

PacWest is the latest bank whose future is in question after reports it's weighing a sale sent shares tumbling over 50%

Tech Insider
A general view of Pacific Western Bank in Huntington Beach, California, U.S.
PacWest Bancorp, the parent company of Pacific Western Bank, is reportedly exploring strategic options including a sale.

Mike Blake/Reuters

JPMorgan debuts AI model used to decipher Fed speeches for potential trading signals

Tech Insider
a human hand shakes a robotic arm representing humans working with technology
JPMorgan unveiled a new AI-powered tool that reads Fed comments to uncover potential trading signals.

Malte Mueller/Getty Images

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