PacWest plummets 28% to resume sell-off after the regional bank says deposits fell 9.5% last week

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A branch of regional lender Pacific Western Bank in Whittier, California.
A branch of regional lender Pacific Western Bank in Whittier, California.

AP Photo/Ashley Landis

A Wells Fargo customer lost $68,000 after being tricked into making a wire transfer by a scammer, report says

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Wells Fargo
Wells Fargo said it had handled the matter appropriately.

Associated Press

First Republic stock crashes 46% as regulators seize the bank and JPMorgan takes it over

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A pedestrian walks by a First Republic bank on April 26, 2023 in San Francisco, California.
First Republic stock has plummeted in the wake of Silicon Valley Bank's demise.

Justin Sullivan/Getty Images

Why First Republic failed, and what it means for the rest of the banking industry

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A pedestrian walks by the First Republic Bank headquarters on March 13, 2023 in San Francisco, California.
First Republic's San Francisco headquarters.

Justin Sullivan/Getty Images

Embattled First Republic bank says it will slash jobs as it explores strategic options

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A man rides a bicycle past the First Republic Bank branch in Santa Monica, California.
A man rides a bicycle past the First Republic Bank branch in Santa Monica, California on March 20, 2023.

PATRICK T. FALLON/AFP via Getty Images

Schwab says it raked in $53 billion in client assets in March as it looks to soothe investors rattled by banking turmoil

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Charles Schwab

Photo by James Leynse/Corbis via Getty Images

Money-market funds rake in $300 billion in just three weeks as banks face deposit 'bleed-out'

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NYSE traders
Investors have poured $304 billion into money-market funds in just three weeks.

Spencer Platt/Getty Images

Charles Schwab has enough liquidity if all bank deposits 'ran off,' CEO says

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Walt Bettinger, the chief executive of Charles Schwab.
Walt Bettinger, the chief executive of Charles Schwab.

REUTERS/Elijah Nouvelage

Bill Ackman warns the US economy is heading for a 'train wreck' as the Fed hikes interest rates again

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Bill Ackman
Bill Ackman.

Reuters/ Eduardo Munoz

People have moved $500 billion into money-market funds and major banks since SVB imploded. JPMorgan offers 3 reasons why the shift will continue.

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SVB
Silicon Valley Bank

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