US stocks slide amid banking fears, weak China data

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Reuters / Lucas Jackson

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

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Bill Ackman
Bill Ackman.

Reuters

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

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Traders

(Photo by Johannes EISELE / AFP) (Photo by JOHANNES EISELE/AFP 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%

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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

Mohamed El-Erian warns of 'collateral damage' from the JPMorgan-First Republic deal, and points to 4 unintended consequences

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Mohamed el-erian
Mohamed El Erian.

Photo by Rob Kim/Getty Images

Wall Street's top 4 banks wrote off $3.4 billion in bad loans from borrowers who couldn't keep up in the first 3 months of 2023

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Bank officer calculates loans

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Up to 40% of the US economy is set to be squeezed by tighter financial conditions as credit crunch worsens, strategist says

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Th

sad NYSE trader

REUTERS/Brendan McDermid

Banking turmoil isn't over as regional lenders face risk of commercial-property credit losses, JPMorgan strategist says

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Office buildings in New York City.

(Photo by Fatih AktaÅ/Anadolu Agency via Getty Images)

Billionaire investor Howard Marks sounds the alarm on commercial real estate – warning of a wave of mortgage defaults

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Billionaire investor Howard Marks.

Screengrab via Bloomberg

The credit crunch caused by the banking turmoil may help the Fed's inflation fight, but it will hurt the economy and earnings, eToro strategist says

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