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Deposits

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

Thu, 05/11/2023 - 09:17

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

Markets, MI Exclusive, PacWest Bank, PACW stock price, Bank stocks, Regional Banks, regional lenders

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

Mon, 05/01/2023 - 11:30

Wells Fargo — Wells Fargo said it had handled the matter appropriately.
Associated Press

finance, News, Weekend BI UK News, Wells Fargo, Scam, Scammer, scammers

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

Mon, 05/01/2023 - 08:27

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

Markets, MI Exclusive, first republic bank, bank failure, bank crisis, JPMorgan, Regulators

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

Mon, 05/01/2023 - 08:15

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

finance, News, First Republic, Jamie Dimon, JPMorgan, bank crisis, silicon valley bank crisis

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

Mon, 04/24/2023 - 17:28

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

finance, Bank, Regional Banks, bank crisis, First Republic, Deposits, JPMorgan Chase

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

Fri, 04/07/2023 - 10:36

Charles Schwab — Photo by James Leynse/Corbis via Getty Images

Markets, MI Exclusive, Schwab, Charles Schwab, SCHW stock price, Banking Crisis, Deposits

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

Fri, 03/31/2023 - 06:23

NYSE traders — Investors have poured $304 billion into money-market funds in just three weeks.
Spencer Platt/Getty Images

Markets, MI Exclusive, Money Market, money market funds, Deposits, uninsured depositors, Wall Street

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

Thu, 03/23/2023 - 15:54

Walt Bettinger, the chief executive of Charles Schwab. — Walt Bettinger, the chief executive of Charles Schwab.
REUTERS/Elijah Nouvelage

Markets, MI Exclusive, Bank Run, Deposits, Charles Schwab, Liquidity, bank crisis

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

Thu, 03/23/2023 - 07:45

Bill Ackman — Bill Ackman.
Reuters/ Eduardo Munoz

Markets, MI Exclusive, Bill Ackman, Banking Crisis, US banking system, us banking crisis, SVB

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

Wed, 03/22/2023 - 13:46

SVB — Silicon Valley Bank
Getty Images

Markets, MI Exclusive, Deposits, FDIC, FDIC insurance, Regional Banks, bank crisis

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