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Shares of First Republic tumble more than 40% as it explores selling up to $100 billion in assets
FinanceShares of First Republic tumble more than 40% as it explores selling up to $100 billion in assets
By Gillian Tan, Matthew Monks and BloombergApril 25, 2023
First Republic Bank lost more than $72 billion in deposits during the first quarter—and plans to lay off up to 25% of its workforce
FinanceFirst Republic Bank lost more than $72 billion in deposits during the first quarter—and plans to lay off up to 25% of its workforce
By Jenny Surane and BloombergApril 24, 2023
Wall Street is wondering if it’s been too pessimistic after better-than expected earnings reports
FinanceWall Street is wondering if it’s been too pessimistic after better-than expected earnings reports
By Alexandra Semenova, Jessica Menton and BloombergApril 22, 2023
The CEO and CFO of Silicon Valley Bank’s bankrupt former owner have resigned more than a month after its stunning collapse
FinanceThe CEO and CFO of Silicon Valley Bank’s bankrupt former owner have resigned more than a month after its stunning collapse
By Dan Reichl and BloombergApril 21, 2023
Bill Gross
Finance‘Bond King’ Bill Gross is piling into regional bank stocks: ‘It’s a license to make money’
By Ye Xie and BloombergApril 21, 2023
Billionaire investor Howard Marks outlines 4 key differences between the 2023 banking crisis and 2008
FinanceBillionaire investor Howard Marks outlines 4 key differences between the 2023 banking crisis and 2008
By Will DanielApril 19, 2023
Credit scoring is pseudoscience–and it perpetuates the consequences of slavery and segregation
CommentaryCredit scoring is pseudoscience–and it perpetuates the consequences of slavery and segregation
By Bernice A. King and Ashley BellApril 19, 2023
A finance professor who used to work at the Fed has 5 pieces of advice to avoid another banking meltdown
FinanceA finance professor who used to work at the Fed has 5 pieces of advice to avoid another banking meltdown
By Brian Gendreau and The ConversationApril 18, 2023
How a pod of SVB bankers are starting over at a new firm after their world fell apart
NewslettersHow a pod of SVB bankers are starting over at a new firm after their world fell apart
By Lucy BrewsterApril 18, 2023
Charles Scharf
SuccessInternal Wells Fargo document reveals management angst over union ‘resurgence’ and ‘new generation of employees with activist experience’
By Josh Eidelson and BloombergApril 17, 2023
U.S. Secretary of the Treasury Janet Yellen
FinanceJanet Yellen says lending pullback after bank failures could be ‘substitute for further interest-rate hikes’ by Fed
By Christopher Condon and BloombergApril 15, 2023
Mike Wilson, chief U.S. equity strategist at Morgan Stanley & Co., speaks during a Bloomberg Television interview in New York.
FinanceWall Street’s top strategist warns U.S. stocks are set to drop by more than 20%
By Chloe TaylorApril 14, 2023
Bank bosses are hiding $600 billion in unrealized losses to keep their mega bonuses. Here’s why portfolio securities should be marked to market
CommentaryBank bosses are hiding $600 billion in unrealized losses to keep their mega bonuses. Here’s why portfolio securities should be marked to market
By Robert Litan, Martin Lowy and Lawrence J. WhiteApril 14, 2023
A picture of Jeremy Grantham
Finance‘Other things will break.’ Legendary investor Jeremy Grantham warns of more financial chaos and wants to see Powell ‘channel a little bit of Volcker’
By Prarthana PrakashApril 13, 2023
The JPMorgan Chase & Co. offices in London, U.K., on Wednesday, May 4, 2022.
LeadershipJPMorgan warns that bankers who fail to come into the office could face ‘corrective action’—and orders leaders to be in 5 days a week
By Chloe TaylorApril 13, 2023
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