Big banks could face billions more in FDIC fees after bank collapses
The Federal Deposit Insurance Corporation's board of directors approved a proposal to raise the fees banks pay to have depositors' money insured.
2023-05-11 23:17
FDIC board to discuss special assessment fees for banks
The board of directors of the Federal Deposit Insurance Corp (FDIC) will meet on Thursday to consider special
2023-05-11 21:54
PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
2023-05-11 21:45
Deposit outflows after SVB collapse concentrated among 'super-regionals' - NY Fed study
By Howard Schneider WASHINGTON (Reuters) -Bank deposit withdrawals following the collapse of Silicon Valley Bank were concentrated in around 30
2023-05-11 21:17
White House wants to ban use of salary history in setting pay for new federal hires
Whether one's paycheck can keep pace with inflation is always a concern. But for women, the question is also can their pay keep pace with their male peers?
2023-05-11 20:53
Bank of England hikes interest rates for 12th time in battle with inflation
The Bank of England raised interest rates by a quarter of a percentage point Thursday, hiking for the twelfth consecutive time as it battles inflation above 10%.
2023-05-11 19:21
SoftBank posts $7.18 billion annual loss as Vision Fund slides further
TOKYO (Reuters) -Japan's SoftBank Group Corp reported an annual net loss of 970 billion yen ($7.18 billion) for the year
2023-05-11 14:26
First Citizens BancShares records $9.8 billion gain from Silicon Valley Bank purchase
First Citizen BancShares Inc on Wednesday reported a gain of $9.82 billion in the first quarter from its
2023-05-10 22:53
U.S. prosecutors look at short selling in bank shares - source
By Chris Prentice NEW YORK Federal prosecutors in Washington are looking into short seller activity around the recent
2023-05-10 18:49
Bank of America opens Luxembourg branch in Europe funds push
LONDON Bank of America has hired former BNP Paribas banker Benoit Nevouet to be the manager of a
2023-05-10 14:23
SoftBank investors focus on Arm IPO at Q4 earnings
By Sam Nussey and Kiyoshi Takenaka TOKYO SoftBank Group Corp reports earnings on Thursday amid an uptick in
2023-05-10 11:22
SVB Financial Group's quarterly results filing will be delayed
SVB Financial Group will be unable to meet the U.S. Securities and Exchange Commission's deadline for its quarterly
2023-05-10 05:49