Ares Raises $6.6 Billion Fund to Chase Bank Loan Sales
Ares Management Corp. raised $6.6 billion for its second asset-based credit fund, as it seeks to snap up
2023-10-30 20:50
Wells Fargo Gets Pickier on Regional Banks With Four Cuts
It’s a stock picker’s market in the hard-hit world of midsized bank stocks, according to Wells Fargo. Analyst
2023-10-05 04:52
Michael Burry Exits Alibaba, JD.com Stakes in Portfolio Overhaul
Michael Burry’s Scion Asset Management exited its stakes in Alibaba Group Holding Ltd. and JD.com Inc. in the
2023-08-15 04:22
KKR Scoops Up Auto Loan Portfolio as Regional Banks Shed Assets
Private equity giant KKR & Co. has purchased a portfolio of prime auto loans from Georgia-based Synovus Financial
2023-08-09 02:58
US Banking Crisis Could Play Out for Two More Years, Ares CEO Says
Ares Management Corp.’s chief executive officer said the banking crisis could play out for two more years, and
2023-08-02 02:56
Regional Banks Rally for Fifth Week as PacWest Merger Deal Quells Fears
Shares of US regional lenders notched their longest weekly streak of gains since March 2021, bolstered by a
2023-07-29 04:26
A Beach Club Dinner and Jamie Dimon’s Touch: How PacWest Was Rescued
PacWest Bancorp had borrowed its way into a corner. A smaller rival smelled an opportunity. And there was
2023-07-29 00:46
Bill Gross Selling Regional Bank Holdings After Making ‘Mucho Bucks’
Bill Gross said he’s selling most of his regional bank holdings, three months after buying stocks including Western
2023-07-27 01:47
Banc of California set to merge with rival PacWest
PacWest Bancorp is set to merge with Banc of California in a $400 million equity deal, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter earnings results.
2023-07-26 04:51
PacWest merges with Banc of California in all-stock deal
Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise
2023-07-26 04:26
Banc of California in talks to buy PacWest Bancorp - WSJ
Banc of California is in advanced talks to buy PacWest Bancorp, the Wall Street Journal reported on Tuesday,
2023-07-26 02:57
US Bank Stocks Post First Monthly Gain Since Regional Tumult
Bank stocks notched their first monthly gain since before the collapse of Silicon Valley Bank in March after
2023-07-01 05:27