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2023-03-13 10:51:19 ET To say that regional banks are having a rough start to the week would be an understatement. At 10 a.m. ET, shares of First Republic Bank (NYSE: FRC) were down by about 68% for the day -- and that's on top of last week's 33% decline. Other regional institut...
2023-03-13 08:57:19 ET First Republic FRC -64% amid woes regarding SVB, Signature collapse . Western Alliance WAL -54% amid woes regarding SVB, Signature collapse . PacWest PACW -40% amid woes regarding SVB, Signature collapse . Euda Health ( EUDA...
2023-03-13 08:02:20 ET Summary PacWest is one of these smaller regional banks feeling the full fallout from the SVB Financial Group situation. Without massive interference by the government, continued deposit outflows should be expected for smaller and more challenged banks. U...
2023-03-13 06:19:18 ET First Republic ( NYSE: FRC ) shares fell 61.03% in premarket trading, amid fear that Silicon Valley Bank's woes would spread to other banks in the tech-focused region, despite government intervention. Investors have grown wary of F...
2023-03-12 23:23:48 ET Summary The FDIC announced the closure of New York-based Signature Bank over the weekend, along with guarantees for Signature Bank and failed Silicon Valley Bank. This marks the third major bank closure in less than a week, and if not for SVB falling first, ...
2023-03-12 10:18:50 ET The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve are considering forming a fund that would allow regulators to backstop deposits at banks should more regulated financial institutions run into trouble after Silicon Valley Bank ( SIVB ) col...
2023-03-12 06:33:24 ET Summary Some banks have paper losses on their debt holdings as high as 67% of their current stock price. As interest rates rose sharply the last 15 months because the Fed increased their Fed Funds target, bond prices dropped sharply. Most of the informat...
2023-03-12 00:48:12 ET Summary SVB Financial's historic and quick collapse sent shockwaves around the markets last week, with fears running deep of bank runs on broader institutions. Companies across the business world are poised to rethink their deposit structures to avoid simila...
2023-03-11 20:14:49 ET Billionaire investor Bill Ackman expects more bank runs from Monday morning after Silicon Valley Bank, the California-based subsidiary of SVB Financial Group ( NASDAQ: SIVB ), collapsed following what turned out to be the largest bank run in U.S. history. ...
2023-03-11 10:24:00 ET The failure of SVB Financial's ( NASDAQ: SIVB ) Silicon Valley Bank triggered the decline of a number of other regional bank stocks on Friday, making them the biggest decliners of the week in the financial sector. The top performing stocks for the we...
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Koss Corporation (KOSS) is expected to report for Q2 2024 Waterstone Financial Inc. (WSBF) is expected to report for Q4 2023 Silver Bull Resources Inc (SVBL) is expected to report for quarter end 2023-10-31 Xcel Energy Inc. (XEL) is expected to report $0.85 for Q4 2023 Sodexo ADR ...
Combined bank emerges as the third-largest bank headquartered in California and one of the nation’s premier relationship-focused business banks Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger...