JPMorgan Chase takes over First Republic after biggest U.S. bank failure since 2008
Regulators took possession of First Republic on Monday, resulting in the third failure of an American bank since March, after…
Charlie Munger says the U.S. commercial property market is in trouble: FT report
Charlie Munger believes there is trouble ahead for the U.S. commercial property market. The 99-year-old investor told the Financial Times…
Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic
U.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a…
Fed report on SVB collapse faults bank’s managers — and central bank regulators
Silicon Valley Bank’s dramatic failure in early March was the product of mismanagement and supervisory missteps, compounded by a dose…
Swiss central bank promises regulation review after collapse of Credit Suisse
The Swiss National Bank on Friday pledged to review banking regulations during its annual general meeting in Bern, following recent…
Barclays posts 27% rise in net profit for the first quarter, beats expectations
LONDON — Barclays on Thursday reported net profit of £1.78 billion ($2.2 billion) for the first quarter, beating expectations and…
Deutsche Bank logs 11th straight quarterly profit, reveals job cuts
Deutsche Bank on Thursday reported a net profit of 1.158 billion euros ($1.28 billion) for the first quarter, emerging from…
Bankers’ pitch to save First Republic: Help us now, or pay more later when it fails
The best hope for avoiding a collapse of ailing lender First Republic hinges on how persuasive one group of bankers…
Standard Chartered CEO warns of risks in the banking sector that haven’t ‘come home to roost’
Standard Chartered‘s chief executive warned Monday that the banking sector may face fresh issues, even as the immediate risks from…
Social media raises bank run risk, fueled Silicon Valley Bank’s collapse, paper says
After the sudden end of Silicon Valley Bank in March, market participants were quick to point out the role social…
