Western Alliance shares cut losses after the bank says deposit outflows are stabilizing
Shares of Western Alliance Bancorp cut steep losses Wednesday after the regional bank gave a new update showing deposit outflows…
Investors believe the stock market is set for losses, and cash is best safe haven, CNBC survey shows
Wall Street investors believe the stock market is headed for losses after a positive first quarter, seeing cash as the best…
Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits
Jamie Dimon, the veteran JPMorgan Chase CEO and chairman, will be deposed over his bank’s links to disgraced former financier Jeffrey…
SVB customers tried to withdraw nearly all the bank’s deposits over two days, Fed’s Barr testifies
The run on Silicon Valley Bank’s deposits this month went far deeper than was initially known. Since the day regulators…
Here’s why the U.S. had to sweeten terms to get the SVB sale done
The winning bidder in the government’s auction of Silicon Valley Bank’s main assets received several concessions to make the deal…
Deposit drain from smaller banks into financial giants like JPMorgan Chase has slowed, sources say
The surge of deposits moving from smaller banks to big institutions including JPMorgan Chase and Wells Fargo amid fears over…
Banks ramp up use of new Fed facility created during crisis
American banks deepened their reliance on a new Federal Reserve lending program created after the collapse of Silicon Valley Bank…
The Fed forecasts just one more rate hike this year
The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation…
JPMorgan Chase buys data platform for startups in push to serve venture capital investors
JPMorgan Chase is acquiring a data analytics provider for startup investors called Aumni, CNBC is first to report. The biggest…
Here’s where the jobs are for January 2023 — in one chart
The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment.…
