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Moody's cuts credit ratings for banks following commercial real estate pressures
Moody's Investors Service lowered the ratings forš · 10 banks, including US Bancorp, Bank of New York Mellon, State Street, and Truist Financial.
I woke up tš ŗo find š”$65,000 mysteriously transferred to my bank account
Wake up and smell the cha-chiš¹ng.
Goldman Sachs to tāap ally of embattled CEO for board seat as backlash expected over mass layoffs š§
Tom Montag wišll be the first banker appointed to Goldman's board under CEO David Solomon, who hasn't been winning populaź¦”rity contests with the rank and file since helming multiple waves...
š§ø Goldman Sachs to axš 125 managing directors worldwide in latest layoffs
Goldman Sachs has executed at least three rounds of layoffs in the past year. In the latest, about 125 managing directors will be hš anded pink slips in an effort to...
Credit Suisse investors sue over bank's demise -- and blame 'toxic culture' at NYC office
Bondholders who suffered a $17 billion loss from Credit Suisse's downfall have filed a lawsuit against the Swiss bank's former and current executiveź§s, claiming a toxic work culture in the...
Lander: NYC Banking Commission freezing city deposits at Capital One and KeyBank for not providing 'anti-discrimination' plan
Woke Comptroller Brad Lander and the rest of the city's Banking Commission is freezing city deposits at two major banks for failiāng to deliver plans of how theyāre trying to...
PacWest's shares surge after dividend cut to lead rebound in regional banks
PacWąµ²est Bancorp led a relief rally across regional banks on Monš½day, when shares were up 21% just after the opening bell. Late Friday, the bank's dividends were cut to just...
Apple savings account offers 10 times more interest than US averageĀ āĀ draws $1B in deposits in days ā
The iPhone maker's foray into commercial bankšing has been a successful one. š¤”
This year's 3 bank failures held $532B in assets ā more than all lenders that collapsed in 2008 crisis
Ü« The three failed banks this year held a whopping $532 billion in total assets.
Ex-CFPB worker sent data on 250,000 people to personal email account: 'Major incidentā
A Consumer Financial Protection Bureau employee was fired after senšding confidential consumer data on roughly 256,000 people to their personal email account in what the agency described as a āmajor...
Biden's approach to financial crisis: make too-big-to-fail banks even bigger
Six weeks into President Joe Bidenās first major financial crisis, the White Houseās apšproach is clear: make Americaās biggest banks ā ātoo big to failā banks from 2008 ā even...
š Short sellers think this Canada-based bank could bše next casualty of crisis
Canada-based Toronto-Dominion is now the most-shorted financial intuition inš the world.
Republic First shašres tank as traders confuse bank for plagued First Republic į©į©į©į©į©į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©ā¤ā¤ā¤ā¤į©š±į©į©į©
Republic First is unaź¦æffiliated with the troubled lender, First Republic, which recentšly received a $30B lifeline.
Saudi National Bank chair resigns days after Creš²diāt Suisse comments sparked panic
Saudi National Bank Chairman Ammar AlKhudairy is stepping dowš»n ādue to personal reasons."
US banking crisis 'definitely brings us closer' to recession, top Fed official warns
Minneapolis Fed Pź¦resident Neel Kashkari warned of a looming "credit crunch."
Why the US banking crisis is likź§e winter in Europe -- and what it means for stocks
Remember: Big trends are global, not local, always. Especiš¬ally now, as bank conź¦tagion fears gallop.
Federal Reserve hikes key interest rate by a quarter-point despitāe US bank chaos
The Fed š§øfaces the challenge of lowering inflation amidst US banking sector crisis.
š First Republic rescue deal could hinge on government support: report
The feds and Wall Street bosses are trying to sweeten the deal foą²r potential investors.
Credit Suisse rescue could spur 'tens of thousands' of layoffs: report
The culling is expected to ļ·½hit hardest at Credit Suisseās operatš ions in Switzerland and its investment bank.
Bank chaos fuels uncertainty about Federal Reserve's next policy move
The Fed will announce its nexāt policy move at the conclusion of a two-day meeting on Wednesday. ą¹