[ad_1] March 14 (Reuters) – U.S. prosecutors are investigating the collapse of Silicon Valley Bank, according to a source familiar with the matter, as scrutiny mounts over the firm’s sudden…
Tag: BLR
Citadel discloses 5% stake in Western Alliance amid sell-off
[ad_1] March 14 (Reuters) – Hedge fund Citadel on Tuesday said it bought a 5.3% stake in Western Alliance Bancorporation (WAL.N), sending a strong signal of confidence as the company…
Moody’s changes outlook on U.S. banking system to ‘negative’
[ad_1] March 14 (Reuters) – Ratings agency Moody’s Investors Service on Tuesday changed its outlook on the U.S. banking system to “negative” from “stable” after the collapse of three major…
JPMorgan, other big U.S. banks flooded with new clients post SVB collapse-FT
[ad_1] March 14 (Reuters) – Large U.S. banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) are being inundated with requests from customers trying to transfer funds from…
Silicon Valley Bank ‘conducting business as usual’, new CEO says
[ad_1] March 13 (Reuters) – Silicon Valley Bank’s new boss Tim Mayopoulos on Monday told clients that the lender is open and conducting business as usual, according to a letter…
First Republic shares dive on contagion fear, dragging U.S. regional banks
[ad_1] March 13 (Reuters) – Shares of U.S. regional banks slumped on Monday, led by sharp losses in First Republic Bank (FRC.N) as news of fresh financing failed to assuage…
Biden administration approves massive Willow oil project in Alaska
[ad_1] LOS ANGELES/WASHINGTON, March 13 (Reuters) – The Biden administration is approving a scaled-back version of ConocoPhillips’ (COP.N) $7 billion oil and gas drilling Willow project in Alaska, the U.S.…
Charles Schwab tumbles as drop in margin balances fans concerns after SVB collapse
[ad_1] March 13 (Reuters) – Charles Schwab (SCHW.N) on Monday reported a 28% decline in average margin balances and a 4% fall in total client assets for February, piling more…