First Citizens to cut 500 jobs
First Citizens Bank announced on Wednesday it was cutting about 500 jobs of corporate Silicon Valley Bank…
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Silicon Valley Bank (SVB)
CEOs of failed banks to testify before Senate
The Senate Banking Committee reported Tuesday that it will hold a hearing May 16 with former heads of failed banks.
FDIC proposes increasing deposit insurance over $250,000
The Federal Deposit Insurance Corporation called for an increase in the deposit insurance limit for business…
Credit Suisse withdrawals reach $68.6 bln
The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to the…
Bank of America’s earnings increase, exceeding expectations
Bank of America (BofA) has reported on Tuesday a 15 percent increase in its first quarter profits, exceeding…
US banks save up reserves after First Republic Bank rescue
JPMorgan Chase and Co, Wells Fargo & Co, Citigroup Inc and Bank of America are setting $100 million each in Q1…
Biden urges for stricter banking regulations
US President, Joe Biden has urged federal regulators to take more drastic measures and called for tighter…
Bank of England on high alert amidst current turmoil
Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
First Citizens Bank buys SVB deposits, loans
First Citizens Bank to buy all deposits and loans of Silicon Valley Bank, following its collapse, the biggest in…
Concerns about US commercial real estate risks on rise
The U.S. real estate sector has been under pressure by the Federal Reserve continuous interest rate increase,…
