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The Latest Breaking News on Financial Services

US regional bank shares partially recover but fear of crash lingers

Stock market rises on bounceback despite investors still nursing steep losses

The Guardian - UK

Hong Kong rises as Europe, US attempt rebounds

Hong Kong (AFP) - Hong Kong stocks finished higher on Friday as major markets elsewhere attempted a rebound following a day of losses driven by interest rate hikes and a banking sector sell-off.

AFP

Officials looking into investors targeting big US banks to make 'easy money'

US authorities are looking into whether big investment firms are targeting, or attacking, otherwise healthy banks to make a profit.

ABC News

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Asian stocks mixed after slide on Wall Street

Hong Kong (AFP) - Asian stocks were mixed on Friday following a slide on Wall Street driven by renewed fears of banking sector turmoil.

AFP

Shares of smaller lenders sink once again, reviving fears about the banking sector

PacWest and Western Alliance were among the smaller lenders that saw shares tumble even as the banks sought to reassure their customers and investors..

WEKU

TCRB eyes stock exchange listing in 2023

Thai Credit Retail Bank (TCRB) has submitted filings to the Securities and Exchange Commission for an initial public offering (IPO) on the Stock Exchange of Thailand by the end of this year.

Bangkok Post

US regional banks sink again as reassurances fall flat

New York (AFP) - Shares of PacWest Bancorp were in free fall Thursday after the lender's attempt to reassure investors fell flat amid another pummeling of US regional bank stocks.

AFP

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Stock Market Today: Stocks Slide as Regional Bank Rout Worsens

The major market indexes closed lower Thursday as chaos in the banking industry continued.

Kiplinger

US banks are failing, and the authorities seem unlikely to intervene

Regional lenders such as PacWest and Western Alliance are not seen as systemically important and more consolidation is ahead

The Guardian - UK

PacWest latest target as US regional bank shares dive again

New York (AFP) - Shares of PacWest Bancorp were in free fall Thursday after the bank's attempt to reassure investors fell flat amid another pummeling of US regional bank stocks.

AFP

The regional banking crisis is expanding

Reports have both PacWest and Western Alliance seeking buyers.

Axios

Anxiety knocks regional banks, shares slump

Anxiety about a rush of withdrawals by customers of regional banks continues to roil the financial sector as PacWest Bancorp attempted to calm investors investors overnight with its shares plunged 45%

The Independent UK

PacWest Bancorp Explores Options. Western Alliance Denies Deal Rumors. Gensler Issues Statement.

PacWest Bancorp sparked more panic among regional banks on reports it's exploring strategic options, including a potential sale. Bank stocks dive.

Investors Business Daily

Investors Fear 12 Major Banks Are Still A Hot Mess

Investors aren't convinced the banking crisis is over. And they're not making any secret of the banks they're concerned with.

Investors Business Daily

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news in one place.

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Glasgow Live

Virgin, Bank of Scotland and TSB Glasgow bank branches to shut - full list

Some branches in Scotland, including Glasgow, will close their doors this year with many moving services online. Here is the full list of branches affected.

AFP

European stocks slide after Fed, before ECB rate calls

London (AFP) - European stock markets slid Thursday after the Federal Reserve again hiked US interest rates to fight elevated inflation, while hinting the next move could be a pause.

The Street

PacWest Plunges To Record Low As Lender Weighs Strategic Options; Western Alliance Slams FT Report

"The bank has not experienced out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news," PacWest said.

The Guardian - UK

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

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news in one place.

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Bristol Post

“Barclays funds climate chaos – people are dying right now"

Things turned heated at Barclays’ annual meeting

Manchester Evening News

Full list of 76 bank branches closing this month - including HSBC, TSB, Halifax, Barclays and NatWest

Banks are opting to shut down large chunks of their branches as they begin to move focus towards online banking

Dublin Live

Cost of living Ireland: Bank of Ireland ease financial pressures with €1 million charity donation

The bank will assist five Dublin charities, including Hill Street Family Resource Centre and Friends of the Elderly, to help groups most at risk as living costs pile up

WEKU

The U.S. has more banks than anywhere on Earth. That shapes the economy in many ways

The U.S. has more than 4,500 banks — more banks than any other country. That huge number of lenders has shaped the economy in countless ways, but it also can pose risks.

The Week

First Republic: will UK banks survive unscathed?

The Treasury has sought to reassure the public that the British banking system is safe after First Republic became the third major US bank to fail in two months.

Birmingham Post

Virgin Money profits fall amid higher provisions for customer arrears

The bank played down cost of living fears and said its lending books showed no signs of stress

ABC News

Which banks have passed on the May RBA rate rise to mortgage borrowers? NAB kicks it off, as ANZ follows

Here is a breakdown of which major banks have responded to the RBA's decision, and which ones we're still waiting on.

1 … 59 60 61 62

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