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Senator Warren blames First Republic executives for “mismanagement”

admin2 years ago02 mins

Might 4 (Reuters) – U.S. Senator Elizabeth Warren has accused First Republic Financial institution executives of “mismanagement” in a letter…

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Strain grows for regulatory intervention as US financial institution rout deepens

admin2 years ago09 mins

WASHINGTON, Could 4 (Reuters) – Strain is rising on U.S. regulators to take extra steps to shore up the nation’s…

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US Treasury’s prime worldwide official heads to Europe, Asia for talks on financial system

admin2 years ago02 mins

WASHINGTON, Could 4 (Reuters) – The U.S. Treasury Division’s prime worldwide official is heading to Europe and Asia this week…

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Wall Road ends down as PacWest fuels fears of deeper financial institution disaster

admin2 years ago2 years ago07 mins

PacWest slumps because it seems to be at strategic choices First Horizon tanks as Canada’s TD calls off buyout deal…

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PacWest, Western Alliance shares tumble as US regional financial institution fears persist

admin2 years ago07 mins

Might 2 (Reuters) – Shares of U.S. regional banks PacWest Bancorp (PACW.O) and Western Alliance Financial institution (WAL.N) plunged on…

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S&P cuts First Republic’s credit standing, says default a ‘digital certainty’

admin2 years ago02 mins

Could 2 (Reuters) – S&P International on Tuesday slashed First Republic Financial institution’s (FRC.N) credit standing deeper into junk territory…

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BNP Paribas first-quarter income beats as buying and selling outperforms

admin2 years ago07 mins

Sale of U.S. retail division yields 2.95 bln euros Outperforms some friends in securities buying and selling Confirms 2025 outlook…

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Banking mess, Fed amongst worries threatening calm stretch in US shares

admin2 years ago08 mins

NEW YORK, Might 3 (Reuters) – The calm that has prevailed within the U.S. fairness market could also be beginning…

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UK’s Lloyds beats revenue forecasts, alerts stresses forward

admin2 years ago04 mins

LONDON, Could 3 (Reuters) – Rate of interest rises helped British financial institution Lloyds (LLOY.L) beat first quarter revenue forecasts…

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UniCredit raises 2023 objectives after stronger-than-expected quarter

admin2 years ago05 mins

Revenue, income, capital distribution objectives sharply raised Capital strengthens in Q1 helped by asset discount CEO says no M&A targets…

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