Dow plunges as bank woes overshadow hopes of Fed pause
Wall Street ended lower on Thursday after PacWest’s move to explore strategic options deepened fears about the health of US lenders ...
Tag: wall street
Feds eyeing possible ‘manipulation’ of bank shares: report
US officials at the federal and state level are assessing the possibility of “market manipulation” behind big moves in banking ...
Dow tumbles over 500 points on debt-ceiling jitters
Stocks ended sharply lower on Tuesday as regional bank shares tumbled on renewed fears over the financial system and as investors ...
Morgan Stanley plans to lay off 3,000 more workers amid downturn
Morgan Stanley is reportedly planning to lay off an additional 3,000 employees, or 3.6% of its workforce, in the second ...
First Republic clients pulled $100B in deposits during panic
Customers of First Republic Bank pulled more than $100 billion in deposits out of the bank during last month’s crisis, ...
Goldman Sachs hands out ‘pronoun’ pamphlets as it fights sex-harassment suits
Rainbow-colored pamphlets advising “bring your authentic self” have lately appeared over cubicles at Goldman Sachs, coaching employees on the proper ...
Wall Street bonuses fell 26% last year — lowest since 2019
Big Wall Street firms slashed year-end bonuses 26% — a sharp decline from the record payouts handed out during the ...
JPMorgan scooped up most of Silicon Valley Bank’s fleeing customers: sources
JPMorgan kept busy while the disaster at Silicon Valley Bank unfolded earlier this month – and may have managed to ...
Dow gains as investors weigh bank risks, Fed rate-hike pause
The S&P 500 and the Dow Jones gained on Monday as a state-backed rescue of embattled lender Credit Suisse helped ...
Why some tech startups are quietly crawling back to Silicon Valley Bank
Less than a week after tech startup founders yanked their cash from Silicon Valley Bank in a panic, many are ...
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