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Mercury has attracted over $2 billion in deposits since SVB fell. Now its CEO is trying to convince startups to stick around
NewslettersMercury has attracted over $2 billion in deposits since SVB fell. Now its CEO is trying to convince startups to stick around
By Lucy BrewsterMay 11, 2023
Shark Tank’s Kevin O’Leary says failing regional banks should be allowed to collapse: ‘Let the ones run by idiots go to zero’
FinanceShark Tank’s Kevin O’Leary says failing regional banks should be allowed to collapse: ‘Let the ones run by idiots go to zero’
By Chloe TaylorMay 10, 2023
America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money
CommentaryAmerica is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money
By Alvaro Vargas LlosaMay 9, 2023
Goldman Sachs
FinanceGoldman Sachs is paying $215 million to 2,800 women who accused it of sexism in the workplace
By Michelle Chapman and The Associated PressMay 9, 2023
Banks are getting tighter with lending after three banks collapsed and they could get even tougher in the future
FinanceBanks are getting tighter with lending after three banks collapsed and they could get even tougher in the future
By Christopher Rugaber and The Associated PressMay 8, 2023
Investors pose next to a likeness of Berkshire Hathaway CEO Warren Buffett.
FinanceWarren Buffett wants to lock them up, saying bank execs should face ‘punishment’ when lenders fail: ‘The CEO and directors should suffer’
By Christiaan HetznerMay 8, 2023
A Pacific Western Bank sign is seen on May 4, 2023 in Los Angeles
FinanceBank shares nearing crisis-era threshold sparks alarm: ‘You can’t have a bull market if bank stocks are falling’
By Jessica Menton, Elena Popina, Bre Bradham and BloombergMay 7, 2023
Shares in beleaguered PacWest soar up to 96% as regional bank stocks comes roaring back to life and investors try catching ‘a falling knife’
FinanceShares in beleaguered PacWest soar up to 96% as regional bank stocks comes roaring back to life and investors try catching ‘a falling knife’
By Kit Rees, Rick Green and BloombergMay 5, 2023
First Republic
FinanceWho’s next? Investors ravage regional bank stocks as Darwinian search for ‘the weakest’ grips Wall Street.
By Ken Sweet, Michelle Chapman and The Associated PressMay 4, 2023
Billionaire investing royalty is scared about more bank failures: ‘We are running out of time to fix this problem’
FinanceBillionaire investing royalty is scared about more bank failures: ‘We are running out of time to fix this problem’
By Will DanielMay 4, 2023
Feds probe Goldman Sachs role in failed SVB fundraising deal that helped push U.S. regional banking system into turmoil
FinanceFeds probe Goldman Sachs role in failed SVB fundraising deal that helped push U.S. regional banking system into turmoil
By Sridhar Natarajan and BloombergMay 4, 2023
Wall Street avoids a reckoning over #MeToo—and mandatory arbitration
NewslettersWall Street avoids a reckoning over #MeToo—and mandatory arbitration
By Maria AspanMay 4, 2023
Pershing Square CEO Bill Ackman in 2017
FinanceLegendary investor Bill Ackman warns America’s regional banks are at risk: ‘At this rate, no regional bank can survive bad news’
By Nicholas GordonMay 4, 2023
PacWest is considering a sale after its shares sank 85% since March amid the banking industry’s turmoil
FinancePacWest is considering a sale after its shares sank 85% since March amid the banking industry’s turmoil
By Matthew Monks and BloombergMay 3, 2023
U.S. Sen. Elizabeth Warren questions Jerome Powell, Chairman, Board of Governors of the Federal Reserve System as he testifies before the Senate Banking, Housing, and Urban Affairs Committee on June 22, 2022 in Washington, DC.
FinanceElizabeth Warren says U.S. taxpayers will have to foot the bill if JPMorgan ‘stumbles’ after First Republic buyout
By Chloe TaylorMay 3, 2023
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