Tag: finance
Finance-related news
FDIC Proposes Major Banks Pay Billions to Restore Failure Fund
Reading Time: < 1 minuteThe FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
Go First Airline Granted Bankruptcy Protection
Reading Time: < 1 minuteThe National Company Law Tribunal in New Delhi granted today Go Airlines (India) Ltd bankruptcy protection, providing a lifeline to the country’s fourth-largest carrier.
Regional Bank Stocks Fall Led by PacWest and Western Alliance
Reading Time: < 1 minutePacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Bain Capital Plans to Attract $4B for New Fund
Reading Time: < 1 minuteBain Capital is attempting to raise $4 billion for a global “special situations fund” as it seeks out investments in a wide range of asset classes, according to two people with knowledge of the matter.
Fed Raises its Rates
Reading Time: < 1 minuteThe Federal Reserve shifted to a new stage of post-pandemic economic recovery management yesterday, taking what may be the last step in its historic series of interest rate hikes.
ECB Vice President Luis de Guindos: The ECB Will Not Be Returning to Forward Guidance Policy for a While
Reading Time: < 1 minuteIt is unlikely the European Central Bank will resume providing insight into their future policy decisions due to the current uncertain outlook.
Deutsche Bank to Downsize its Workforce
Reading Time: < 1 minuteDeutsche Bank plans to reduce its executive board from 10 to nine members and cut some jobs in infrastructure and private banking in order to save costs.
Morgan Stanley’s Q1 Profits Exceed Expectations
Reading Time: < 1 minuteMorgan Stanley’s first-quarter profit exceeded expectations.
ExLatham M&A Co-chairman Gerstein Joins PJT Partners as Senior Adviser
Reading Time: < 1 minuteMark Gerstein,, who left Latham & Watkins in December, has joined Paul Taubman’s investment bank, PJT Partners Inc, as a senior adviser.
Swiss Parliament Rejects Credit Suisse’s Rescue Package
Reading Time: < 1 minuteSwitzerland’s parliament rejected on Wednesday the government’s proposed 109 billion Swiss francs ($120.82 billion) aid package for the merger of Credit Suisse and UBS.
US Treasury Secretary Janet Yellen Calls on World Bank to Undertake Additional Reforms
Reading Time: < 1 minuteTreasury Secretary Janet Yellen will call today for the World Bank to make further reforms this year.
Indian Bank HDFC Bank Intends to Raise $6 Billion
Reading Time: < 1 minuteHDFC Bank Ltd announced on Tuesday that it is planning to raise 500 billion rupees (approx. $6 billion) in debt over the next year.
Western Alliance Reduces Losses
Reading Time: < 1 minuteOn Wednesday, shares of Western Alliance Bancorp recovered from steep losses after the regional bank released a new update showing that deposit outflows had stabilized.
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