Reading Time: < 1 minute The FDIC proposed that banks with more than $5 billion in assets pay a 0.125% “special assessment” fee on uninsured deposits.
Reading Time: < 1 minute The 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.
Reading Time: < 1 minute PacWest and Western Alliance shares resumed their downward trajectory in premarket trading on Tuesday.
Reading Time: < 1 minute Bain 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.
Reading Time: < 1 minute The 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.
Reading Time: < 1 minute It is unlikely the European Central Bank will resume providing insight into their future policy decisions due to the current uncertain outlook.
Reading Time: < 1 minute Deutsche 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.
Reading Time: < 1 minute Morgan Stanley’s first-quarter profit exceeded expectations.
Reading Time: < 1 minute Mark Gerstein,, who left Latham & Watkins in December, has joined Paul Taubman’s investment bank, PJT Partners Inc, as a senior adviser.
Reading Time: < 1 minute Switzerland’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.
Reading Time: < 1 minute Treasury Secretary Janet Yellen will call today for the World Bank to make further reforms this year.
Reading Time: < 1 minute HDFC Bank Ltd announced on Tuesday that it is planning to raise 500 billion rupees (approx. $6 billion) in debt over the next year.
Reading Time: < 1 minute On Wednesday, shares of Western Alliance Bancorp recovered from steep losses after the regional bank released a new update showing that deposit outflows had stabilized.