The regional bank received a $30 billion lifeline from big banks last month, but depositors and investors remain worried about its prospects.
Tag: Banking and Financial Institutions
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Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits
Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS.
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Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
In recent calls with investors, regional bank leaders tried to cast the turmoil in the industry spurred by the collapse of Silicon Valley Bank as a moment that has passed.
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Why SoFi Is Suing to End the Student Loan Payment Pause
A self-styled “anti-bank” poached good customers from the federal loan system. When pandemic relief made that harder, it sued the government.
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America’s Inflation Villain Gets a Makeover
As the Fed fights inflation with a wary eye on the 1970s, some are arguing that Arthur Burns, the Fed chair at the time, gets too bad a rap.