The bank is sitting on big losses and paying more to borrow money than it is making on its loans to homeowners and businesses.
Tag: Credit and Debt
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Pressure Mounts on China to Offer Debt Relief to Poor Countries Facing Default
There was optimism at the spring meetings of the I.M.F. and World Bank that China will make concessions over restructuring its loans.
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Biggest U.S. Banks Report Bumper Profits Amid Industry Turmoil
JPMorgan Chase, Wells Fargo, Citigroup and PNC Financial comfortably beat expectations for earnings in the first quarter, when the failures of smaller banks sent jitters throughout the sector.
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From Winemakers to Builders, Borrowers Brace for Fallout From Bank Turmoil
Economists are watching for the aftereffects of recent bank collapses across many industries. How bad could it get?
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Why Schwab Got Hit in the Panic Over Regional Banks
Like Silicon Valley Bank, the company holds billions in bonds that have declined in value. But it has access to billions in cash, if needed, analysts say, and is much more diversified.