PacWest says in talks with potential partners after share plunge
PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to...
The Fed raises US rates by a quarter point, signaling possible pause
The Federal Reserve raised interest rates by a quarter percentage point and hinted it may be the final move in...
JPMorgan First Republic deal ends second-biggest U.S. bank failure
JPMorgan Chase & Co. agreed to acquire First Republic Bank in a government-led deal for the failed lender, putting to...
First Republic plunges on expectation of seizure by FDIC
First Republic Bank shares fell as much as 54% in extended New York trading on speculation that it would be...
Deutsche Bank renews effort to shrink Russian IT operations
Deutsche Bank AG is reviving a push to cut reliance on its IT center in Russia as it seeks to...
First Citizens to buy SVB after biggest failure since 2008
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in...
Europe tech startups doubled debt financing in fundraising shift
European technology startups nearly doubled the amount of debt they took on last year, leaving them increasingly dependent on financing...
UBS Erases Losses as Investors Weigh Credit Suisse Deal Impact
UBS Group AG erased losses while investors digested the drawbacks and potential upside of its Credit Suisse Group AG takeover,...
OpenAI Partners With Payment Firm Stripe to Monetize ChatGPT
OpenAI will use Stripe Inc. to take payments and subscriptions for its artificial intelligence tools ChatGPT and Dall-E, which it’s...
SVB, Stripe Expose Shockwaves of a Long-Shuttered US IPO Market
Silicon Valley Bank’s collapse is just the latest example of how a historic slowdown in IPOs is producing a minefield of unexpected...
