Bloomberg
Goolsbee Calls for Cautious Approach to Fed Policy
"Given how uncertainty abounds about where these financial headwinds are going, I think we need to be cautious," Federal Reserve Bank of Chicago President Austan Goolsbee says during remarks at an Economic Club of Chicago event.
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Key Takeaways From Bank of America, Goldman Sachs Earnings
A big day for bank earnings. Bloomberg's Sonali Basak reports on results from Goldman Sachs and Bank of America.
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Odeon's Bove Previews US Bank Earnings
With major US banks set to report earnings starting Friday, Odeon Capital Group Financial Strategist Richard Bove says looking at the first quarter's results is like assessing banks from a rear-view mirror. He discusses with Haidi...
Bloomberg
Huntington CFO Expects Growing Deposits Rest of Year
Huntington Bancshares CFO Zach Wasserman discusses the bank's "stable and growing" deposits, loan portfolio and the future of regulation with Alix Steel and Dani Burger on "Bloomberg Markets."
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Bank Crisis to Cause Systemic 'Ripples': Morgan Stanley
Morgan Stanley Wealth Management CIO Lisa Shalett comments on what a credit contraction might mean for the US economy during an interview with Jonathan Ferro on "Bloomberg The Open."
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Yellen Proposes FSOC Revisions to Nonbank Oversight
"The existing guidance, issued in 2019, created inappropriate hurdles as part of the designation process," US Treasury Secretary Janet Yellen says during a Financial Stability Oversight Council meeting.
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BofA's Moynihan Says the Banking System Is in Good Shape
"Crisis is too strong of a word," Bank of America Chair and CEO Brian Moynihan says while discussing the takeaways from the recent bank issues with David Westin at the Bloomberg Sell-Side Leaders Forum.
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First Republic Shares Plunge After Drop in Deposits
First Republic Bank shares dropped 21% in early trading Tuesday. Kailey Leinz reports.
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El-Erian Worried Banking 'Cancer' Starting to Spread
Mohamed El-Erian, a Bloomberg Opinion columnist, says the US is in "phase two" of the banking crisis and warns that the financial system lacks "anchors" right now during an interview with Jonathan Ferro on "Bloomberg The Open."...
Bloomberg
Buffett Predicts Earnings Decline at Berkshire Units
Warren Buffett seems to be cautious about what lies ahead. The billionaire investor expects earnings at the majority of Berkshire Hathaway Inc.'s operations to fall as economic activity may slow down. Su Keenan reports on Bloomberg...
Bloomberg
Bank Failures Will Hurt Industry Earnings: Yokum
Alexander Yokum of CFRA talks about the impact of regional bank failures on earnings for the industry. He's on "Bloomberg The Open."
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Guggenheim's Schwartz on First Republic, Lending, Fed
Alan Schwartz, executive chairman at Guggenheim Partners, discusses the FDIC's role in the sale of First Republic Bank to JPMorgan Chase & Co., the factors behind the recent wave of regional bank failures and their impact on lending, and...
Bloomberg
Fed Likely to Cut Rates Early 2024: Nuveen's Rodriguez
"A mild recession is likely to kick in early in 2024," Tony Rodriguez, Nuveen's head of fixed-income strategy, says during an interview with Jonathan Ferro on "Bloomberg The Open."
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Sen. Bill Hagerty on JPMorgan Acquiring First Republic
Republican Senator Bill Hagerty of Tennessee gives his remarks on JPMorgan acquiring First Republic Bank and how the regulators handled First Republic compared to the regulatory supervision of Silicon Valley Bank. He also talks about...
Bloomberg
Biden: Taxpayers Aren't On the Hook for First Republic
President Joe Biden says JPMorgan buying First Republic is good for the US banking system and protects taxpayers. He spoke at the White House.
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First Republic Bank to Be Sold to JPMorgan
First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase & Co. after rescue efforts failed to undo the damage from wrong-way investments. Manus Cranny reports on Bloomberg Television.
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Bloomberg
JPMorgan to Acquire First Republic Bank
First Republic Bank was taken over by regulators and will be acquired by JPMorgan Chase & Co. after rescue efforts failed to undo the damage from wrong-way investments. Bloomberg Intelligence's Herman Chan has the details on Bloomberg...
Bloomberg
What the First Republic Acquisition Means for JPMorgan
Chris Marinac, director of research at Janney Montgomery Scott, examines JPMorgan Chase & Co.'s acquisition of First Republic Bank on "Bloomberg Surveillance."
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First Republic Regulators Rush to Fix Crisis
US regulators are rushing to resolve the First Republic Bank crisis after the deadline passed for submitting final bids to take over the struggling lender. Adam Haigh reports on Bloomberg Television.
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Former FDIC Chair on First Republic Meltdown
Former FDIC Chairman Bill Isaac discusses reports that the FDIC may place First Republic Bank under receivership, and talks about the report the Federal Reserve put out on the collapse of Silicon Valley Bank. Isaac speaks with Annmarie...
Bloomberg
Summers 'Disappointed' With Delays in First Republic Resolution
Former Treasury Secretary Lawrence Summers says he is "surprised and disappointed" that US regulators and banking giants don't have a solution yet for troubled lender First Republic Bank. Summers speaks on Bloomberg Television's "Wall...
Bloomberg
First Republic Shares Plunge to Record Low
First Republic Bank plunged to a record low as investors sorted through rescue scenarios, none of which is likely to be good for current shareholders. Bloomberg's Sonali Basak reports.
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Regulators Could Downgrade Assessments of First Republic
US bank regulators are weighing the prospect of downgrading their private assessments of First Republic Bank a move that may curb the troubled firm's access to Federal Reserve lending facilities. Bloomberg's Sally Bakewell reports....
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Schwab's Jones Expects 'Fairly' Quick Credit Tightening
Kathy Jones, Schwab Center for Financial Research's chief fixed income strategist, says most banks will be "cautious" going forward amid the recent banking turmoil during an interview with Jonathan Ferro on "Bloomberg The Open."
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