Bloomberg
US Tries to Orchestrate Rescue of First Republic Bank
The US government is trying to orchestrate a rescue of First Republic Bank with the aid of the nation's biggest banks, according to people with knowledge of the matter, after the California lender's shares plunged. Bloomberg's Ed Ludlow...
Bloomberg
US Banks Head Lower After Credit Suisse Plunge
Stocks of major US lenders sank at the open, following European banks lower as Credit Suisse Group AG plunged by a record. Regional banks are also dropping. First Republic Bank was downgraded to junk by S&P. Kailey Leinz reports....
Bloomberg
Lisa's Market Movers: Top Moving Stocks This Morning 3/14/23
Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: Western Alliance Bancorporation, Comerica and First Republic Bank.
Bloomberg
Confidence Will Return to First Republic: RBC's Cassidy
RBC Capital Markets Managing Director Gerard Cassidy says First Republic Bank has superb "credit quality" and that he expects confidence to return to the bank. He made the comments on Bloomberg Television after S&P Global cut the...
Bloomberg
El-Erian Says Some US Regional Banks Face 'Bumpy' Road Ahead
Mohamed El-Erian, president at Queens College Cambridge and Bloomberg Opinion columnist, shares his views on the regional banking crisis in the US. He speaks with Lisa Abramowicz and Jonathan Ferro on a special edition of "Bloomberg...
Bloomberg
US Mulls More Support for Banks
US authorities are considering expanding an emergency lending facility for banks in ways that would give First Republic Bank more time to shore up its balance sheet, according to people with knowledge of the situation. Adam Haigh reports...
Bloomberg
Lisa's Market Movers: Top Moving Stocks This Morning 3/27
Bloomberg's Lisa Abramowicz reports the top moving stocks this morning: First Republic Bank, PacWest Bancorp, Western Alliance Bank and Deutsche Bank.
Bloomberg
Biggest US Banks Plan to Bolster Reserves
Some of the biggest US lenders are planning to bolster their reserves in a move tied to the rescue of First Republic Bank. Lenders from JPMorgan to Citigroup are setting aside $100 million each, according to people familiar with the...
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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Bloomberg
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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Bloomberg
First Look With Surveillance: UBS Pulls In, Tucker Out
Anna Edwards and Matt Miller take you through what to watch today.
Bloomberg
First Republic Sees Deposits Slump, Cutting up to 25% of Jobs
First Republic sees deposits slump 41% from the end of 2022. The California lender is also cutting its workforce by as much as 25%. Bloomberg's Sally Bakewell reports.
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Bloomberg
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...
Press Association
US President Joe Biden departs Ireland after four-day visit to the island
GVs of US President Joe Biden departing from Knock Airport on the final day of his visit to the island of Ireland
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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Bloomberg
US Regional Bank Shares Struggle to Find a Rebound
Regional US banking stocks are dealing with heavy losses this week as the collapse of First Republic, the fourth lender to fail this year, has renewed worries about midsize banks and trained investor focus on weaknesses within the...
Bloomberg
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
The Startup with Ed Ludlow: Uber Posts Strong 1Q
Every morning on "The Startup", Ed Ludlow brings viewers the top stories from the Bay Area and beyond as Silicon Valley starts its morning. On Tuesday, Ed discussed Uber's strong 1Q report.
Bloomberg
Summers: The Banking Crisis Appears Over
Former Treasury Secretary Lawrence Summers says we're probably over the vast majority of the banking traumas, but some issues do remain. He speaks to Bloomberg's David Westin.
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Bloomberg
EFG Asset Mgmt: Overweight Asian Stocks
EFG Asset Management Senior VP, Deputy CIO & Global Head of Research Daniel Murray says he is overweight Asian equities. He speaks with Haslinda Amin and Rishaad Salamat on "Bloomberg Markets: Asia".
Bloomberg
Debt Limit's 'X Date' As Early As June 1st
Bloomberg's Wendy Benjaminson and Ben Bain discuss US Treasury Secretary Janet Yellen saying the United States has one month until the country will be unable to continue to satisfy all of the government's obligations. They also talk...
Bloomberg
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
First Republic Acquisition Good for Short Term: Joe Zhao
Millennia Capital Investor Joe Zhao joins Ed Ludlow to discuss the second biggest bank collapse in US history and how it will impact the outlook for funding.