First Republic shares tumble to a new low
CNN New York -- First Republic stock dropped 47% Monday to a new record low, as Wall Street was unable to convince the bank that it could be viable. After volatility caused shares to be stopped several times, they fell further following a Wall Street Journal report that JPMorgan (JPM)
Traders see growing chance of Fed rate hike in May, pause or cuts thereafter
After an expected move of similar size in the past two days, traders are increasing their odds of a quarter point rate increase in May. This suggests that policymakers will not ignore recent banking sector pressures and raise rates twice more. Fed-funds futures trading showed that the odds of a
Nicola Sturgeon's husband quits as SNP chief executive
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Mars chief hits out at ‘nonsense' attacks on corporate ESG
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Credit Suisse CFO teams to hold talks this weekend on scenarios for bank, sources say
The bank is considering options including a sale of its entire U.S. business.Credit Suisse AG will be meeting this weekend to discuss options for the future of the bank as it tries to regain market confidence. One option under consideration is selling the entire U.S. business.
FirstFT: Banks scramble to reassure investors and regulators
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