Regional Bank Stocks Close at Lowest Level Since 2020
Shares of a number of midsize lenders fell sharply Tuesday following the collapse of First Republic Bank, a sign that investors are still worried about the industry's health.
Celsius Network Seeks to Fold U.K. Affiliate Into Bankrupt U.S. Operation
The move could strengthen customer claims against the cryptocurrency mining business housed in the U.K. affiliate.
HSBC Posts $10 Billion Profit on Higher Rates and China Reopening
The London-based banking giant becomes one of the biggest beneficiaries of the new era of higher interest rates and the rapid reopening of China.
JPMorgan Eyes First Republic's Wealthy Customers
Executives haven't been too subtle about what they like about the failed bank: its wealth-management business.
What a Fed Debate 17 Years Ago Reveals About Its Rate Deliberations Now
Officials aren't sure about their interest-rate path and communicating that uncertainty can be tricky.
Why Washington Let JPMorgan Buy First Republic
The biggest U.S. lender beat out bids from at least three smaller peers.
Battle of the Activists: Hindenburg Shorts Icahn
Shares in Icahn Enterprises lost roughly a fifth of their value after short seller Hindenburg Research published a report saying the company was overvalued and holding assets at inflated prices.
Investors Are Piling Into Actively Managed ETFs
Active exchange-traded funds are helping bring more complex trading strategies to the masses.
HSBC's Profit Surges, Lifted by Tight Monetary Policy Globally
The Asia-focused bank's first-quarter net profit surged more than three times compared with a year earlier, as the lender continues to benefit from tighter monetary policy globally.
Pro Take: Fed's Rate Increases Slow U.S. Factories, but Plants Keep Workers
The 13 million-worker U.S. manufacturing sector is feeling the Federal Reserve's inflation-fighting actions. But amid heavy competition for labor, the effect on workers has been limited, with only scattered job cuts as the central bank has repeatedly raised interest rates to cool the economy.
(END) Dow Jones Newswires
05-03-23 0015ET
