Tag: First Republic Bank
US banks are benefiting massively from higher interest rates and are preparing for more difficult times
new York The Wall Street institutes are entering the second half of the year stronger. America’s largest bank, JP Morgan Chase, reported record earnings on Friday, buoyed by the Federal…
JPMorgan boosts profits after First Republic acquisition – Wells Fargo benefits from higher interest rates
JPMorgan Chase & Co in New York new York The largest US bank, JP Morgan, also benefited greatly in the second quarter from the sharp rise in interest rates and…
Erdogan appoints US finance manager Erkan as central bank governor
Istanbul Turkish President Recep Tayyip Erdogan has appointed a finance executive from the United States to head Turkey’s central bank. Hafize Gaye Erkan’s nomination was published in the Official Gazette…
Erdogan appoints US finance manager Erkan as central bank governor
Recep Tayyip Erdogan The Turkish President had recently favored a rather unusual monetary policy. (Photo: Reuters) Istanbul Turkish President Recep Tayyip Erdogan has appointed a finance executive from the United…
Major US bank raises forecast after takeover – Wall Street closes undecided
New York, Dusseldorf Worries about a possible US default have dampened Wall Street investors’ mood. The Dow Jones lost 0.4 percent on Monday to 33,287 points. The tech-heavy Nasdaq, meanwhile,…
Bailout of small money houses will cost US big banks billions
The Silicon Valley Bank logo The collapse of the Californian institute marked the beginning of the crisis in the US regional banks. (Photo: Reuters) Frankfurt If the US deposit insurance…
US indices close indecisively – Tupperware shares fall sharply
Frankfurt Several weak company figures spoiled the mood for investors on Wall Street at the start of the week. The Dow Jones index of standard values closed 0.2 percent lower…
Citi CEO Fraser doesn’t see a broad-based crisis
Citi CEO Jane Fraser Germany is an important market for the US bank, emphasizes the manager. (Photo: Bloomberg) Frankfurt, Denver First the Silicon Valley Bank (SVB) and the New York…
Citi CEO Fraser doesn’t see a broad-based crisis
Citi CEO Jane Fraser Germany is an important market for the US bank, emphasizes the manager. (Photo: Bloomberg) Frankfurt, Denver First the Silicon Valley Bank (SVB) and the New York…
Investor mood signals “calm before the storm” – but Dax direction is uncertain
Bull and Bear in front of the Frankfurt Stock Exchange Dusseldorf For the sentiment expert Stephan Heibel, the stock markets are currently in the “calm before the storm”. In his…
PacWest leads rally in US regional banks: stock climbs 82 percent
Pacific Western Bank PacWest stock has come into the focus of investors this week. (Photo: AP) new York America’s regional banks ended a turbulent week with a relief rally. Los…
Strong Apple numbers support Wall Street
Frankfurt Surprisingly strong quarterly earnings from Apple supported Wall Street on Friday. The Dow Jones index of standard values closed 1.7 percent higher at 33,674 points. The broader S&P 500…
Strong Apple numbers support Wall Street
Frankfurt Wall Street sentiment has brightened after a week of losses. The US leading index Dow Jones gained 1.2 percent compared to the previous day and is at 33,508 points.…
This small US bank no longer wants to be mistaken for the ailing Pacwest
banks in crisis The ailing Pacific Western Bank of California has nothing to do with Pacific West Bancorp. (Photo: AP) New York/Dusseldorf Similar names are causing confusion among US regional…
US banks often perform worse than European institutions when it comes to management quality
Silicon Valley Bank logo Weaknesses in risk management are said to have led to the collapse of the institute, among other things. (Photo: Reuters) Frankfurt The bankruptcy of the Silicon…
Shares in regional banks collapse sharply in after-hours trading
Pacwest The bank’s price fell sharply in after-hours trading. (Photo: Bloomberg) Denver The turbulence at the US regional banks continues after the bankruptcy of First Republic: The ailing Pacwest from…
Gold: Crisis currency rises to record level
gold rate Investors resort to gold as a crisis currency. (Photo: dpa) Zurich, Dusseldorf The price of gold rose to its highest level since August 2020 on Thursday night. According…
Shares in regional banks collapse sharply in after-hours trading
Pacwest The bank’s price fell sharply in after-hours trading. (Photo: Bloomberg) Denver Just a few hours after the US Federal Reserve announced another rate hike, regional banks have come under…
Shares in regional banks collapse sharply in after-hours trading
PacWest The bank’s price fell sharply in after-hours trading. (Photo: Bloomberg) Denver Just a few hours after the US Federal Reserve announced another rate hike, regional banks have come under…
Banking crisis in the US: Short sellers see risks here
Stock exchanges New York Regional bank shares are under pressure again. (Photo: dpa) Dusseldorf Fear of a regional banking crisis in the US is back: First Republic Bank was the…