bank failures

Last Updated: May 20, 2023, 01:45 ISTGold was on course for its worst week since February, down about 1.5% so far, after a series of robust economic data. Spot gold gained 1.2% to $1,981.79 per ounce by 12:30 p.m. ET (1830 GMT). U.S. gold…

Last Updated: May 09, 2023, 02:07 ISTThe report comes as the financial sector contends with deposit outflow worries on the back of turmoil after the high-profile collapse of Silicon Valley Bank and Signature Bank in March. (Image:…

Shares of PacWest Bancorp were in free fall Thursday after the lender’s attempt to reassure investors fell flat amid another pummeling of US regional bank stocks.On an ugly day for financial stocks, two other midsized banks also suffered…

Last Updated: May 05, 2023, 02:48 ISTWall Street stocks dropped Thursday following another brutal sell-off in regional banking shares, in the wake of four bank failures since early March.The Dow Jones Industrial Average fell 0.9 percent to…

CNN  —  When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of…

Washington, DC CNN  —  Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.…

Minneapolis CNN  —  US Treasury Secretary Janet Yellen said she believes the American economy remains strong and its banking system is resilient despite some recent turmoil…

More US small businesses reported having greater difficulty getting a loan in March after multiple bank failures led to a further tightening of credit conditions. A net 9% of owners who borrow frequently said financing was harder…

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link.…