First Republic loses a third of its value amid reports it’s considering a sale
First Republic Bank’s stock rose Thursday after steep losses earlier in the day, following reports that the nation’s largest banks are in talks to provide...
Government bonds held at banks may be so-called ‘toxic asset’ of next financial crisis, fund manager says
Contagion fears triggered by the speedy collapse of two regional banks in less than a week is raising the risk of a crisis in confidence...
Credit Suisse Bank Losses Deepen, Threatening Overhaul: WSJ
Credit Suisse Group AG reported a fifth consecutive quarterly loss and said rich customers withdrew around $100 billion in the fourth quarter, signs that the...
U.S. corporate greed has gone too far, says Norway fund manager
“‘We think in particular in the U.S. the corporate greed has just gone too far.’” That’s the head of Norway’s $1.3 trillion sovereign wealth fund,...
BlackRock Profit Falls 23%: WSJ
The money-management firm’s assets under management increased to $8.6 trillion after three quarters of declines. [ad_2] Source link...
Biden Administration Delays Tax Rules for Crypto Brokers
Markets Currencies Cryptocurrency Cryptocurrency brokers don’t have to start reporting customers’ gains to IRS until the administration finishes writing the rules [ad_2] Source link...
Investors Yank Money From Commercial-Property Funds, Pressuring Real-Estate Values
Real Estate Commercial Real Estate Blackstone and Starwood funds limit withdrawals following surge of redemption requests [ad_2] Source link...
This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.
Investors may have gotten overly excited this week about comments from Fed Chairman Jerome Powell. The Fed chief’s suggestion of a 50 basis point hike...
Tech layoffs approach Great Recession levels: ‘It was not sustainable or real’
The number of tech layoffs this year is nearing annual levels seen during the Great Recession, but is far from dot-com-bust territory. As technology companies...
Wall Street Sours on Coinbase, Signaling Broad Crypto Doubts
Markets Currencies Cryptocurrency Prices of exchange’s bonds and stock reflect anxieties after collapse of rival FTX and sharp declines in bitcoin [ad_2] Source link...