PacWest Bancorp (PACW) severely missed estimates for Q1 earnings early Thursday as it felt the impact from the recent bank panic. But the Los Angeles-based bank noted deposits have stabilized and it has sufficient liquidity. […]
Hedge fund manager and macro economic expert Hugh Hendry just issued a major warning on the US banking system and the American economy as a whole. In a new interview on Bloomberg Markets, Hendry says […]
While we wait for today’s 2pm SLOOS release, where the latest C&I credit standards are expected to measure at a level tighter than the dot-com crisis (if still less extreme than during the financial crisis […]
Update: It appears some have read the actual Fed data after all as regional banks are now red… Even PACW is fading fast now (from +33% to +2%)… Having rallied early after suspending […]
California’s recent decision not to pay back some $20 billion borrowed from the federal government to cover unemployment benefits during the pandemic will fall on the shoulders of employers, according to experts. California Governor Gavin […]
With the failure of three regional banks since March, and another one teetering on the brink, will America soon see a cascade of bank failures? Bloomberg reported Wednesday that San Francisco-based PacWest Bancorp is mulling a sale. […]
Earlier this month, Larry Kudlow insisted that it is “it’s incumbent on the U.S. government, no matter who’s in power, to maintain the reserve currency status of the dollar.” Kudlow laments that a toppling of […]
The Dow Jones Industrial Average led the stock market lower Thursday, as the banking crisis escalated with sell-offs in regional banks PacWest (PACW) and Western Alliance (WAL). Apple (AAPL) climbed on strong earnings after the […]
Uncertainty continued to pummel the banking industry, despite assurances from financial regulators and bankers such as Jamie Dimon that the worst of the recent crisis is over and the health of the banking system remains […]
Tl:dr; Fed raises rates by 25 bps as expected. Policy statement softens the rate guidance in a way consistent with past pauses and The Fed deletes reference to “some additional policy firming may be appropriate.” […]
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