US Treasury Department Set to Inject $700 Billion in T-bills
According to an estimate by Goldman Sachs, the Treasury Department plans to issue between $600 billion and $700...
Banking sector
Banking sector
George Soros’ Fund Capitalizes on Tesla’s Rebound, Sells Entire Stake in Q1
Billionaire investor George Soros’ family office, Soros Fund Management, made strategic moves in the first quarter of 2023,...
First Republic Bank Acquisition by JPMorgan Under SEC Scrutiny
The Securities and Exchange Commission (SEC) has reportedly launched an investigation into the conduct of former executives at...
PacWest Bank considers sale or breaking up businesses amid stock drop
PacWest Bancorp, a regional bank based in California, is reportedly exploring strategic options, including a potential sale, according...
Jerome Powell reassures depositors after $100 billion withdrawals from US banks
US regulators have conducted a closed meeting of the Financial Stability Oversight Council to discuss the recent withdrawal...
Saudi National Bank reshuffles leadership following Credit Suisse investment setback
Saudi National Bank (SNB), the largest shareholder in Credit Suisse (CS) before the Swiss bank’s recent rescue, has...
Banking turmoil not over yet: Man Group CEO predicts more failures
The CEO of Man Group, Luke Ellis, has expressed concerns over the ongoing banking turmoil following the collapse...
Crisis-Hit SVB CEO Criticized for Fleeing to $3.1 Million Maui Townhouse
Silicon Valley Bank’s CEO, Greg Becker, has come under scrutiny for his actions leading up to the bank’s...
Citigroup CEO Jane Fraser’s total pay for 2023 set at $24.5 million
Citigroup, one of the largest banks in the world, has increased the compensation package for its CEO, Jane...
HSBC Optimistic Despite $300 Million Loss in Russia Business Sale
HSBC has stated that it still anticipates completing the sale of its Russia business in the first half...