G.M.’s Profits Fell 18.5 Percent in the First Quarter
The decline over the first three months of 2022 was primarily the result of the short-term costs of job cuts and slower sales in China.
Posted inBanking and Financial Institutions Company Reports First Republic Bank Regulation and Deregulation of Industry
First Republic Bank Lost $102 Billion in Customer Deposits
The regional bank received a $30 billion lifeline from big banks last month, but depositors and investors remain worried about its prospects.
Posted inBanking and Financial Institutions Citizens Financial Group Company Reports Interest Rates Keybank Usa M&T Bank Corporation PNC Financial Services Group Inc Real Estate (Commercial) Truist Financial Corp US Bancorp
Regional U.S. Banks Say the Crisis Is Contained but Fears Persist
In recent calls with investors, regional bank leaders tried to cast the turmoil in the industry spurred by the collapse of Silicon Valley Bank as a moment that has passed.
Posted inCompany Reports Consumer Behavior Inflation (Economics) Prices (Fares, Fees and Rates) Procter & Gamble Co United States Economy
Double-Digit Price Increases Bolster Profits at Procter & Gamble
The consumer goods company raised prices 10 percent across its brands for a second straight quarter and said its profit margin had widened.