PacWest Bank Taps Credit Lines After 20% Drop in Deposits
The Los Angeles lender, which has come under scrutiny amid worries about midsize banks, said withdrawals had “stabilized.” It expressed confidence in its ability to raise cash.
Posted inBanking and Financial Institutions Credit and Debt Dodd-Frank Wall Street Reform and Consumer Protection Act (2010) Politics and Government Regulation and Deregulation of Industry
A Big Question for the Fed: What Went Wrong With Bank Oversight?
As the Federal Reserve reviews the failure of Silicon Valley Bank, and Congress prepares for hearings, bank oversight is getting a closer look.
Posted inBanking and Financial Institutions China Colombo (Sri Lanka) Credit and Debt Disasters and Emergencies Economic Conditions and Trends India International Monetary Fund Rajapaksa, Gotabaya Sri Lanka Strikes Wickremesinghe, Ranil
Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan
The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International Monetary Fund will see it through its debt crisis.
Posted inBanking and Financial Institutions Credit and Debt Credit Suisse Group AG Federal Reserve System Government Bonds Standard & Poor's 500-Stock Index Stocks and Bonds Swiss Financial Market Supervisory Authority UBS AG United States
Investors Greet Emergency Credit Suisse Deal Warily
Swiss regulators announced that UBS, Switzerland’s largest bank, would take over the troubled Credit Suisse.