PacWest Bank, Shedding Billions in Deposits, Enters Renewed Market Spiral
The Los Angeles-based lender said that its falling stock price ignited customers’ “fears of the safety of their deposits.”
Posted inHindenburg Research Icahn Enterprises L P Icahn, Carl C Securities and Commodities Violations Shareholder Rights and Activism Stocks and Bonds
Carl Icahn’s Firm Faces Federal Inquiry
The billionaire activist investor’s company said that U.S. prosecutors had asked for information about its operations after a short seller’s report took aim at the way the firm is run.
How Wall Street Is Preparing for a Debt Ceiling Showdown
Stocks aren’t showing signs of panic about the government’s ability to pay its bills, but there is anxiety creeping into other markets.
Posted inFederal Reserve System Inflation (Economics) Interest Rates Stocks and Bonds United States Economy
The Week in Business: The 10th Straight Rate Increase
First Republic collapses, and some smaller banks are now facing pressure from investors. Job growth last month was stronger than expected. And debt ceiling talks are set.