PacWest Bancorp said core deposits have increased since March and confirmed it’s in talks with several potential investors, seeking to calm markets after a 60% stock rout that made it the new focal point of concern over the health of US regional lenders.
Yields on Kenya’s eurobonds eased in Thursday trading after the International Monetary Fund’s chief said she’s impressed by economic programs in the East African nation and ready to support them.
Donald Trump is calling game on the Republican presidential primary before voting even starts, as his campaign adopts a general election posture aimed at President Joe Biden.
Football clubs in Spanish top flight football competition LaLiga expect to post a combined profit at the end of this season as business recovers with fans filling up stadiums after pandemic restrictions were lifted.
The state oil company of Abu Dhabi, part of the United Arab Emirates, told customers that it will reduce shipments of crude oil from this month, in line with OPEC+’s surprise decision to tighten supplies.
Goldman Sachs Group Inc.’s role in Silicon Valley Bank’s attempt to raise funds in March is under review by US governmental agencies, which are looking into the failed transaction that helped push the US regional-banking system into turmoil.
The International Monetary Fund plans to disburse $300 million to Kenya after completing a two-week review of the nation’s ongoing program.
Ferrari NV gained after reporting first-quarter earnings that beat expectations as demand for its luxury sports cars surged and prices increased.
Sales of nonfungible tokens — digital pictures of apes and cupids — appear to be climbing from the lowest levels since 2021 after NFT marketplace Blur launched its lending program.
President Joe Biden’s top economic aide, Lael Brainard, will double down on the administration’s pledge to champion competition in a speech to an anti-monopoly summit, which takes place after this week’s seizure of First Republic Bank raised fresh questions about consolidation and vulnerability in the banking industry.
