Latest Signature Bank News
Banc of California to buy troubled PacWest Bancorp, which came close to failing earlier this year
NEW YORK (AP) — The Banc of California has agreed to buy PacWest Bancorp in an all-stock transaction, bringing an end to months of speculation about whether PacWest could survive on its own after the failures of three other regional banks this spring. The deal announced Tuesday...
JPMorgan second quarter profit jumps 67% with a boost from First Republic takeover
JPMorgan's second-quarter profits rose by 67% as the nation's largest bank made more loans to customers, took advantage of higher interest rates, and got a boost from its recent acquisition of First Republic Bank. The bank earned $14.5 billion in the three months ended June 30,...
Federal Reserve may tighten financial rules after US bank failures, Powell says
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring. Powell said in prepared remarks delivered at a banking...
The largest US banks would survive a severe recession, the Fed's 'stress tests' show
NEW YORK (AP) — The nation's 23 largest banks passed the Federal Reserve's so-called stress tests this year, a sign that the nation's banking system remains resilient despite the recent banking crisis that led to the failure of Silicon Valley Bank, Signature Bank and First Republic Bank. ...
