Newsfeeds Archive - Spark Newswire

2 minute read

US Banks Are Struggling With $650 Billion In Unrealized Losses On Bond Holdings — Here’s How They Can Get Out

November 12, 10:46 AM

American banks are grappling with a staggering $650 billion in unrealized losses on their bond investments — but there could be a way out.

FRC

1 minute read

PNC Bank Acquires $16.6B Select Capital Commitments Facilities Of Signature Bridge Bank

By Lekha Gupta

October 3, 12:09 PM

PNC Financial Services Group Inc's (NYSE: PNC) PNC Bank disclosed buying a portfolio of select capital

PNC

1 minute read

Flushing Bank Announces Acquisition Of Former Signature Bank Team

By Happy Mohamed

July 17, 9:02 AM

Flushing Financial Corporation (the "Company") (NASDAQ:FFIC), the parent holding company for Flushing Bank (the "Bank"), announced today that it has acquired a commercial real estate lending team from

FFIC

2 minute read

Yellen Sees Bank Mergers, Earnings Pressure Following March Crisis

By Bibhu Pattnaik

June 24, 12:16 PM

During an interview in Paris this week, Treasury Secretary Janet Yellen said that an increase in interest rates and recent banking instability are likely to prompt more banks to pursue mergers this year, while adding that the rising costs of retaining

SBNY

2 minute read

Steve Cohen-backed 24 Exchange Pulls The Plug On Spot Crypto Trading As Regulatory Pressure Intensifies

By Murtuza Merchant

June 23, 10:12 AM

24 Exchange, a trading platform that secured $14 million in funding in late 2021, which included support from Point72 Ventures led by Steve Cohen, has decided to discontinue its spot

$FTT

2 minute read

Did The Federal Government (Un)Knowingly Finance The Marijuana Industry?

By Nina Zdinjak

June 12, 11:05 AM

Remember when New York-based Signature Bank (OTCPK: SBNY) became the third financial institution to collapse following the demise of Silicon Valley Bank and&nb

NYCB

2 minute read

JPMorgan CEO Jamie Dimon Calls Out the Fed: Too Many Rules, Questions Reliability Of Stress Tests

By Murtuza Merchant

May 12, 2:25 PM

Jamie Dimon, the CEO and chairman of JPMorgan Chase & Co (NYSE: JPM), expressed concern about the impact of potential Federal Reserve

FRCB

2 minute read

Penny Stocks

Financial & Bank Stocks In Question – Is It Time To Step Into The KRE Or The KBE Yet?

By Jeffrey Kamys

May 8, 10:06 AM

Three of the largest five banking failures have happened in 2023, and more failures may be lurking.

SBNY

5 minute read

Bank Stocks: Do The Rewards Warrant The Risk?

By Real Investment Advice

May 3, 2:19 PM

The recent failures of Silicon Valley Bank, Signature Bank (OTC: SBNY), and First Republic (NYSE: FRC) and the poor performance of other regional banks serve as a reminder of the underappreciated risks of investing in bank stocks.

FRC

3 minute read

John Oliver Joins Inverse Jim Cramer Craze, Says You’d Live ’50 Years’ After Cramer Predicts You’d Die ‘Tomorrow’

By Chris Katje

April 26, 2:39 PM

Talk show host John Oliver has shared commentary on Jim Cramer previously and held nothing back when discussing the CNBC host's past comments about cryptocurrency and FTX co-founder Sam Bankman-Fried.

FRC