UBS Posts Record $29 Billion Profit on Credit Suisse Deal Shares in UBS scaled fresh multiyear highs, after the bank posted a record $29 billion profit following its shotgun takeover of Credit Suisse,Read More
PacWest and other regional banks are starting the week with gains after selling off last week. Regional bank stocks have been volatile since the banking turmoil that erupted in March. Tweet on RegionalRead More
Shares of hard-hit regional banks were recovering some of their lost ground in early afternoon trading Friday, though they were still on track to end the week nursing hefty losses. Tweet on BankingRead More
Shares of First Republic are reeling again after the struggling lender on Monday reported a $100 billion drop in customer deposits during last month’s banking turmoil. Tweet on First Republic First Republic StockRead More
Shares of regional banks were on the rise Tuesday amid a tumultuous period for the sector. The SPDR S&P Regional Banking ETF jumped 5.4%, on track for its best day since January 2021.Read More
