PacWest falls more than 20% as regional bank stocks slide to new lows
A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023.Eric Thayer | Bloomberg | Getty...
Financials
Here’s how higher interest rates are pushing down State Street’s earnings and stock price
The first quarter report from State Street showed a new wrinkle to how last year's rapid rise in interest rates...
World Bank raises growth forecast for East Asia, says banking sector is sound despite global stress
The World Bank said "the most immediate challenge" for the region is the growing division between the U.S. and China.Anadolu...
Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO
Chinese technology stocks led gains in Asia-Pacific on Wednesday's as Hong Kong listed shares of Alibaba jumped, one day after...
UBS names Sergio Ermotti as its new Group CEO, following acquisition deal of Credit Suisse
Signage at the UBS flagship office in New York, US, on Tuesday, March 21, 2023.Bloomberg | Bloomberg | Getty ImagesUBS named...
Asia is an area of certainty amid global volatility, says China’s Boao Forum outlook
Asia, especially China, is an area of certainty amid global uncertainty, according to an annual economic outlook report released Tuesday...
First Republic rebounds by 25% on Monday to lead regional bank comeback
People walk near a First Republic Bank branch on March 16, 2023 in New York City. View Press | Corbis News...
Bank turmoil is boosting appetite for specific sector ETFs. Here’s why
It appears specific sector ETFs are gaining popularity as a way to cushion bank-turmoil fallout.According to VettaFi's Todd Rosenbluth, the...
China is a ‘relative safe haven’ in the face of global banking stress, Citi economists say
Aerial view of shipping containers sitting stacked at Yangshan Deepwater Port, the world's biggest automated container terminal, on May 21,...
‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs
There's speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors.Astoria Portfolio Advisors CIO...