By Siddarth S and Lananh Nguyen NEW YORK (Reuters) – Investment bank Lazard Ltd on Friday reported a surprise loss in the first quarter as dealmaking slumped, a trend the company’s CEO said would likely persist. The company also warned of an uncertain outlook for the year and said it would eliminate around 10% of…
(Reuters) – Deposits at commercial U.S. banks dipped in the week ended April 19, signaling no fresh worries about bank safety of the kind that drove sharp outflows in the week immediately following the collapse of Silicon Valley Bank, data released on Friday by the Federal Reserve showed. Deposits at large U.S. banks fell to…
(Reuters) – Deposits at commercial U.S. banks dipped in the week ended April 19, signaling no fresh worries about bank safety of the kind that drove sharp outflows in the week immediately following the collapse of Silicon Valley Bank, data released on Friday by the Federal Reserve showed. Deposits at large U.S. banks fell to…
By John Kruzel WASHINGTON (Reuters) – U.S. Supreme Court Justice Samuel Alito believes the leak last May of a draft opinion that ended the nationwide right to abortion was meant to “intimidate” the court into changing its decision, the conservative justice told the Wall Street Journal. “It was a part of an effort to prevent…
(Reuters) – At the time of Silicon Valley Bank’s collapse, the number of outstanding safety and soundness warnings from Federal Reserve bank supervisors had mushroomed to three times the average for a bank its size, according to a report released on Friday. Below is a timeline of those 31 “matters requiring attention” or “matters requiring…
By Steve Scherer OTTAWA (Reuters) -Canada and the United States have agreed to trace guns that are intercepted at the border, a move meant to enhance efforts to stop the smuggling of handguns to the north from the world’s biggest private firearm market, officials from both countries said on Friday. Canada’s Public Safety Minister Marco…
NEW YORK (Reuters) – The U.S. Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership imminently, a person familiar with the matter said on Friday. The U.S. banking regulator has decided that the troubled regional lender’s position has deteriorated and there is no more time to pursue a rescue through the…
By Stephen Culp NEW YORK (Reuters) – U.S. stocks rallied to a higher close on Friday and benchmark Treasury yields dipped at the end of a week marked by strong earnings, wrapping up a solid month with data confirming inflation is cooling, which could allow the Federal Reserve to pause after next week’s expected rate…
(Reuters) – Lyft Inc said on Friday it has asked employees to return to office, the latest move by new CEO David Risher after the ride-hailing firm decided to cut 26% of its workforce. “Today, (the CEO) shared with Lyft team members the first steps in a plan for a flexible model with more regular…
By Saqib Iqbal Ahmed and Laura Matthews NEW YORK (Reuters) – Bearish options traders are ramping up bets on further declines in the beaten-down shares of First Republic Bank, though strategists say they could run into trouble cashing in their wagers if the bank goes into receivership. First Republic’s shares fell as much as 42%…