Banking

The U.S. Virgin Islands government says in a new court filing it can't find reclusive billionaire Larry Page to issue a subpoena for documents related to Jeffrey Epstein.

Berkshire Hathaway Chairman and CEO Warren Buffett told shareholders it was "inevitable" that the U.S. government would fully cover Silicon Valley Bank's depositors.

Federal and state financial regulators are looking into the possibility of market manipulation by short-sellers targeting regional banks, which have experienced significant volatility.

Nearly half of Americans are very or moderately worried about the safety of their funds in a bank or other financial institution amid an onslaught of bank failures in recent months.

Regional bank stocks plummeted on Thursday morning after Los Angeles-based lender Pac West confirmed that it was exploring all options, including a sale.

Shares of First Horizon are down on Thursday after the company said a merger agreement with TD Bank was terminated due to uncertainty over regulatory approvals.

PacWest Bancorp confirmed it is mulling options, including a possible sale while also insisting it has not experienced "out-of-the-ordinary deposit flows following the sale of First Republic Bank and other news."

The FDIC enlisted BlackRock's Financial Market Advisory unit to help sell off $114 billion in leftover assets from recently failed banks, a role the influential firm has played before.

JPMorgan CEO Jamie Dimon is slated to testify later this month in one of two lawsuits against the bank over its dealing with late sex offender Jeffrey Epstein.

The Senate Banking Committee announced that it will hold a hearing this week in the wake of the failure of First Republic Bank, which was acquired Monday by JPMorgan Chase.

Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.

A massive amount of funds got poured by Apple credit cardholders into the high-yield savings accounts offered by the tech giant with Goldman Sachs upon their rollout, according to Forbes.

19 Republican attorneys general sent a letter to JPMorgan Chase & Co., on Tuesday demanding the company stop discrimination against customers with certain religious or political affiliations.

The Federal Deposit Insurance Corporation (FDIC) released a report this week seeking reform of its deposit insurance system due to recent instability in multiple U.S. banks.

Morgan Stanley is looking to trim its workforce by 3,000 workers amid an uncertain economic environment that's caused a slowdown in deal making across Wall Street.

New Biden administration mortgage rules that could result in highly qualified borrowers scores paying higher fees is drawing comparisons to the 2008 financial crisis.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

First Republic Bank's failure and fire sale to JPMorgan Chase has fueled speculation about whether more banks will need to be rescued or whether the worst is over for the sector.

Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.

JPMorgan is buying San Francisco-based First Republic Bank and President Biden says the move will ensure the U.S. banking system is safe and sound.