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Dan Fitzpatrick

Editor

Wells Fargo slowly starts to shed the problems of its past

Wells Fargo CEO Charles Scharf said when he took over the top job in 2019 that his "first priority" was to clean up the bank's many messes. He is making progress — but still has more to do.

8 months ago

V

C
Moody's reminds investors that regional banks aren't out of the woods yet

Mid-sized banks stocks fell Tuesday after Moody's downgraded 10 institutions, citing higher funding costs and lower profitability.

last year

PNC

WBS
Senate passes debt ceiling bill to avert US default

The Congressional approval takes the full faith and credit of the US off the negotiating table through the next presidential election.

last year
House passes debt-ceiling bill, shifting focus to Senate

The Senate now has just days to act before the US potentially runs out of money to pay its bills.

last year
JPMorgan's Dimon not aware of 2011 warning about Jeffrey Epstein: Deposition

The CEO said he doesn't recall his executives raising concerns about Epstein during the period when the convicted sex predator was a customer of the bank.

last year

JPM
Why is 2023's bank turmoil largely a West Coast thing?

Investors are still betting against a number of banks in the western half of the country. Some of those lenders say their fundamental strengths are being overlooked.

last year

HMST

ZION
JPMorgan's Dimon: 'Intensity is the same' after decades on top

The 67-year-old CEO didn't offer any hints that his time in charge of the nation's largest bank might end anytime soon.

last year

JPM
PacWest stock plunges 23% after losing 9.5% of deposits last week

Regional banks were under pressure again Thursday after PacWest reported nearly 10% of deposits flowed out the bank's doors last week as the crisis hitting smaller lenders continues.

last year

PACW

PACWP
Buffett on the regional bank crisis: 'Messed up' incentives and 'poor' communication

The Oracle of Omaha made it clear that he is still cautious about holding many bank stocks amid the recent volatility.

last year
How Warren Buffett avoided damage from the current banking crisis

The Oracle of Omaha sold a large portion of Berkshire’s holdings in US banks between 2020 and 2022, some just months before the banking system upheaval that began in mid March.

last year

PNC

USB
Regional banks aren't collapsing. That doesn't mean everything is fine.

Results from a number of mid-sized lenders showed that regional banking isn't getting any easier.

last year

KEY

JPM
Wall Street has a Wall Street problem

First-quarter results from Goldman and Morgan Stanley showed how a deal making slump is hurting the biggest firms on Wall Street

last year

GS

JPM
Bank earnings impress investors, leave analysts asking — 'What crisis?'

Big banks argue the worst is over. Their first-quarter results show that challenges still remain.

last year

C

PNC
America's largest banks prepare to show investors why they're not like SVB

When earnings season begins Friday for the nation's biggest banks, investors will be examining everything from deposits to loans for signs of stress.

last year

C

XLF
Why does the US have so many banks? Thank Thomas Jefferson.

There are more than 4,000 banks in the U.S. The argument for having many can be traced back to arguments as the nation was founded.

last year

C

BAC
Western Alliance stock pares some losses after reassuring investors about deposits

The Phoenix lender watched its stock seesaw after offering two updates on how its deposit balance fluctuated during the first-quarter.

last year

PACW

PACWP
Why the FDIC offered to take billions in losses to find SVB assets a new home

When the FDIC agrees to "share losses" with banks, it's a good deal for the bankers. Is it a good deal for the FDIC?

last year

FCNCA
Why US regulators let banks lose billions — as long as losses are 'unrealized'

The danger posed by paper losses on bonds is newly relevant with the failure of Silicon Valley Bank. The debate about their treatment goes back decades.

last year

JPM

WFC
Biggest banks to infuse First Republic with $30 billion to stabilize troubled lender

Banking giants led by JPMorgan and Bank of America deposited $30 billion with a troubled California regional bank, in an unusual joint effort to help a rival.

last year
The roles Goldman Sachs played in the final days of Silicon Valley Bank

The Wall Street giant purchased securities and attempted to raise capital as Silicon Valley Bank tried to survive, according to filings.

last year

SIVB

GS

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Dan Fitzpatrick

Most Recent

Wells Fargo slowly starts to shed the problems of its past

Moody's reminds investors that regional banks aren't out of the woods yet

Senate passes debt ceiling bill to avert US default

House passes debt-ceiling bill, shifting focus to Senate

JPMorgan's Dimon not aware of 2011 warning about Jeffrey Epstein: Deposition

Why is 2023's bank turmoil largely a West Coast thing?

JPMorgan's Dimon: 'Intensity is the same' after decades on top

PacWest stock plunges 23% after losing 9.5% of deposits last week

Buffett on the regional bank crisis: 'Messed up' incentives and 'poor' communication

How Warren Buffett avoided damage from the current banking crisis

Regional banks aren't collapsing. That doesn't mean everything is fine.

Wall Street has a Wall Street problem

Bank earnings impress investors, leave analysts asking — 'What crisis?'

America's largest banks prepare to show investors why they're not like SVB

Why does the US have so many banks? Thank Thomas Jefferson.

Western Alliance stock pares some losses after reassuring investors about deposits

Why the FDIC offered to take billions in losses to find SVB assets a new home

Why US regulators let banks lose billions — as long as losses are 'unrealized'

Biggest banks to infuse First Republic with $30 billion to stabilize troubled lender

The roles Goldman Sachs played in the final days of Silicon Valley Bank