Regional Banks

First Republic and PacWest Bancorp Stocks Rebound After Post-Fed Losses

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First Republic and PacWest Bancorp Stocks Rebound After Post-Fed Losses

Regional bank stocks looked set to rebound early Thursday as the market digested remarks made by Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen. Citigroup (ticker: C) CEO Jane Fraser added her vote of confidence into the mix, as she said the banking system is “pretty sound,” at the Economic Club of Washington … Read more

First Republic Stock Falls Despite $30 Billion Big Banks Rescue Package

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First Republic Stock Falls Despite $30 Billion Big Banks Rescue Package

Regional bank stocks fell Friday even after the country’s biggest lenders agreed to inject $30 billion in uninsured deposits into First Republic Bank . The rescue plan, involving many of America’s largest banks, including Bank of America (ticker: BAC), Citigroup (C), and JPMorgan Chase (JPM), initially brought some relief to shares of regional banks but … Read more