

Lauren Hirsch
Posts

Jamie Dimon’s Letter to JPMorgan Investors Warns of Banking Crisis ‘Repercussions’
In his annual letter to shareholders, the chief executive of JPMorgan Chase said regulations were partly to blame for the turmoil, although the economy remained...

Bay Area Expansion Team Draws Record Price for U.S. Women’s Soccer League
The investment firm Sixth Street led an ownership group that plans to spend $125 million on the franchise.

Banker Bonuses Drop 26% on Wall Street As Deal-Making Cools
The bumper payouts earlier in the pandemic have waned, as banks cut costs and worries about financial stability loom over markets.

First Citizens to Acquire Silicon Valley Bank
The Federal Deposit Insurance Corporation, which announced the deal late Sunday, had been looking for a buyer since seizing control of the bank.

PacWest Bank Taps Credit Lines After 20% Drop in Deposits
The Los Angeles lender, which has come under scrutiny amid worries about midsize banks, said withdrawals had “stabilized.” It expressed confidence in its ability to...

Silicon Valley Bank’s Parent Company Files for Bankruptcy
The move would place SVB Financial Group, which owns other businesses aside from the collapsed Silicon Valley Bank, into a court-led process as creditors look...

First Republic Bank Is Said to Be Exploring a Potential Sale
With its shares getting pummeled, one of the nation’s bigger banks is searching for options to shore up its finances and calm jittery investors.

Activist Disney Investor Declares End to Battle for Board Seat
The move by Nelson Peltz came a day after the company’s C.E.O., Bob Iger, announced a restructuring that will cut $5.5 billion in costs and...

Murdoch No Longer Wants to Combine His Media Empire
News Corp, one of his companies, said Rupert Murdoch had determined that a merger was “not optimal for shareholders of News Corp and Fox at...

Bed Bath & Beyond in Talks to Sell Assets
The beleaguered retailer, which warned of a possible bankruptcy, is said to be in discussions with suitors about selling pieces of its business, including its...