American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank.
The European market recorded a gross domestic product (GDP) of 0.0 percent in the first quarter of 2023 compared with the fourth quarter of 2022.
In case of a scenario where the First Republic Bank fails, the FDIC will likely want to avoid systemic risk and offer insurance to all the bank’s depositors, even those not covered by insurance.
The market still remains very tipsy and while the tech sector is largely holding up with backing from technology development, other industries also have to step up in order to be able to stay resilient.
German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets.
Despite surpassing the USD in cross-border payments in China, the use of the yuan in global trade finance remains low.
Meta’s Q1 2023 performance underscores its commitment to cutting costs and maximizing earnings in its “year of efficiency”.
While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking.
First Republic Bank received uninsured deposits totaling $30 billion from a group of America’s largest banks on March 16, 2023, to help reduce the chances of a bank run.
In its fiscal Q3 2023 report, Microsoft CFO Amy Hood stressed that the company would continue to prioritize AI-related endeavors.
Leading hamburger purveyor McDonald’s experienced earnings growth for Q1 2023 despite sporting a pricier menu.
Pharmaceutical powerhouse J&J expects to price its Kenvue IPO shares at $20 to $23 for a potential $40 billion company valuation.
As LVMH records new levels in market valuation, its CEO and co-founder of the company is currently the world’s richest person.
With all the predictions, it appears that Bitcoin may truly be getting ready for a long rally.
There are different segments in the market with different performance outlooks and while the payments ecosystem took a slight hit, the earnings in the banking sector have been mixed across the board.